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.
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.