PropTech startup Crib invests $1 million in Crib Plus to digitize India s student housing and co-living market, serving over 1000 landlords managing 2500 properties and 1,50,000 beds. Founded in 2021, Crib targets an annual rental exceeding Rs 2,500 crores and aims to cater to large-scale student housing and co-living brands. India s residential rental market exceeds USD 20 billion, with the co-living market projected to double by 2024, indicating significant growth potential. Crib has raised over 2M$ from investors like Rebright Partners, PayTM s Vijay Shekhar Sharma, and Cred s Kunal Shah.
Crib s app serves prospective tenants in finding suitable rental options and assists existing tenants in rent payments, issue reporting, and other operational matters.
Startups raised just $103 million across 17 rounds in the last seven days. The funding raised by these companies plunged 85% year-on-year, from the $688 million raised across 45 rounds last year.
Prop-tech start-up Crib raises ₹15-crore in Seed round - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.