COMPANY INTELLIGENCE PROFILE
Settlin
Bengaluru-based full-stack real estate "e-broker" (Linking Spaces Technologies Pvt Ltd) handling end-to-end residential property buy/sell deals under the Settlin brand.
Settlin, under the legal entity Linking Spaces Technologies Pvt Ltd, is a Bengaluru-based e-broker that facilitates residential real estate transactions. Established in 2016, Settlin provides comprehensive services including property search and legal verification. It operates within the online real estate platform sector and is recognized as a startup by DPIIT. In FY2024, it reported a revenue of ₹7.56 crore, though continues to face operating losses. The company has secured approximately $3.15 million in funding.
AI-generated, may contain errors.
Business Overview
- Settlin, legal entity: Linking Spaces Technologies Pvt Ltd, is an e-broker for residential real estate in Bengaluru - it positions itself as going beyond listings/leads to run the entire transaction end-to-end: property search, site visits, price negotiation, legal verification/documentation, and home-loan assistance for buying, selling or renting flats, villas and houses.
- Per its own site it has facilitated "₹3,000cr+ worth homes sold" and "8,000+ satisfied customers" with a 4.6/5 rating, and holds a Karnataka RERA agent registration, PRM/KA/RERA/1251/446/AG/180205/001849.
- Source: settlin.in (official site), FalconEbiz, search aggregators.
Sector & Classification
Internet/Information & Communication - online real estate platform; "data processing, hosting and related activities; web portals" (partial - FalconEbiz gives descriptive activity, exact NIC code not obtained). DPIIT-recognised startup.
Directors & Key Management
Directors — source notes
Two directors on record, both appointed 29 Jan 2016 (confirmed by Tofler and FalconEbiz for names; DINs single-sourced from Tofler only - partial): 1. Ashish Kumar Srivastava - DIN 07204052 (source: Tofler; DIN not corroborated by a second source) 2. Sudhanshu - DIN 07204084 (source: Tofler; DIN not corroborated by a second source) No other directors, resignations, or KMP found.
GST Registrations
Primary GSTIN: 29AADCL0734A2ZY (Karnataka) - confirmed via KnowYourGST individual GSTIN page (a source explicitly whitelisted as reliable for GSTIN lookups). Registered under GST on 21/11/2017. Home state: Karnataka. Only one registration identified in this state; presence/absence of registrations in other states not obtained (company appears to operate solely from Bengaluru, so likely just the one Karnataka registration, but this is not independently confirmed - partial). Status of the registration (active/cancelled) not explicitly stated on the fetched snippet - assume active given company is operating, but flagged as not directly confirmed.
Financials
Settlin's FY2024 revenue rose 96% YoY to ₹7.56 Cr. Total expenses increased from ₹8.9 Cr to ₹15.9 Cr, with employee benefits comprising 63.5%. The EBITDA margin improved to -93.17%. No open charges or borrowings exist.
AI-generated, may contain errors.
- FY2024, year ended 31 Mar 2024, standalone, single entity, no subsidiaries found:
- Revenue: ₹7.56 Cr, up ~96% YoY, confirmed - TheCompanyCheck and TheKredible/Tofler-sourced data agree
- Total expenses: rose from ₹8.9 Cr (FY23) to ₹15.9 Cr (FY24); employee benefits ~63.5% of FY24 expenses, source: TheKredible/Tofler-derived figures
- EBITDA margin: -93.17% in FY24, improved from -114.76% in FY23, i.e. still deeply loss-making at the operating level, - source: TheKredible
- PAT, net worth, total borrowings: not obtained, locked behind premium tier on FalconEbiz/TheCompanyCheck
- Employee headcount: conflicting figures - 168 as of Apr 2024 (FalconEbiz) vs 101 as of Mar 2025, aggregator snippet
- Direction (down) plausible post a cost-cutting phase but not independently confirmed - partial
- No open charges/borrowings on record, confirmed - FalconEbiz: "Open Charges/Borrowings: None"
Funding History
- Total funding reported as ~$3.15M across 8 rounds from 88 investors, 20 institutional + 68 angel, source: Tracxn, used only for round names/aggregate per sourcing rules - not independently corroborated, so partial.
