Bengaluru-based proptech startup Settlin doubled its revenue in FY24, growing from Rs 3.9 crore in FY23 to Rs 7.5 crore. However, its net loss widened to Rs 8.5 crore in FY24 from Rs 5 crore in the previous fiscal.
Founded in 2016 by Sudhanshu and Ashish Srivastava, Settlin provides end-to-end solutions for residential property resale transactions, including listing, site visits, legal, financial, and documentation services. The company is building a tech-first ecosystem to streamline real estate dealings and professionalize the fragmented resale market.
Settlin has raised Rs 14.07 crore across five funding rounds, with the most recent pre-Series A round closed in April 2025. Co-founders Ashish and Sudhanshu each hold 22.51%, while 7.02% of equity is allocated to the ESOP pool.
Total expenses surged from Rs 8.9 crore in FY23 to Rs 15.9 crore in FY24. Employee benefits formed the largest cost component, accounting for 63.5% of FY24 expenses, down slightly from 67.5% in FY23. Advertising expenses increased to 12%, and depreciation remained steady around 5.7%.
The company’s EBITDA margin improved marginally from -114.76% in FY23 to -93.17% in FY24, while ROCE slipped sharply to -646.74% from -176.16%, indicating the capital-intensive nature of its current growth phase.
With its focus on platform-led solutions and a data-first approach to real estate, Settlin is positioning itself as a category-defining player in India’s proptech space, competing with peers like Propreturns and Houseeazy.