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.
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.
“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.
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