The round saw participation from over 50 founders and tech operators including Vijay Shekhar Sharma (PayTM), Kunal Shah (Cred), Ghazal Alagh (Mamaearth), Ramakant Sharma (Livspace), Sandeep Aggarwal (Droom, ShopClues), Ravi Bhushan (BrightChamps, Housing), Ankur Aggarwal (Dunzo) along with various angel syndicates and funds like Imperier Holdings, FAAD, Rogue Opportunities, Sigurd Ventures, Beej Network, Dream Green Capital Venture, Supermorpheus Fund among others.
“The real-estate will see more involvement of youth as prop tech platforms are solving the age old problems. We are building the digital infrastructure to support these upcoming property owners by creating the ultimate property solution,” said Sunny Garg, coFounder & CEO at Crib.
Founded in 2022 by Sunny Garg, Shaifali Jain and Archit Chauhan, Crib is a digital ecosystem that connects landlords, tenants and entrepreneurs.
For landlords, Crib offers a SaaS based solution that drives operational excellence, streamlines finances and boosts sales. For tenants, Crib offers a new-age platform to explore and book properties.
The company plans to use the funds to expand its product offerings, and scale distribution to all major pincodes in India.
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“Within 12 months of launch, we have built a solid foundation across 10 cities in India including Bangalore, Hyderabad, Pune, Chennai, Ahmedabad and Delhi NCR. At present, over 500 landlords managing upto 1,00,000 rental units are collecting an annual rental revenue of Rs 900 crore on Crib’s SaaS platform,” said Shaifali Jain, cofounder, COO and CPO at Crib.Earlier, the company had raised $400,000 (about Rs 2.9 crore) in its pre-seed round led by Pranay Gupta (cofounder, 91Springboard) through his AngelList syndicate 91Ventures.
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