Flat Finding Startup Grabhouse Secures Series A Funding

grabhouse 1Online portal Grabhouse.com, a community based exchange for finding rented accommodation, has closed Series A funding of $2.5 million from Kalaari Capital and Sequoia Capital.
The investment will be utilized for product development, to improve the existing technology to enhance for the end-user experience and to increase the company’s footprint across major cities in India.
Grabhouse offers a broker-free housing experience and uses their proprietary search engine to map the needs and preferences of prospective tenants and house owners beyond parameters such as budget and location. The website also provides a community-based model to source and verify listing-related information.
The website was founded in July 2013 by Pankhuri Shrivastava and Prateek Shukla, Grabhouse.com received seed fund from India Quotient and MV Krishnan from Deutsche Bank as well as Chetan Bohra and Navin Ranka from RB & Partners. The portal currently offers houses in Mumbai, Pune, Hyderabad and Bengaluru.

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