The Coliving Marketplace Crib raised $ 4,000,000 to help expand their business

The Coliving Marketplace Crib raised $ 4,000,000 to help expand their business

Crib, based in Gurugram, is creating a digital ecosystem aimed at changing the way landlords operate, tenants remain, and real estate is sold. Crib, a co-living marketplace, announced on Monday that it had raised $400,000 (about Rs 2.9 crore) to expand its operations. Pranay Gupta (Co-founder, 91Springboard) led the pre-seed funding round through his AngelList syndicate. Blackpool Capital, as well as other angel investors, took part in the round. Crib, based in Gurugram, is creating a digital ecosystem aimed at changing the way landlords operate, tenants remain, and real estate is sold.

India’s first flying taxi startup ‘The ePlane Company’, which plans to launch electric planes for intra-city travel, announced on January 10 that it has raised $5 million in pre-series A funding led by hard-tech venture capitalists Speciale Invest and clean mobility fund Miceli. Vishesh Rajaram, Managing Partner, Speciale Invest, said: “The plane Company is one of the unique companies with the vision to create technology that will make India self-sufficient. We at Speciale Invest are fortunate to be associated with them. It aligns with our vision of backing disruptive companies solving global problems via tech innovations very well. With this round, they are well on their way to making regional aerial transportation a reality. All the very best to them.”

Through their SaaS-based marketplace model, Crib is creating a full-stack solution for co-living including property management software bundled with a reseller platform. “Crib will utilize the current raise to build its engineering team, boost product development, and onboard the first set of properties from Bangalore, Pune, Hyderabad, Mumbai, and Delhi NCR,” the company said in a statement. Sunny Garg and Shaifali Jain are the co-founders of Crib. They successfully built the student housing brand YourShell, which was later acquired by Stanza Living.

The consortium of investors who participated in this round of funding for the Chennai-based startup included Naval Ravikant, 3one4 Capital, UTEC (University of Tokyo Edge Capital), Anicut Capital, Infoedge, Prashant Pitti (co-founder of Easemytrip), Thought Ventures, Java Capital, and Firstcheque.vc. The e-plane start-up, which was co-founded by Aerospace Engineering professor Satya Chakravarthy and his student, IIT Madras graduate Pranjal Mehta, in 2017, had raised $1 million in March last year. The company has already flown a lab-scale prototype of the electric flying taxi, e200, which they claim can cut down travel time for door-to-door commute in cities greatly at just 1.5 times the fare of regular taxis.

According to The plane Company, the “world’s most compact flying taxi” could help reduce congestion on roads and emissions from ground transport while lowering the risk of road accidents by enabling short-range commute of passengers and cargo by air. The new funds raised by the deep-tech startup will be used to make investments in product development, increase its engineering bandwidth, local certification capability, and the number of prototypes. The company said in a statement: “The fresh lease of funds would help bolster the hiring of top-tier talent, advance R&D, and continue to gain airworthiness provision and initiate certification”. “Our product will not have any dedicated infrastructure requirements and can make the city commute ten times faster at just 1.5 times the taxi fare,” said, Pranjal Mehta, the Co-founder, The ePlane Company, said.

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