Rental space

Rental space startup Livvehomes has raised $5 million

Finance Startup

Kochi-based rental space startup Livvehomes with respect to Thursday said it has raised $5 million (about ₹36 crores) from private backers in the second financing round.

The startup offers online store and payment platforms for proprietors just as for inhabitants.

The five-year-old Livvehomes had recently raised $1.5 million and the most recent round takes its all-out outer money to $6.5 million to date.

Livvehomes takes up empty and semi-outfitted homes from the proprietors, outfits them and afterwards leases them to occupants with no stores. This builds the estimation of the property separated from giving both the proprietors and inhabitants a free from any and all harm stage to execute on.

Inhabitants have furnished a zero store model with a superior living involvement with completely redesigned houses with furniture, style and apparatuses. Then again it likewise guarantees that the inhabitants don’t get bugged for their stores when they empty through the store free model.

The organization has more than 4,800 properties across Delhi/NCR, Bengaluru, Pune, Dubai and different locales.

“Our goal is to change how individuals see rental space. The asset will be utilized to redesign an ever-increasing number of homes and make them an absolutely practical, wonderful living space,” Chief Operating Officer Mayya Lakshman said.

As of now we have redesigned more than 4,500 houses and we are anticipating making in any event 12,000 houses before the year’s over, she said.

Lakshman additionally said they will before long beginning furnishings and insides display areas in Pune, Bengaluru, Delhi-NCR, Hyderabad, and Chennai which will basically be utilized at those homes redesigned by it.