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Grabhouse

Grabhouse

Grabhouse is a Mumbai-based real estate search portal founded by Pankhuri Shrivastava and Prateek Shukla in July 2013 which allows customers to search for houses, paying guests and apartments based on number of rooms, areas and various other criteria.

It raised an undisclosed amount in seed funding from early-stage investment firm India Quotient and MV Krishnan, vice president (corporate treasury sales) at Deutsche Bank. [1] Grabhouse had raised $2 Million in its Series A round led by Kalaari Capital Advisors. [2] It uses an algorithm in its website that matches landlords to renters, much like matrimonial profiles. [3] It has raised $500,000 from its existing investor India Quotient by July 2014. [4] Working on a recommendation basis, a customer can find a house in its website on an urgent basis by paying a fixed nominal fee of ₹999, which also includes the rental agreement fee. [5] Grabhouse told they will start offering legal agreement services to tenants/owners and make hostel registration process online. It has received an undisclosed amount of funding in two rounds and will raise another Rs 100 million in next few months. [6]

Grabhouse
TypeE-commerce, Real Estate, Classifieds
HeadquartersMumbai, India
CEOPrateek Shukla
IndustryReal Estate
Slogan(s)Your broker-free renting buddy
Websitegrabhouse.com
Available inEnglish
LaunchedJuly 2013; 3 years ago(2013-07)

Layoff

Grabhouse laid off more than hundred employees by December 2015.

They did it to restructure their business.

[7] [8] [9] [1] [1]

References

[1]
Citation Linken.wikipedia.orgThe original version of this page is from Wikipedia, you can edit the page right here on Everipedia.Text is available under the Creative Commons Attribution-ShareAlike License.Additional terms may apply.See everipedia.org/everipedia-termsfor further details.Images/media credited individually (click the icon for details).
Jul 22, 2016, 5:37 AM
[2]
Citation Linkvccircle.com"Accommodation listing site Grabhouse.com raises seed funding from India Quotient, Deutsche Bank exec"
Jul 22, 2016, 5:37 AM
[3]
Citation Linkdealcurry.com"People Group To Exit Real Estate Portal Makaan.com"
Jul 22, 2016, 5:37 AM
[4]
Citation Linktimesofindia.indiatimes.com"Home for rent?Bypass the broker"
Jul 22, 2016, 5:37 AM
[5]
Citation Linkvccircle.com"Accommodation listing site Grabhouse.com raises $500K in pre-Series A funding from India Quotient"
Jul 22, 2016, 5:37 AM
[6]
Citation Linkthehindubusinessline.com"Real estate + e-commerce = winning formula"
Jul 22, 2016, 5:37 AM
[7]
Citation Linkbusiness-standard.com"Real estate sites helping people find compatible roomates(sic)"
Jul 22, 2016, 5:37 AM
[8]
Citation Linkgadgets.ndtv.com"Broker-Free Rental Aggregator Grabhouse Confirms Layoffs"
Jul 22, 2016, 5:37 AM
[9]
Citation Linkinc42.com"Grabhouse Lays Off Over 100 Employees As It Restructures Its Business"
Jul 22, 2016, 5:37 AM
[10]
Citation Linknextbigwhat.com"Real Estate Aggregator, GrabHouse Laysoff 100 Employees"
Jul 22, 2016, 5:37 AM
[11]
Citation Linklivemint.com"Grabhouse lays off 100 people as part of restructuring process"
Jul 22, 2016, 5:37 AM
[12]
Citation Linkbusiness-standard.com"Grabhouse lays off 100 employees"
Jul 22, 2016, 5:37 AM