Crib, a prop-tech startup, raises Rs 15 crore in a Seed round led by We Founder Circle and Rebright Partners. The company aims to revolutionize the real estate industry with its digital ecosystem, connecting landlords, tenants, and entrepreneurs. With features like tenant onboarding, staff management, and complaint handling, Crib offers operational excellence for landlords and an immersive experience for tenants. The funding will support product expansion and nationwide distribution. The crib has already established a strong presence in multiple cities, with over 500 landlords managing 100,000 rental units.
Crib, a pioneering prop-tech startup, has successfully raised Rs 15 crore in its Seed round, with We Founder Circle and Rebright Partners co-leading the investment. This funding round witnessed the impressive participation of more than 50 influential founders, including industry titans like Vijay Shekhar Sharma and Kunal Shah. Additionally, prominent angel syndicates and funds such as Imperier Holdings and Sigurd Ventures demonstrated their confidence in Crib's vision. Spearheading the company's mission is Sunny Garg, Co-Founder and CEO of Crib, who emphasized the importance of providing the next generation with the necessary digital infrastructure to manage and grow their real estate investments.
Crib aims to redefine the real estate landscape by offering a comprehensive digital ecosystem that seamlessly connects landlords, tenants, and entrepreneurs. One of the recent initiatives by Crib is the #BeAnEntrepreneur campaign, which aims to foster the spirit of entrepreneurship and self-reliance among students and young professionals. Through this campaign, users have the opportunity to earn substantial cash rewards by simply referring properties to their contacts. By enabling anyone to tap into the lucrative commissions associated with real estate bookings, Crib empowers individuals to embrace the potential of the real estate market.
Crib's platform provides a multitude of features tailored to the needs of both landlords and tenants. Landlords benefit from a cutting-edge SaaS-based solution that enhances operational efficiency, streamlines finances, and drives sales growth. On the other hand, tenants gain access to a modern platform that offers an immersive property exploration experience along with exclusive discounts. With the newly raised funds, Crib plans to expand its product offerings and extend its footprint to major pin codes across India. The company's ambitious goal is to become the go-to platform for rental housing businesses and establish a presence in all key cities.
Notably, Crib has already established a strong foundation in over 10 cities, including Bangalore, Hyderabad, Pune, Chennai, Ahmedabad, and Delhi NCR. Currently, more than 500 landlords manage an impressive portfolio of 100,000 rental units, generating an annual rental revenue of Rs 900 crore through Crib's SaaS platform. Prominent investor Pranay Gupta led the way as Crib achieved a significant milestone in 2022, securing $400,000 in a pre-seed funding round. This early support laid the foundation for the company's rapid growth and subsequent achievements. As Crib continues to disrupt the real estate industry with its innovative solutions, it solidifies its position as a game-changer in the rental housing sector, attracting investors, entrepreneurs, and users who recognize the transformative potential of the platform.
A proptech company revolutionizes the real estate industry by offering technology-driven solutions. Crib, based in Gurgaon, India, is a leading co-living rental and property management app. It assists landlords in acquiring, managing, and retaining tenants through its innovative digital ecosystem. With 23 investors, including Imperial Holdings and Ankur Aggarwal, Crib has successfully raised $2.2 million. Competitors in this space include Housing.com, Vahak, and Oriente.
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