Home rental management startup Zenify.in has secured Rs 4.15 crore in angel funding to expand its operations.
Bengaluru-based Zenify provides end-to-end services to tenants with an option to directly book properties online, which are exclusively available with the platform, along with verification and agreement signing.
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The Indian real estate market is currently at its all time prime. This has made it a highly favourable market to rent rather than invest for the salaried service class people. Seeing this increase in demand, a new rental management company called Zenify.in has entered the market.
Zenify.in is a rental management company which provides seamless rental experience to owners and tenants. From finding a tenant to managing a property to providing assured rentals, Zenify is redefining the way property rentals are managed.
Zenify and the Industry
The online rental market has seen a significant growth over the years. At present, it is estimated to be at a staggering $20 billion. But the industry still requires a holistic and 360 degree approach to take care of tenant’s and owner’s requirements simultaneously without a hassle. The current rental experience to homeowners and tenants is pretty bad leading to multitude of issues. Although many players are trying to address this challenge, Zenify is bridging this gap by providing a comprehensive solution by automating the process of rental management thereby ensuring peace of mind for both owner and tenant.
Zenify, a residential rental management startup has raised an undisclosed amount of sum in an angel round from Atul Jalan and Gana Yantirka Systems. With the newly raised funds, the company is now looking to scale up its operations, enhance its technology and analytic capabilities.
The online rental market is growing at a fast pace but it needs solution that takes care of the owner’s and the tenant’s requirements and make it easy to manage property. Zenify aims to do that.
BENGALURU: Zenify.in has raised an undisclosed amount of angel funding from Atul Jalan of Manthan Systems and Gana Yatrika Systems. Bengaluru-based Zenify offers rental solutions to property owners and tenants.
The funds raised will be used towards scaling up the operations, improving technology and to enhance analytics capabilities. Manthan Systems is Atul Jalan’s fourth venture.
Rental management company, Zenify, has secured angel funding from Manthan systems’ founder, Atul Jalan and Gana Yantrika Systems to scale up its operations, improve technology and enhance analytics capabilities.
Founded in 2012 by three IIT Madras graduates Sudarshan Purohit, Ankur Agarwal and Kailash Rathi, Zenify manages the entire life cycle of a rental agreement. The company leverages its technology, analytics and design to provide a assured rentals and in depth property management services. It registers and takes up properties from landlords and rents it out to the tenants by handling the entire process of managing and maintaining the property and providing assured rentals to owners.
Bangalore, July 15th 2015: Zenify.in, a rental management company has raised angel funding from Atul Jalan & Gana Yantrika systems. Atul Jalan is the CEO and Founder of Manthan systems, Manthan is the fourth successful venture of the serial entrepreneur. Gana Yantrika Systems Pvt Ltd is a privately held company which invests in companies with unique business models and use technology to advance market access.