A Prop Tech Startup Raising Funds In Ahmedabad

Listing ID: SL015283
Posted By: Owner
Last Active: 2+ months ago
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Product / Service

1) Rental Homes Ecosystem and we provide Rental Homes at 70% less price to the current market price for end-to-end solutions.
2) Rent out brokerage-free homes for owners and household services.
3) Investment Properties.
4) To buy and Sell home listing

Clientele type

Traction:
This startup team exemplifies the saying "necessity is the mother of invention." They are witnessing a profound paradigm shift in the Indian real estate industry, with a surging demand for rental homes due to rapid urbanization in Tier 1, 2, and 3 cities. Notably, the real estate brokerage market in India stands at an estimated 10,400 Crore, with 70% of the market share coming from residential real estate sales.
Commencing their beta testing in Ahmedabad in July 2023, they have already achieved noteworthy traction. Impressively, they closed 6 customers solely through organic means, without resorting to any paid marketing activities. Moreover, three of these initial customers were so pleased with their services that they willingly referred platform to others. Worth mentioning is that its services have only been launched for the owners thus far, further highlighting their promising potential for growth and success in the market.

Premises

LEASED

Lease per month (in INR): 30,000

Security Deposit (in INR): 100,000

Carpet Area: 1,000 sq ft

Asking Price Includes

The terms of transaction can be discussed with potential investors.

Reason

We have the proof of concept that the product is market fit. Now we need funds to scale the business.

Other Details

The founding team started working on the project Jan'23 and launched in July'23
Founders' profile:
Founder 1: Bachelor of Engineering in IT and an expert in IT with over 5 years of experience in the service-based industry.
Founder 2: An MBA professional with over 6 years of experience in marketing and strategy.
Founder 3: An MBA professional with over 4 years of experience in B2B, B2C sales, and operations.
Revenue Model: Our Revenue model is Pay Per User Per Service/Transaction. Our Revenue will be from the services we have stated which will be paid to us on each transactions.

Keywords

Business Tags

A Prop Tech Startup Raising Funds In Ahmedabad Leased Property

₹10 to ₹200 Cr

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Seamless Fundraising/M&A transactions

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