Roommate App Flatchat Gets $2.5M From CommonFloor, One Of India’s Largest …


Looking for a roommate can be a soul-crushing experience, generally if we are new to a city or on a parsimonious budget. Flatchat wants to make a routine a small reduction vapid for renters in India. The mobile-based height recently picked adult $2.5 million in seed appropriation from CommonFloor, one of India’s heading real-estate inventory sites.

Flatchat, that now has about 40 employees, will use a supports to sinecure some-more people for a product and engineering teams, as good as enhance into cities where there are high concentrations of students, singular professionals, and other people who need roommates.

The height is accessible on mobile usually and claims to have racked adult 50,000 users given rising 6 months ago. About 350,000 messages were exchanged by a Android and iOS apps in May.Flatchat

Gaurav Munjal, who founded Flatchat along with Hemesh Singh, says a startup wants to save renters from combing by dozens of listings on mixed sites and profitable attorney fees. Users pointer adult for a app with their Facebook account, emanate a elementary profile, and afterwards filter intensity roommates by area and cost range. All communications are finished by Flatchat’s built-in messaging feature.

“You don’t need to call anyone, we correlate with them by messages. Nobody was targeting this marketplace before,” says Munjal. “We have spin a fastest approach to find a place or roommate.”

For CommonFloor, that is corroborated by Google Capital, Flatchat represents a tactical investment given it covers a demographic that a site doesn’t serve, given it focuses on people who wish to squeeze property. CommonFloor claims to be India’s largest real-estate listings portal, yet competitors embody SoftBank-backed Housing.com and 99acres.com.

By operative with Flatchat, CommonFloor has a interest in a new marketplace and can also potentially keep renters as users once they are prepared to buy their possess homes. In turn, Flatchat gets entrance to CommonFloor’s data, that helps them pinpoint what cities to aim next.

Featured Image: Kunal Mehta/Shutterstock

Posted in Real Estate News |

Bank of America to Pay $30 Million, Fix Violations on Servicemembers’ Accounts

Bank of America Corp. has concluded to compensate a $30 million polite chastisement and scold violations on about 73,000 accounts of U.S. troops members. The bank is one of several institutional companies that concluded to examination their annals to brand borrowers who were authorised for additional protections underneath a Servicemembers Civil Relief Act. …

Posted in Estate classified news |

Wells Fargo’s Stumpf Says Bank May Finance Other GE Deals

Wells Fargo Co. Chief John Stumpf pronounced a bank might financial other General Electric Co. deals as they unfold, though he wouldn’t make any predictions during a financial discussion Friday about either a bank would be a buyer. Mr. Stumpf, authority and arch executive of a bank, pronounced any deals could still be a “long way” off. Wells Fargo recently announced the skeleton to squeeze $9 billion in skill loans from GE alongside…

Posted in Estate classified news |

Wells Fargo’s Stumpf Says Bank May Finance Other GE Deals

Wells Fargo Co. Chief John Stumpf pronounced a bank might financial other General Electric Co. deals as they unfold, though he wouldn’t make any predictions during a financial discussion Friday about either a bank would be a buyer. Mr. Stumpf, authority and arch executive of a bank, pronounced any deals could still be a “long way” off. Wells Fargo recently announced the skeleton to squeeze $9 billion in skill loans from GE alongside…

Posted in Estate classified news |

Unseen Stashing Pays Off for Metal Traders

HONG KONG—Global line traders are seeking new places in Asia to store billions of dollars value of metals in a bid to expostulate down costs—a trend that also helps revoke inspection of their positions in a market. Traders who routinely make income as middlemen shipping line around a universe are increasingly changeable their metals land from London Metal Exchange-approved warehouses to cheaper, reduction well-documented locations,…

Posted in Estate classified news |

Mobile-first, genuine estate marketplace, Zillion Dreams reaches 50 Indian cities …

Zillion Dreams is a mobile-first, self-regulated genuine estate marketplace. It gives genuine estate buyers, sellers, agents and builders a height to bond and discuss anonymously. Through a app, users can buy or sell properties, post a prosaic for sale, find an unit to rent, buy a new property, name a PG or hostel, and demeanour adult new projects, etc. Users can also mention what they are looking for and ask bids. The initial team The startup has achieved a vicious volume of brokers in a NCR region, and is in a routine of achieving a same in 12 vital cities opposite India. They explain to have grown by 100% – … Continue reading

Posted in Real Estate News |

Michael Jackson’s Onetime Neverland Lists for $100 Million

The California plantation once famous as Neverland and owned by late cocktail star Michael Jackson is going on a marketplace for $100 million. The Los Olivos property, about 40 miles from Santa Barbara, is now called “Sycamore Valley Ranch,” pronounced Suzanne Perkins of Sotheby’s International Realty, who shares a inventory with Harry Kolb of Sotheby’s and Jeffrey Hyland of Hilton Hyland. The entertainment park rides are gone, a agents said, as are a orangutans and elephant, yet there is now a llama on a property. The…

Posted in Estate classified news |

Teck’s Cuts Won’t Fire Up Coal Prices

The coking spark face only cracked. But it will take some-more than Teck Resources’ proxy shutdown during 6 Canadian mines to repair what ails a tellurian marketplace for spark used to make steel. Coking coal, like associate steel part iron ore, faces ongoing oversupply. A few years ago, coking spark sole for some-more than $300 a metric ton on a…

Posted in Estate classified news |

Two Indian cricketers and one West Indian bribed by genuine estate tycoon, tweets …

Controversial former IPL commissioner Lalit Modi has purported that dual heading Indian cricketers and a West Indian actor had been bribed by an Indian genuine estate tycoon, who is also a bookmaker. London-based Modi tweeted a minute he claims to have created to International Cricket Council arch executive Dave Richardson in Jun 2013, flitting on “some information that we have only got”. He told Richardson that he could pass a same to a anti-corruption and confidence section of a ICC if he suspicion so fit. Modi afterwards went on to name a 3 players, who he claims were in tighten hit with a genuine estate aristocrat who was also named … Continue reading

Posted in Real Estate News |

Thinking of Buying a Home Abroad?

A clever dollar is creation shopping a residence abroad some-more affordable than it used to be for many Americans. But other complications could make buyers conclude a amenities of home, experts say. Make certain we investigate a marketplace that interests we delicately before buying. The series of U.S. buyers acid for homes abroad has risen about…

Posted in Estate classified news |