Total amount raised
$4.3 Million
Latest funding date
1/1/2024
Location
Crib has successfully raised funding over five rounds, backed by a network of 33 investors, including notable names like SN Damani and GI Ventures. The platform offers an all-in-one property management solution, connecting landlords, tenants, and entrepreneurs in a seamless digital ecosystem.
Keep reading to explore the intricacies of Crib's fundraising journey and the investors backing this innovative platform.
What Is Crib?
Crib operates in the mobile apps, property management, real estate, and rental industries. The company is based in Bangalore, Karnataka, India, and employs between 51 to 100 people. It offers a digital ecosystem that connects landlords, tenants, and entrepreneurs.
Founded by Deepak Anand, Bharat Agarwal, Sangeetha Paramsivam, and Somsubhra Pan, Crib provides an all-in-one property management software. The platform is designed to streamline financial, sales, operations, and tenant management, making property management more efficient and user-friendly.
How Much Funding Has Crib Raised?
- Pre-Seed Round
- Amount Raised: USD 400,000
- Date: January 2022
- Lead Investors: AngelList India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build the foundational aspects of the business and support early-stage operations.
- Seed Round
- Amount Raised: USD 21,559
- Date: November 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's initial growth and market entry.
- Seed Round
- Amount Raised: USD 2,000,000
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand market reach.
- Seed Round
- Amount Raised: INR 150,000,000
- Date: June 2023
- Lead Investors: Rebright Partners, We Founder Circle
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale distribution across major pincodes in India.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Lead Investors: SN Damani, GI Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further solidify Crib's market position and drive growth.
Total Amount Raised: USD 2,421,559
Current Valuation: Not publicly disclosed
Key Investors
- We Founder Circle
- Details: We Founder Circle co-led Crib's seed funding round. The organization focuses on early-stage startups and has a history with the founders of Crib.
- Investment Focus Areas: Early-stage startups, technology, SaaS.
- Notable Investments: Not publicly disclosed.
- Rebright Partners
- Details: Rebright Partners co-led Crib's seed funding round. The firm is known for investing in technology interventions in traditional industries like real estate.
- Investment Focus Areas: Technology, real estate, SaaS.
- Notable Investments: Not publicly disclosed.
- Vijay Shekhar Sharma
- Details: Vijay Shekhar Sharma is the founder of PayTM and participated as an individual investor in Crib's seed round.
- Investment Focus Areas: Fintech, technology, consumer technology.
- Notable Investments: PayTM.
- Kunal Shah
- Details: Kunal Shah is the founder of Cred and participated as an individual investor in Crib's seed round.
- Investment Focus Areas: Fintech, consumer technology, SaaS.
- Notable Investments: Cred.
- Ghazal Alagh
- Details: Ghazal Alagh is the co-founder of Mamaearth and participated as an individual investor in Crib's seed round.
- Investment Focus Areas: Consumer goods, technology, SaaS.
- Notable Investments: Mamaearth.
What's Next for Crib?
Crib is poised to capitalize on the burgeoning real estate market in India by expanding its product offerings and scaling distribution across major pincodes. With a presence in over 10 cities and a platform used by more than 500 landlords managing up to 100,000 rental units, the opportunities for growth are substantial. The company aims to enhance its SaaS platform to streamline operations for landlords and provide tenants with a seamless property booking experience.
Future fundraising opportunities appear promising, given the confidence expressed by high-profile investors in the recent seed round. As Crib continues to grow, it may attract further investment to support its expansion and technological advancements. However, the company will need to navigate challenges such as competition from other prop-tech startups, regulatory changes, and the need to maintain service quality while scaling operations.
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