Kochi-based startup Livve has raised $1.5 million in seed funding from undisclosed angel traders.
The rental area supplier stated it’s going to use the funds to seek out high quality furnished properties and join tenants and landlords on a standard platform. Livve additionally stated it will likely be doubling its operations and enhancing the standard of the expertise with expertise.
Maya Lakshman, COO of Livve, stated:
“We’re excited to alter the housing ecosystem. With this enhance of motivation, we’re certain to alter the way in which individuals understand rental area until now.”
Began in 2015 in Kochi, Livve claims to supply excessive rental returns for property homeowners, serving to them stabilise their rental revenue. For tenants, the startup affords low deposits and a standardised dwelling expertise. It additionally offers one-month deposit choice to tenants, which can be utilized because the final month’s hire. Livve additionally assures tenants to obtain their full advance on the identical day of vacating the property.
The startup selects properties and improves its interiors and expenses hire as per the situation. It standardises the property with furnishings together with ACs, couch, TV, wardrobe, beds, lighting, and research desk, and solely then it goes dwell on the platform.
When the tenants and the homeowners meet, the hire is mounted, and the property affords all of the furnishings mandatory for a tenant to maneuver in. Based on the startup, its imaginative and prescient is to promote a life-style, each to the homeowners and the tenants.
The corporate, which has a powerful presence in Delhi, NCR, Bengaluru, Pune, Hyderabad, Chennai, and Dubai, had 480 homes on the platform as of Might 2020.
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