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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. ....
Frontdesk, a prop tech startup, shocked many by firing its entire 200-person workforce in a brief Google Meet call. The CEO cited financial struggles, hinting at a state receivership. Despite $26M funding, their short-term rental model faltered, leading to operational woes. This abrupt move raises concerns about similar firms. The incident echoes a 2022 British company layoff, highlighting challenges in the job market s changing landscape. ....
Frontdesk, a proptech startup operating over 1,000 furnished apartments, laid off its entire workforce of 200 people due to failed attempts at raising ....