Accomodation Listing Service Grabhouse Raises Seed Funding From India Quotient
Online accommodation listing service, Grabhouse, has raised seed funding from India Quotient and MV Krishnan of Deutsche Bank.
This is the startup’s second round of funding. The portal which had launched its website in July 2013, had raised initial capital from RB Partners’ Chetan Bohra and Navin Ranka.
This new round of funding was closed in November 2013.
The startup intends to use the newly raised funds to improve its infrastructure and for developing new features. The new features have been planned to be launched in Pune this February.
The portal has also launched an upgraded version of the website with features that incorporate social media to help people find roommates or houses.
Grabhouse has had more than 1,100 roomseeker profiles created and over 500 listings for roommates/houses since its inception. The platform also has an android mobile app to access the listing service. The service currently only lists accommodation available in Mumbai.
The service, incubated by the India Quotient boot camp, was co-founded by Prateek Shukla and Pankhuri Shrivastava. Mentors to the startup include India Quotient’s Anand Lunia and Madhukar Sinha, Matrix Partners’ Tarun Davda and Instamojo founder Sampad Swain.