Crib raises seed round from founders of Paytm, CRED, Mamaearth, and others

Proptech startup Crib has raised Rs 15 crore in its Seed round co-led by We Founder Circle and Rebright Partners.

The round saw participation from more than 50 founders like Vijay Shekhar Sharma, Kunal Shah, Ghazal Alagh, Ramakant Sharma, Sandeep Aggarwal, Ravi Bhushan, Ankur Aggarwal along with various angel syndicates and funds like Imperier Holdings, FAAD, Rogue Opportunities, Sigurd Ventures, Beej Network, Dream Green Capital Venture, and Supermorpheus Fund.

The company plans to use the funds to expand its product offerings, and scale distribution to all major pincodes in India.

Crib offers tenant onboarding and offboarding, staff management, complaint management (view, assign, and close), collections (auto-reminders, auto-receipts, dues creation), payments, inventory management, and more.

Also Read: Crib makes it easier for landlords to manage day-to-day operations, finances

For landlords, Crib offers a SaaS based solution that drives operational excellence, streamlines finances and boosts sales making it a go-to platform for rental housing business owners. For tenants, it offers a new-age platform to explore and book properties while enjoying exclusive discounts.

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

Founded in 2022 by Sunny Garg, Jain and Archit Chauhan,  Crib raised $400,000 in a pre-seed funding round in January last year.