- Latest round: Seed, dated 17 Oct 2024, with 6 participants.
- Named investors mentioned: Powerhouse Ventures, LetsVenture, syndicate platform, and Brigade Group, Bengaluru real-estate developer, strategic investor.
- Individual round sizes/dates/valuations beyond the latest are not obtained.
Loans & Charges
- No open charges or borrowings on record as of last update, confirmed - FalconEbiz explicitly states "Open Charges/Borrowings: None". No other source contradicts this.
Credit Ratings
- Not obtained / none found - no CRISIL, ICRA, or CARE rating surfaced for this entity across the sources checked, consistent with its small private/seed-stage scale.
Competitive Landscape
- 3-6 named peers with rough scale tags, all far larger/national vs Settlin's single-city, seed-stage scale:
- NoBroker - Bengaluru-founded (2014), pan-India, broker-free rental/resale marketplace; much larger, well-funded unicorn scale
- Square Yards - national + international presence, premium/high-value transaction focus; much larger scale ($95M+ raised)
- Housing.com / PropTiger group - national real estate portal, REA Group-backed; much larger scale
- Magicbricks (Times group) - national classifieds/portal leader; much larger scale
- Nestaway - adjacent segment, managed rentals rather than brokerage, Bengaluru-founded; comparable origin story but different business model
- Settlin differentiates as a single-city (Bengaluru), full-service "e-broker" rather than a pure listings marketplace.
Frequently Asked Questions
What does Linking Spaces Technologies Pvt Ltd do?
Linking Spaces Technologies Pvt Ltd, under the Settlin brand, is a Bengaluru-based full-stack real estate 'e-broker' handling end-to-end residential property buy and sell deals. It provides services such as property search, site visits, price negotiation, legal verification, documentation, and home-loan assistance for buying, selling, or renting flats, villas, and houses.
What is the CIN for Linking Spaces Technologies Pvt Ltd?
The Corporate Identity Number (CIN) for Linking Spaces Technologies Pvt Ltd is U74110KA2016PTC085656.
What is the GSTIN for Linking Spaces Technologies Pvt Ltd?
The primary GSTIN for Linking Spaces Technologies Pvt Ltd is 29AADCL0734A2ZY, registered in Karnataka.
When was Linking Spaces Technologies Pvt Ltd incorporated?
Linking Spaces Technologies Pvt Ltd was incorporated on 29 January 2016.
What is the registered office address for Linking Spaces Technologies Pvt Ltd?
There is conflicting information on the registered office address for Linking Spaces Technologies Pvt Ltd. Sources list 'Plot No.1546 & 1547, 19th Main Road, Sector 1, HSR Layout, Bangalore South, Karnataka - 560102' and '1st Floor, EBC Space 4, Hosapalya Main Road, 7th Sector, HSR Layout, Madivala, Bangalore South - 560068'. The company's website lists 'Ground Floor, EBC Space 2, 19th Main Rd, Agara Village, 1st Sector, HSR Layout, Bangalore - 560102'.
Sources
Tofler (tofler.in/settlin & tofler.in/linking-spaces-technologies-private-limited), TheCompanyCheck (thecompanycheck.com/company/linking-spaces-technologies-private-limited), FalconEbiz (falconebiz.com/company/LINKING-SPACES-TECHNOLOGIES-PRIVATE-LIMITED), KnowYourGST individual GSTIN page (knowyourgst.com - GSTIN 29AADCL0734A2ZY), TheKredible (thekredible.com - Settlin financials & "Settlin Doubles Revenue to Rs 7.5 Cr in FY24" article), Tracxn (funding round names/aggregate only, per sourcing rules), settlin.in (official website - business overview, address, RERA number, contact).
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.