Bangalore-based startup Flatchat, a mobile only app for students and bachelors to find accommodation and flatmates has raised $2.5 million from CommonFloor.com.
Founded six months back by Gaurav Munjal and Hemesh Singh, Flatchat enables easy and quick chatting connectivity between a seeker, a prospective owner, a tenant to potential flatmates and other seekers. Gaurav’s earlier real estate listing site, Flat.to was acquired by Commonfloor in April 2014.
With the raised capital Flatchat is aiming to make its product team stronger by hiring the best product and engineering talent. The fund will also be used to scale up operations and establishing foothold across the country especially in the cities which have a higher population of students and bachelors.
The company has crossed 50,000+ users across both Android and iOS platforms, with 80% of the traffic coming from Android. Currently, its services are available in Bangalore, Mumbai, Delhi-NCR, Pune, Chennai and Hyderabad.