Flatchat raises $2.5 mn from Commonfloor

Bengaluru, June 30 (IANS) 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 ago by Gaurav Munjal and Hemesh Singh, Flatchat enables easy and quick chatting connectivity between a seeker, a prospective owner, and potential flatmates.

With the raised capital, Flatchat aims to make its product team stronger by hiring the best products and engineering talent.

The fund will also be used to scale up operations and establish foothold across the country, especially in cities which have a higher population of students and bachelors, Flatchat said.

“The rentals problem, especially for bachelors and students is a tricky one, and we always believed that the best way to solve the problem is not with having more listings or a better user interface but a behaviour change in the way owners and seekers communicate, real-time,” said Flatchat CEO Gaurav Munjal.

“And that’s how Flatchat came into existence and within six months has seen remarkable growth. Thanks to CommonFloor for believing in us since the inception and for this impetus which will help us take Flatchat to the next level,” he added.

Flatchat has crossed 50,000-plus users across both Android and iOS platforms, with “80 percent of the traffic coming from Android”.

More than 3.5 lakh messages were exchanged on the platform last month and the product has seen a growth of 100 percent month-on-month, the company said.

“This segment has a good growth potential and Flatchat’s unique and technology centric operating model is a differentiating factor which seamlessly connects seekers and owners on a real time basis on a chat based platform,” said CommonFloor.com co-founder and CEO Sumit Jain.

 

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here