Grabhouse
 | |
| Type of business | E-commerce, Real Estate, Classifieds |
|---|---|
| Available in | English |
| Headquarters | Mumbai, India |
| CEO | Prateek Shukla |
| Industry | Real Estate |
| Website | grabhouse |
| Launched | July 2013 |
Grabhouse is a Mumbai-based real estate search portal founded by Pankhuri Shrivastava and Prateek Shukla in July 2013 which allows customers to search for houses, paying guests and apartments based on number of rooms, areas and various other criteria. It raised an undisclosed amount in seed funding from early-stage investment firm India Quotient and MV Krishnan, vice president (corporate treasury sales) at Deutsche Bank.[1] Grabhouse had raised $2 Million in its Series A round led by Kalaari Capital Advisors.[2] It uses an algorithm in its website that matches landlords to renters, much like matrimonial profiles.[3] It has raised $500,000 from its existing investor India Quotient by July 2014.[4] Working on a recommendation basis, a customer can find a house in its website on an urgent basis by paying a fixed nominal fee of ₹999, which also includes the rental agreement fee.[5] Grabhouse told they will start offering legal agreement services to tenants/owners and make hostel registration process online. It has received an undisclosed amount of funding in two rounds and will raise another Rs 100 million in next few months.[6]
Layoff[edit]
Grabhouse laid off more than hundred employees by December 2015. They did it to restructure their business.[7] [8] [9] [10] [11]
References[edit]
- ↑ "Accommodation listing site Grabhouse.com raises seed funding from India Quotient, Deutsche Bank exec". Vccircle. 16 January 2014. Retrieved 16 January 2014.
- ↑ "People Group To Exit Real Estate Portal Makaan.com". Dealcurry. 11 November 2014. Retrieved 11 November 2014.
- ↑ "Home for rent? Bypass the broker". Timesofindia. Aug 18, 2013. Retrieved Aug 18, 2013.
- ↑ "Accommodation listing site Grabhouse.com raises $500K in pre-Series A funding from India Quotient". Vccircle. July 8, 2014. Retrieved July 8, 2014.
- ↑ "Real estate + e-commerce = winning formula". Thehindubusinessline. December 1, 2014. Retrieved December 1, 2014.
- ↑ "Real estate sites helping people find compatible roomates(sic)". Business Standard. April 11, 2014. Retrieved April 11, 2014.
- ↑ "Broker-Free Rental Aggregator Grabhouse Confirms Layoffs". Gadgets360. December 16, 2015.
- ↑ "Grabhouse Lays Off Over 100 Employees As It Restructures Its Business". INC42. December 17, 2015.
- ↑ "Real Estate Aggregator, GrabHouse Laysoff 100 Employees". Nextbigwhat. December 17, 2015.
- ↑ "Grabhouse lays off 100 people as part of restructuring process". Livemint. January 28, 2016.
- ↑ "Grabhouse lays off 100 employees". Business Standard. December 17, 2015.
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