Mumbai based real estate listing website Flat.to has raised an undisclosded amount of funding from Aakrit Vaish, Director of Flurry India and an active angel investor and has also officially launched the website after running it in beta phase.
Flat.to has taken a unique approach for online real estate listings market by only solving the problem for college students. It helps students to find accommodation and roommates. The website connects them with agents and owners nearby who specialize in renting out to college students. Agents can list properties on Flat.to by paying a subscription fee and Students can contact them via website or directly.
The company plans to use the raised funds to expand its services all across Mumbai, along-with product building and scaling it. For next few months, it plans to first capture the Mumbai market, and then expand to other towns such as Pune and Bangalore.
As there are thousands of college students who come to Mumbai every year and face problems in finding accomodation, hardly any website offers such services, thus targetting this niche segment adds to the USP of Flat.to and showcases the tremendous market opportunity.
Working with Gaurav Munjal and Flat.to team for over a year, Aakrit Vaish said that the unprecedented demand that the company has seen in its beta phase has validated that there is a need of a product like this in the market and they are excited by the potential it holds.
The company also announced its partnerships with few colleges which include AIESEC Mumbai, NMIMS University and Thadomal Shahani College of Engineering (TSEC).
Launched four months back by Gaurav Munjal, Flat.to is currently an 8 member team and will be looking to expand its team size.