With a lot of youngsters moving to bigger cities in search of a job or higher education, accommodation is one of the biggest of problems they face. As most of these youngsters are students or just starting their career, the high brokerage charges for accommodation tend to burn a deep hole in their pockets. Adding to this problem is the exorbitant rents that landlords charge, making shared accommodation a norm/must in most big cities. When it comes to sharing a living space with a stranger, it comes with a set of challenges of its own.
Grabhouse, launched 4 days back, wants to ease all these problems by building a brokerage free site for finding compatible roommates. They have developed a 0% brokerage platform for finding roommates and rented accommodation. The platform also has an android mobile app for you to access the listing service. The service currently only lists accommodation available in the Mumbai region.
The online platform helps you find compatible roommates and rooms by letting you take a compatibility test with a prospective roommate to know how well you can get along. The listings on the website contain photos, amenities and neighbourhood information to help you have an idea about the accommodation and its surroundings. The listing service has also added an interesting social connect feature into the service by using social media websites to help find roommates from common connections and friends’ network.
The portal plans to add more cities, a map based search option and an iOS app in their future release.
The Grabhouse team consists of three co-founders, Prateek Shukla, Pankhuri Shrivastava and Ankit Singhal. The team was incubated in India Quotient boot camp for 7 weeks and mentored by Anand Lunia and Madhukar Sinha, Matrix Partners’ vice president Tarun Davda and Instamojo founder Sampad Swain.
A lot of property listing companies have been taking the web with the new map based approach. Inspite of this dearth of listing site, most of them turn out to spam listing with outdated listing information. Only reliability of listing and frequent information updation will help such services stay afloat in the long run.
Another startup in the similar listing space mapmyroof.com, provides property listing for a very niche clientele. The listings are specifically based on company locations. This service oriented website is particularly intended to help students and professionals who come from non metros to metro cities for work and higher studies.
Online Real Estate : A Quick Recap
There seems to be a good amount of activity happening in the property/realty listing service space recently. Last month real estate search portal Housing.co.in has secured $2.5 million of funding from Nexus Venture Partners. The company, founded in 2012 by a group of IIT Bombay students, said that it plans to use this new round of funding to expand its technology and data sciences teams. Soon after this the portal also rolled out its operations in Bangalore.
In another developement Consim Info, the owners of a chain of matrimony websites including Bharatmatrimony.com, has hived off its real estate porta Indiaproperty.com and raised $7 million risk capital from Canaan Partners and Mayfield Fund.