Hyderabad based Isthara Coliving acquires software engineering firm LetsMobility
- ByTejika Bajaj | January 26, 2022
Hyderabad based Isthara Coliving has recently acquired the software product engineering firm Letsmobility for an undisclosed amount. The recent acquisition has been made in an attempt to digitlise operations and introduce advanced tech solutions within the fragmented coliving industry
Talking about the recent acquisition and the way forward, the co-founder of Letsmobility, Gaurav Sharma exclaimed, “At Letsmobility, we have always aimed to engineer high-impact tech solutions, accelerate growth and add tremendous value to brands in a rapidly changing ecosystem. By joining forces with Isthara, the products we develop will be in better use and will solve real world problems on a larger-scale.”
Following this acquisition, the co-living solutions provider will merge its core technology with that of Letsmobility in an attempt to develop Framework 2.0 which in turn will enhance the digital interface of the former’s customer facing applications.
“The coliving sector and institutional cafeteria segment are highly fragmented, and customers are usually subject to several difficulties that arise due to the lack of a real-time and efficient technological solutions platform,” Isthara’s Executive Director Ligouri Godwin said. “The acquisition of Letsmobility will address this gap, with their disruptive platform and expertise in delivering effective tech solutions, which will add significant value to Isthara’s capabilities and offer a more complete service for the digital transformation of both verticals.”
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