Flatchat, a mobile only app for students and bachelors to find
accommodation and flatmates has raised 2.5M$ from CommonFloor.com. Founded six
months back by Gaurav Munjal and Hemesh Singh,Flatchat enables easy and quick
chatting connectivity between a seeker, a prospective owner, a tenant to
potential flatmates and other seekers.
With the raised capital Flatchat is aiming to make its
product team stronger by hiring the best product and engineering talent. The
fund will also be used to scale up operations and establishing foothold across
the country especially in the cities which have a higher population of students
and bachelors.
Commenting on the big leap by the company, Gaurav
Munjal, CEO, Flatchat says“The rentals problem especially for
bachelors and students is a tricky one, and we always believed that the best
way to solve the problem is not with having more listings or a better UI but a
behaviour change in the way owners and seekers communicate, real-time. And
that’s how Flatchat came into existence and within six months has seen a
remarkable growth, thanks to CommonFloor for believing in us since the
inception and for this impetus which will help us take Flatchat to the next
level.”
Sumit Jain, Co-Founder &
CEO, CommonFloor.com, commented, “We are excited to support
Flatchat team in their endeavour to simplify the students & bachelors'
accommodation concerns in the country. This segment has a good growth potential
and Flatchat’s unique and technology centric operating model is a differentiating
factor which seamlessly connects seekers and owners on a real time basis on a
chat based platform.”
Flatchat has crossed 50,000+ users across both Android
and iOS platforms, with 80% of the traffic coming from Android. More than
350,000 messages were exchanged on the platform last month and the product has
seen a growth of 100% MOM. On Google Playstore, standing at a rating of 4.5,
Flatchat is the highest rated rentals app, with over 1100 ratings.
About CommonFloor.com
Launched in 2007 by Sumit Jain,
Lalit Mangal and Vikas Malpani, CommonFloor.com, is India’s leading real
estate platform that combines property search, apartment management and vendor
management and caters to a person’s complete residential requirements.
From searching for an apartment
to facilitating interactions within an apartment community on the
‘CommonFloor’ platform, to connecting one to relevant service
providers, the platform is dedicated to meeting all aspects of consumers’
needs around their home. With over 5 lakh active property listings from over
200 cities, it has over 1 lakh residential projects listed with it.
CommonFloor.com has been funded by Accel Partners, Tiger Global and Google
Capital.
To know more about
CommonFloor.com, please visit: http://www.commonfloor.com/
About Flatchat
Flatchat connects potential
flatmates, prospective owners and seekers to group together by providing
matches based on location and requirement. An accommodation assistant is also
present to help with queries and in solving issues, if any.
Flatchat is a broker free
platform which aims at connecting you with Flats (owners) and Flatmates without
having to go through Brokers. Flatchat helps you with accommodation services in
Bangalore, Mumbai, Delhi-NCR, Pune, Chennai and Hyderabad.
When you share a flat, the most
important thing is with “whom” you are going to share it with. All
you need is a Facebook profile to get started. Flatchat then shows you matches
according to your needs. You can chat with these matches and take it ahead, and
voila! Your accommodation worries are taken care of. Download Flatchat at http://flatchat.com
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