Indian startup Grabhouse helps people rent property without a broker

April 19
12:16 PM 2014

Grabhouse provides a new twist to the growing trend of real estate portals by helping consumers find properties for rent without going through a broker. The Mumbai startup has bagged INR60 lakh in its seed fund to cater to young Indians in search of an apartment or flat for rent, according to The Economic Times.

Co-founder Pankhuri Shrivastava explained: "People need a broker to find the right tenant or landlord and to get a lease agreement made. We solve both these problems with our platform... We will charge about Rs 500 from a user and give him 10 leads matching his requirements within 48 hours. If the user is still unable to find a suitable house, we'll refund the money."

The startup's technology helps match consumers with compatible roommates. It also matches them with a lawyer when they need to make a lease contract. The matching process uses personal preferences to find suitable apartments or flatmates for Grabhouse's clients, the report detailed.

Grabhouse plans to raise INR12 crore later this year to branch out to 50 cities in India. The company will also embark on an ad campaign and add a search facility on its site, The Economic Times reported.

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