Total amount raised
$4.3 Millions
Latest funding date
1/1/2024
Location
Crib has garnered substantial support from over 100 founders, reflecting a robust backing from seasoned entrepreneurs. The platform offers an all-in-one property management solution, integrating operational efficiency, financial oversight, and tenant care.
Continue reading to delve into Crib's funding journey and the investors who believe in its potential to revolutionize property management.
What Is Crib?
Crib, developed by Purple Stack Ventures Private Limited, is an all-in-one property management software designed to streamline operations for property owners, managers, and tenants. The platform integrates operational efficiency, financial oversight, and tenant care into a single, seamless digital ecosystem.
Founded in Bengaluru, Karnataka, Crib operates from its headquarters at 13A, 3rd Floor, 14th Main Rd, Sector 5, HSR Layout. The company has quickly gained traction, serving over 2,000 landlords and managing more than 5,000 properties across 10+ countries.
While specific details about the founders and the number of employees are not readily available, Crib's impact is evident through its extensive reach and the trust it has garnered from leading real estate companies.
How Much Funding Has Crib Raised?
- Pre-seed Round
- Amount Raised: $400K
- Date: January 2022
- Lead Investors: AngelList India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and develop the platform.
- Seed Round
- Amount Raised: $21.6K
- Date: November 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and operations.
- Seed Round
- Amount Raised: $2M
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform's capabilities and market reach.
- Seed Round
- Amount Raised: ₹150M
- Date: June 2023
- Lead Investors: Rebright Partners, We Founder Circle
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To focus on growth and solidify Crib's market position.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling and enhancing the platform's features.
Total Amount Raised: $2.4M + ₹150M + $21.6K
Current Valuation: Not publicly disclosed
Key Investors
- We Founder Circle
- Details: Co-founded by Neeraj Tyagi, We Founder Circle is a network of founders and investors dedicated to supporting early-stage startups. They have a strong focus on fostering entrepreneurship and providing strategic guidance to emerging companies.
- Investment Focus Areas: Startups, Entrepreneurship, Technology
- Notable Investments: Crib, Zypp Electric, MyScoot
- Rebright Partners
- Details: Led by General Partner Brij Singh, Rebright Partners is a venture capital firm that focuses on technology-driven startups. They aim to transform industries through innovative solutions and strategic investments.
- Investment Focus Areas: Real Estate, Technology, SaaS
- Notable Investments: Crib, Money Forward, Sansan
- Paytm
- Details: Founded by Vijay Shekhar Sharma, Paytm is one of India's leading digital payment platforms. The company has expanded its services to include financial services, e-commerce, and more.
- Investment Focus Areas: Fintech, E-commerce, Digital Payments
- Notable Investments: Crib, Zomato, BigBasket
- Cred
- Details: Founded by Kunal Shah, Cred is a platform that rewards users for paying their credit card bills on time. The company aims to improve financial behavior and provide exclusive offers to its members.
- Investment Focus Areas: Fintech, Rewards, Consumer Services
- Notable Investments: Crib, Uni, Jupiter
- Mamaearth
- Details: Co-founded by Ghazal Alagh, Mamaearth is a personal care brand that focuses on natural and toxin-free products. The company has gained popularity for its eco-friendly and safe products for babies and adults.
- Investment Focus Areas: Personal Care, Health, E-commerce
- Notable Investments: Crib, The Derma Co., BBlunt
What's Next for Crib?
Crib's future is brimming with opportunities, particularly in expanding its product offerings and scaling distribution across India. With a solid foundation in over 10 cities and managing up to 100,000 rental units, the potential for growth is immense. The increasing digitalization of the real estate industry and the demand for streamlined property management solutions position Crib to capitalize on these trends.
Future fundraising rounds seem likely, given the strong interest from prominent investors and the company's rapid growth. However, Crib will need to navigate challenges such as competition from other prop-tech startups and maintaining service quality as it scales. Adapting to regulatory changes will also be crucial for sustained success.
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