The newly raised capital will utilise to strengthen its presence in existing cities, build technology capability and launch new verticals.
Grabhouse plans to launch a new line of offering in the PG and Apartment category, also increasing the headcount and investing in relevant spaces.
Pankhuri Shrivastava, CMO & co-founder of Grabhouse said, “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-lead approach targeted towards making this online experience hassle-free. The newer version will be a virtual assistant, which Grabhouse claims should be working at par with Siri or Google Now. We are confident that this infusion will help us realise our goals faster and increase our presence.”
The company has witnessed an earning of above $76,000 (INR 50 lakhs) from consulting services like neighbourhood specialists and lead generation, in past one month.
Incepted in 2013 by Prateek Shukla and Pankhuri Shrivastava, Grabhouse.com is a community-based online exchange for finding rented accommodation which offers a broker-free and transparent experience to house hunters seeking rented or shared accommodation.