Latest News | Coliving Marketplace Crib Raises USD 4,00,000 for Biz Expansion
Get latest articles and stories on Latest News at LatestLY. Startup Crib, a marketplace for co-living segment, on Monday said it has raised USD 400,000 (about Rs 2.9 crore) to expand its business.
New Delhi, Jan 10 (PTI) Startup Crib, a marketplace for co-living segment, on Monday said it has raised USD 400,000 (about Rs 2.9 crore) to expand its business.
The pre-seed funding round was led by Pranay Gupta (Co-founder, 91Springboard) through his AngelList syndicate 91Ventures.
The round also saw participation from BlackSoil Capital along with other angel investors.
Headquartered in Gurugram, Crib is building a digital ecosystem aimed at redefining how landlords operate, tenants stay and market sells.
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Through their SaaS-based marketplace model, Crib is creating a full stack solution for co-living including property management software bundled with a reseller platform.
"Crib will utilise the current raise to build its engineering team, boost product development and onboard the first set of properties from Bangalore, Pune, Hyderabad, Mumbai and Delhi NCR," the company said in a statement.
Sunny Garg and Shaifali Jain are the co-founders of Crib. They successfully built the student housing brand YourShell, which was later acquired by Stanza Living.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)