Business Investment Start-up Stories

Coliving marketplace Crib raised $400,000 led by 91 Springboard Cofounder Pranay Gupta

Crib, an upcoming SaaS-based marketplace for co-living, has raised $400,000 in its pre-seed round led by Pranay Gupta (Co-founder, 91Springboard) through his AngelList syndicate 91Ventures. This Gurugram situated company is building a digital ecosystem aiming to reanalyze how landlords operate, tenants stay and market sells. Through their SaaS-based marketplace model, Crib is creating a full stack solution for co-living including property management software bundled with a reseller platform.

“When it comes to co-living in India, we always think that it’s the tenant who suffers. Being a tenant, a broker and an operator in the past, we learnt that it’s equally challenging for each stakeholder. While running an asset-heavy business in a competitive landscape, operators face multiple operational challenges. With Crib, we will automate their business processes and enable them to acquire, manage and retain tenants digitally,” said Sunny Garg, Co-founder and CEO at Crib.

“Managed real-estate is a big industry in India which still remains largely untouched by the ease that tech provides. We feel Crib can make the job of the owners to manage multiple tenants and multiple properties really simple and ensure that users get a top class experience. Sunny and Shaifali have the experience of running a co-living business and have deep insights about the pains of both; property owners and tenants. Hence, we feel they are best placed to create and sell a product like this,” said Pranay Gupta, Co-founder at 91Springboard.

English »