News

Crib raises Rs 15 cr in its seed round from founders of Paytm, Cred, Mamaearth and others

Bangalore, June 22, 2023: Bangalore based prop-tech startup Crib raises Rs. 15 crores in its Seed round co-led by We Founder Circle and Rebright Partners

The round saw participation from 50+ founders and tech operators like Vijay Shekhar Sharma (PayTM), Kunal Shah (Cred), Ghazal Alagh (Mamaearth), Ramakant Sharma (Livspace), Sandeep Aggarwal (Droom, ShopClues), Ravi Bhushan (BrightChamps, Housing), Ankur Aggarwal (Dunzo) along with various angel syndicates and funds like Imperier Holdings, FAAD, Rogue Opportunities, Sigurd Ventures, Beej Network, Dream Green Capital Venture, Supermorpheus Fund etc.

Founded in 2022 by Sunny Garg, Shaifali Jain and Archit Chauhan, Crib is a digital ecosystem that connects landlords, tenants and entrepreneurs. For landlords, Crib offers a SaaS based solution that drives operational excellence, streamlines finances and boosts sales making it a go-to platform for rental housing business owners. For tenants, Crib offers a new-age platform to explore and book properties while enjoying exclusive discounts.

“The real-estate as we know it today, belongs to the youth, the next generation that will soon be bound to take up the responsibilities of managing and growing their forefather’s investments. We at Crib are building the digital infrastructure to support these upcoming property owners by creating the ultimate property solution.” said Sunny Garg, Co-Founder & CEO at Crib.

Crib has recently announced its #BeAnEntrepreneur campaign with the intent to foster the spirit of entrepreneurship and self-reliance amongst students and early working professionals. This campaign empowers users to earn cash upto Rs. 2,00,000 by simply referring properties to their contacts. Now anyone and everyone can enjoy the hefty commissions that come with real-estate bookings.

“Within 12 months of launch, we have built a solid foundation across 10+ cities in India including Bangalore, Hyderabad, Pune, Chennai, Ahmedabad & Delhi NCR. At present, over 500 landlords managing upto 1,00,000 rental units are collecting an annual rental revenue of Rs. 900 cr. on Crib’s SaaS platform.” told Shaifali Jain, Co-founder, COO & CPO at Crib.

“I have known the founders since 2017 when they were building YourShell, their professional growth over the past 6 years combined with their persistent passion for the housing industry is a clear sign that they are the best team to crack this market.” said Neeraj Tyagi, Co-Founder WeFounderCircle.

“Real Estate Industry in India has the potential to become more efficient and transparent for all stakeholders through technology interventions. We are backing Crib to transform this Industry by bringing in new products and services for Landlords, Renters, Service Providers and Financing Partners” said Brij Singh, General Partner at Rebright Partners.

The company plans to use the funds to expand its product offerings, and scale distribution to all major pincodes in India.