GetSetHome, a proptech co-living platform, has made headlines by raising $1 million (Rs 8.3 crore) in a seed funding round from Mistry Ventures. 

As per the startup, the freshly raised funds will be used to expand its presence geographically and improve its technology platform. 

GetSetHome | Co-living Platform for Managed & Shared Rental Solutions

Founded by Junaid Shaikh, Shabnam Kadwani, and Muddassar Virani, GetSetHome is a proptech co-living platform for managed & shared rental solutions. Providing access to good quality shared accommodations for long-term stays, GetSetHome provides a curated range of fully furnished and managed shared homes that cater to the needs of working professionals and students who are house hunting in urban cities. 

Speaking about the development, Junaid Shaikh, Co-founder and Chief Executive Officer of GetSetHome, stated that over the last few years, the founders have used their understanding of the rental ecosystem and demand trends in different micro-markets to develop their tech product. 

Shaikh added that their in-house enterprise resource planning (ERP) solutions leverage artificial intelligence (AI), machine learning (ML), and big data to provide insights on micro market demand and predictive analytics. Their in-house enterprise resource planning (ERP) solutions also provide insights on tenant matching, property management, and risk assessment. 

The proptech platform enables users to browse through its crated homes, take virtual tours, view real photos, and book online, thus eliminating the hassles of house hunting and everyday living.

Proptech Segment in India

This year, several proptech startups raised funds operating in B2B and B2C categories, highlighting the surge in demand post the pandemic. A few weeks ago, Qdesq, a flexible workspace marketplace, raised an undisclosed amount in a fresh funding round to improve its overall team strength and capability, driving growth and scale in both businesses.

Gruhas, a proptech-focused VC firm, led the funding round. Notably, in July, founders of Gruhas, Nikhil Kamath and Abhijeet Pai, collaborated with Collective Artists Network to invest in a fund that aims to empower young business people and startups in the consumer industry. 

In another similar development in space, Crib, a proptech startup that connects landlords, tenants, and entrepreneurs, secured $1.82 million (Rs 15 crore) in a seed round co-led by We Founder Circle and Rebright Partners to expand its product offerings and scale distribution to major pin codes across India.

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