Crib Raises $4 In Its Pre-Seed Round To Create Super Co-Living App

Crib Raises $4 In Its Pre-Seed Round To Create Super Co-Living App

Headquartered in Gurugram, Crib is building India’s first digital ecosystem aimed at redefining how landlords operate, tenants stay and market sells. Through their SaaS-based marketplace model, Crib is creating a full stack solution for co-living including property management software bundled with a reseller platform. Crib will utilise the current raise to build its engineering team, boost product development and onboard the first set of properties from Bangalore, Pune, Hyderabad, Mumbai and Delhi NCR. The twenty four year old serial entrepreneur duo Sunny Garg and Shaifali Jain successfully built the student housing brand YourShell which was later acquired by Stanza Living.

The round additionally saw participation from BlackSoil Capital alongside marquee angels from Faad Network. Other remarkable angel investors are Shashwat Nakrani (Co-founder, BharatPe), Jasminder Singh Gulati (Co-founder, Nowfloats, obtained by Jio), Ajay Yadav (Founder, Roomi), Sarath Sura (Ex-Director, Allahabad Bank), Abdul Paravengal (ex-CBO, Shipper), Rahul Jindal (Director, Google), Uday Arya (Partner, BlueLotus Ventures), Panna Lal Bhansali (ex-President, Guwahati Stock Exchange), Kushal Khandwala (Director, KIFS Housing Finance Ltd.), Tushar Anand (Alkem Pharma Family and Founder, Cheferd Foods) and others. The organization’s lawful counsel Abhay Vohra (Partner, Burgeon Law), CA Anirudh Bagai (Founder, Lawyer2CA) additionally joined the round.

“When it comes to co-living in India, we always think that it’s the tenant who suffers. Being a tenant, a broker and an operator in the past, we learnt that it’s equally challenging for each stakeholder. While running an asset-heavy business in a competitive landscape, operators face multiple operational challenges. With Crib, we will automate their business processes and enable them to acquire, manage and retain tenants digitally,” said Sunny Garg, Co-founder and CEO at Crib.

Sharing the vision of the brand Shaifali Jain, Co-founder and COO at Crib, said, “This time we are here to create a much larger impact. Our mission is to generate value for every stakeholder of this 93 billion dollar industry through technology, standardisation, and overall growth.”

Expressing his faith in the venture, Ankur Bansal, Co-founder at BlackSoil Capital said, “We believe Crib is well positioned to take advantage of adoption technology by SME and individual proprietors especially in the post-COVID era. It’s an industry with many stakeholders and with friction at every interaction which makes it ripe for disruption through use of technology. On the top of it the Founders come with relevant ground level industry experience and deep understanding of problems faced by all participants in the market. We believe It’s a classic case of vertical use of SaaS.”

“Managed real-estate is a big industry in India which still remains largely untouched by the ease that tech provides. We feel Crib can make the job of the owners to manage multiple tenants and multiple properties really simple and ensure that users get a top class experience. Sunny and Shaifali have the experience of running a co-living business and have deep insights about the pains of both; property owners and tenants. Hence, we feel they are best placed to create and sell a product like this,” said Pranay Gupta, Co-founder at 91Springboard.

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Free Xbox Live Gold games for February 2022 have been announced
Free Xbox Live Gold games for February 2022 have been announced
From February 16 to March 15 – Aerial_Knight’s Never Yield (normally $11.99) – Take on the role of Wally, a mysterious character always in motion as you run, ...
Hospitalizations for COVID-19 hit another high in Thursday’s DHHR report
Hospitalizations for COVID-19 hit another high in Thursday’s DHHR report
Thirty-nine of the state’s 55 counties are red on the COVID-19 county alert, meaning the highest transmission rate. That is down from 49 on Monday. “If you are ...
Robinhood says it is in 'strong position' to face unlikely market events
Robinhood says it is in ‘strong position’ to face unlikely market events
Robinhood said in Tuesday’s blog post that its net capital position was $2.8 billion, 21 times what is currently required by the U.S. Securities and Exchange ...
In May, Two Point Campus will be available on PC, consoles, and Xbox Game Pass
In May, Two Point Campus will be available on PC, consoles, and Xbox Game Pass
Players will be in charge of developing campus grounds, buildings and surroundings, and will be able to lay down the likes of dorms, pathways and hedgerows ...
As Ukraine fears fade, Russian ruble rebounds from nearly 15-month low
As Ukraine fears fade, Russian ruble rebounds from nearly 15-month low
The trigger for a sharp rise in the rouble may have been Belarus saying Russian troops would leave its territory once military drills, scheduled to end in ...
Economic indicators flash early warning signal for India's recovery
Union considers ‘ridiculous’ offer of 1% a year salary increase for US refinery workers
“We didn’t work from home during the pandemic. We showed up and kept our facilities running,” the union said in the message, which was seen by Reuters. The ...
In 2022, expect cheaper 5G phones and 200MP cameras thanks to Samsung's record revenue driven by foldables
In 2022, expect cheaper 5G phones and 200MP cameras thanks to Samsung’s record revenue driven by foldables
Buoyed by the holiday sales success of its foldable Fold and Flip phone lines, as well as the Galaxy S series, Samsung notched $24 billion in consolidated ...
In the third quarter, Wockhardt reported a net profit of Rs 1.77 crore
In the third quarter, Wockhardt reported a net profit of Rs 1.77 crore
“The objective of the Issue is to, inter alia, meet the company’s financing needs for repayment of subordinated debt due, financing research and development ...
Nervous markets fold as Powell signals they must go it alone
Powell says the US job market is consistent with maximum employment
“Most FOMC participants agree that labor market conditions are consistent with maximum employment in the sense of the highest level of employment that is ...
Britannia's 3rd Quarter Results |  Net Profit drops 19% to Rs 371 Crore due to higher costs and weak demand
Britannia’s 3rd Quarter Results | Net Profit drops 19% to Rs 371 Crore due to higher costs and weak demand
“We delivered a high single digit volume growth significantly ahead of the market and a resilient double-digit top-line growth of 13%, driven by superlative ...
Show next
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo