Crib Secures Rs. 15 Crores in Seed Funding from Paytm, Cred, Mamaearth Founders, and More

• ByStartupStory     |    June 21, 2023

Bangalore-based prop-tech startup Crib has successfully raised Rs. 15 crores in its Seed round, co-led by We Founder Circle and Rebright Partners. The funding round witnessed significant participation from more than 50 renowned founders and tech operators, including Vijay Shekhar Sharma (PayTM), Kunal Shah (Cred), Ghazal Alagh (Mamaearth), and many others. Angel syndicates and funds like Imperier Holdings, FAAD, Rogue Opportunities, Sigurd Ventures, Beej Network, Dream Green Capital Venture, and Supermorpheus Fund also contributed to the funding.

Crib, founded in 2022 by Sunny Garg, Shaifali Jain, and Archit Chauhan, operates as a digital ecosystem that connects landlords, tenants, and entrepreneurs. The startup provides a SaaS-based solution for landlords to streamline their rental housing business operations, while tenants can explore and book properties on their platform, enjoying exclusive discounts.

Speaking about the company’s vision, Sunny Garg, Co-Founder, and CEO of Crib, said, “The real estate as we know it today belongs to the youth, the next generation that will soon be bound to take up the responsibilities of managing and growing their forefather’s investments. We at Crib are building the digital infrastructure to support these upcoming property owners by creating the ultimate property solution.”

Crib has also recently launched the #BeAnEntrepreneur campaign, aiming to foster the spirit of entrepreneurship and self-reliance among students and early working professionals. The campaign offers users the opportunity to earn cash rewards of up to Rs. 2,00,000 by simply referring properties to their contacts, allowing anyone to benefit from the commissions associated with real estate bookings.

Shaifali Jain, Co-founder, COO & CPO at Crib, shared the company’s progress, stating, “Within 12 months of launch, we have built a solid foundation across 10+ cities in India, including Bangalore, Hyderabad, Pune, Chennai, Ahmedabad & Delhi NCR. Currently, over 500 landlords managing up to 1,00,000 rental units are collecting an annual rental revenue of Rs. 900 crores on Crib’s SaaS platform.”

The investors expressed their confidence in Crib’s potential to transform the real estate industry through technology interventions. Neeraj Tyagi, Co-Founder of WeFounderCircle, commended the founders’ expertise and passion, stating, “I have known the founders since 2017 when they were building YourShell. Their professional growth over the past 6 years combined with their persistent passion for the housing industry is a clear sign that they are the best team to crack this market.”

“Real Estate Industry in India has the potential to become more efficient and transparent for all stakeholders through technology interventions. We are backing Crib to transform this Industry by bringing in new products and services for Landlords, Renters, Service Providers and Financing Partners” said Brij Singh, General Partner at Rebright Partners.

With the fresh capital infusion, Crib plans to expand its product offerings and scale distribution to major pin codes across India. The company aims to create a digital infrastructure that supports the next generation of property owners and provides the ultimate property solution.

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