Who: Flatchat
Funding Amount:$2.5 Million
Investor : Commonfloor
Founded six months back by Gaurav Munjal and Hemesh Singh, Flatchat enables easy and quick chatting connectivity between a seeker, a prospective owner, a tenant to potential flat mates and other seekers.
Commonflor earlier acquired Flat.to, FlatChat’s earlier brand name and has hived it off as a separate entity.
The fund will also be used to scale up operations and establishing foothold across the country especially in the cities which have a higher population of students and bachelors.
Flatchat has crossed 50,000+ users across both Android and iOS platforms, with 80% of the traffic coming from Android.
More than 350,000 messages were exchanged on the platform last month and the product has seen a growth of 100% MOM.