Real estate startup Method & Madness raised $2 mn led by Tinder founder Justin Mateen
Technology-based and consumer centric real estate buying platform, Method & Madness Technology Pvt Ltd, raised $2 mn in seed round of funding with a post-money valuation of $12 mn from Justin Mateen, founder of popular dating app Tinder, and various other blue-chip Silicon Valley investors amongst its cap table.
The funds raised will be used to set up and establish the platform, which aims to digitise the real estate market in India. The venture claims that it is attempting to build the biggest inventory of homes in India, directly from developers onto its platform.
“Our mission is to push the real estate industry forward and disrupt the age-old cumbersome processes of home buying. We want to democratise inventory and provide perfect information and transparency to the homebuyer. We are hence building our product with the hearts and minds of the consumers as central to our philosophy. This fundraise will enable us to develop an end-to-end digital platform and completely change the experience of the homebuyer,” Founder and CEO Aditya Jhaveri said.