Real estate start up gets funding
White Unicorn Ventures, Kae Capital and Mumbai Angels have invested an undisclosed amount in real estate management start-up Azuro.
Azuro will use the funds to expand its operations across Mumbai, and invest further in building the technology. Mumbai-based Azuro, was founded by five IIT Bombay alumni.
“We have seen that across the globe professionally managed home yield better rental value, and create value for all stakeholders. Renting is cheaper than buying, in fact an individual renting a house for 30 years will still be paying only one third of the actual ownership cost in the current interest rate structure. And hence we felt that making an investment in Azuro was the right choice,” Rohit Chokhani, principal founder of White Unicorn Ventures, said.