Home rental marketplace ZiffyHomes raises Rs 2 crore

Home rental marketplace ZiffyHomes raises Rs 2 crore
Jan 2018 , by , in Latest News

Home rental marketplace ZiffyHomes has raised Rs 2 crore from a group of angel investors led by Bikky Khosla, chief executive of business-to-business portal Trade India and Anirudh Agarwal, managing director of diversified business conglomerate Shree Sharda Group. The two investors will join the startup’s board, a company statement said.

Others who participated in the round include Ajay Kaul, CEO of Jubilant FoodWorks; Karan Kumar, founder and CEO of Dubai-based investment firm Amalthea Capital, and Mini Monesh, managing director of wellness and spa chain Virgo Wellness, the statement added.

The Gurgaon-based company plans to utilise the capital to expand its infrastructure by building studio apartments, which would cater to a niche segment of executive class accommodation.

Founded in May 2015 by Sanchal Ranjan and Saurabh Kumar, Ziffy Technologies Private Limited lets its users rent or let out homes entirely online without brokerage. It offers ready-to-move-in individual rooms to tenants for long stays without any maintenance worry, the convenience of online rent payment, and the freedom to move across ZiffyHomes’ other homes.

The company is currently present only in Delhi-NCR and is looking to expand to other cities. For homeowners, the company provides a platform to connect with verified tenants and help them earn higher house rental round the year in addition to a trouble-free home rental management solution. It uses an analytics-based algorithm to generate area heat maps providing demand forecast and rentals of prevailing areas for users.

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