Rental space startup Livve raised $1.5M in seed spherical from angel investors

Kochi-primarily based startup Livve has raised $1.five million in seed investment from undisclosed angel investors.

The rental space company stated it’ll use the budget to locate excellent furnished houses and join tenants and landlords on a common platform. Livve additionally stated it will be doubling its operations and enhancing the excellent of the enjoy with technology.

Maya Lakshman, COO of Livve, stated:

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“We’re excited to extrade the housing ecosystem. With this raise of motivation, we’re certain to extrade the way people perceive rental space till now.”

Started in 2015 in Kochi, Livve claims to offer excessive condo returns for assets proprietors, supporting them stabilise their rental income. For tenants, the startup gives low deposits and a standardised residing experience. It additionally offers one-month deposit choice to tenants, which can be used as the final month’s lease. Livve additionally assures tenants to get hold of their complete improve on the same day of vacating the assets.

The startup selects houses and improves its interiors and prices rent as according to the location. It standardises the assets with furnishings such as ACs, sofa, TV, wardrobe, beds, lighting, and study table, and only then it is going stay on the platform.

When the tenants and the proprietors meet, the lease is fixed, and the assets gives all the furnishings essential for a tenant to move in. According to the startup, its imaginative and prescient is to promote a lifestyle, each to the proprietors and the tenants.

The company, which has a robust presence in Delhi, NCR, Bengaluru, Pune, Hyderabad, Chennai, and Dubai, had 480 homes on the platform as of May 2020.