Flat.to comes out of beta, Announces angel investment from Aakrit Vaish
Flat.to is a Mumbai based real estate listings website that helps college students find accommodation around colleges by connecting them with real estate agents and flat owners. Founded by Gaurav Munjal, the website was lunched earlier this year and has already helped a few hundred students to find accommodation and roommates. The company has now come out of beta. Flat.to has also announced an investment from Director of Flurry India, Aakrit Vaish (previously invested in BookAdSpace).
Gaurav Munjal graduated from NMIMS in 2012 and came up with the idea after facing problem finding accommodation around college. Gaurav previously used to run Unacademy and has also worked with Directi. Gaurav came in touch with Aakrit Vaish around a year ago and Aakrit came on as the Chairman of the board.
There are many real estate listing sites but Flat.to is taking a niche approach by only solving the problem for college students. Students can find accommodation and roommates by searching for their college, and the site connects them with agents and owners nearby who specialize in renting out to college students.
On the agent side, the company has seen great response by signing up a handful of paying brokers even before launch. (e.g. Sainath Estate, an active real estate agent specializing in college students in the Juhu Vile Parle area in Mumbai.)
“We have seen overwhelming response from both students and agents”, says Munjal, who was the Chairperson of Association for Computing Machinery at MPSTME college during his time there. “Plan for the next few months is to capture the Mumbai market, and then go to other college towns such as Pune and Bangalore.”
“The market is begging for a product like this, and that has further been validated by the unprecedented demand we have seen in our beta phase”, says Aakrit, who moved from San Francisco to Mumbai in 2011 to start Flurry India. “We are very excited by the potential this holds, and look forward to the journey ahead.”
As part of the launch, the company is also announcing partnerships with AIESEC Mumbai, NMIMS University and Thadomal Shahani College of Engineering (TSEC). AIESEC is an international non-profit organization that provides students with leadership skills and internship opportunities.
Gaurav and his team of 6 are based in Mumbai and are actively looking to hire in all positions including Sales, Engineering and Marketing.