grabhouse

Realty startup Grabhouse.com has raised US$10 million in Series B round of funding from leading VC firms Sequoia Capital and Kalaari Capital.

The Bangalore-based startup will use the capital to build technology and launch new verticals.

“This latest round of funding adds to Grabhouse’s initial Series A of US$2 million raised from Sequoia and Kalaari back in November 2014,” a spokesperson for Grabhouse, said in a statement.

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Founded in 2013 by Prateek Shukla and Pankhuri Shrivastava, GrabHouse is a rental property listing website for Indian cities.

The broker-free online rental platform claims to have served a million customers till date. The firm has a presence across 11 cities in the country.

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“Business is about bringing the right owner and seeker together, there is a science behind house hunting or renting. Our key differentiator has been and will always be our technology-led approach targeted towards making this online experience hassle-free,” said Pankhuri Shrivastava, Co-founder and CMO, Grabhouse.

The company plans to launch a new line of offerings in the paying guest and apartment category. It is also looking to increase its team size and invest in relevant spaces.

Grabhouse competes with the likes of CommonFloor.comNoBroker.com, MagicBricks.com and 99acres in India.

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