Moving from one city to another or shifting your whole setup from one place to the other, within the city, is as painful as finding the perfect rental apartment in the required budget. In the cities, this painful work starts from going to different brokers offering various awful deals, and in the end, you have to pay a huge amount on brokerage too. Sometimes the place is good but is far from your workplace. Sometimes it has all the facilities but there is a shortage of water. Though many of the online platforms have sorted out this problem through many good deals, still, these platforms are not completely broker-free. Then there comes GrabHouse, which have been built to provide people with the broker-free services, such that to help them find the perfect apartment, as the founder of GrabHouse, Pankhuri Shrivastava, was also a victim of the same.
Early Life
Pankhuri was born and brought in Jhansi. She went to Rajiv Gandhi Technical University, Bhopal, to receive a B.Tech degree. After graduation, this young entrepreneur had two choices, completing higher education, or attending the two years fellowship program with Teach India. Pankhuri went with the fellowship program and started teaching in a municipal school in Mumbai.
Founding GrabHouse
The time Pankhuri was working with Teach India, she moved to Mumbai and her struggle to find the suitable shelter began. In three years of her living in Mumbai, she had moved from over five flats and had gone through bad brokers experiences.
This was the time when Pankhuri realised that there should be a better way to find a suitable home at a suitable price. As she had already paid hefty brokerage amount for the five flats, she had lived in before. She had got fed up of this conventional method of house hunting.
In the end, she came to the conclusion that someone has to create a better platform to avoid those hurdles during the home search, and that someone could be her. So, without waiting anymore, Pankhuri approached another fellow from Teach India fellowship Prateek Shukla, who is an IIT Kanpur pass out and the other co-founder of GrabHouse.
The two started working on the concept and launched GrabHouse, India’s first brokerage free house hunting portal, in 2013. But launching the startup was just not enough, the startup also needed the funding to move further. So the two co-founders participated in a boot camp, organised by India Quotient and the potential of their idea made the company reach to the top 10 companies, that would get the funding.
Finally, the company received its initial funding from India Quotient, and soon other investors were also approaching them. The company managed to raise $12million in Series A funding from Kalahari and Sequoia capital with the help of India Quotient, in 2015. As soon Pankhuri and Prateek started the development and coding process, they decided to move the company to Koramangala, Bangluru, where all other startup companies had established their headquarters.
Reaching out to house owners and heading up as a rival against the conventional broker-based house hunt, was the most challenging task. But yet again Pankhuri found the most convenient way. She used the various Facebook flat finding groups to reach out to people and expand the scope of Grab House.
In the span of two years the company grew to 11 cities and got enlisted among the top five house hunting web portals.
In November 2016, Online classifieds company Quikr acquired Grabhouse in an all-stock deal. Allegedly, Quikr paid a sum of $10 million for the start-up.
Personal Life
Pankhuri is an avid reader and also love writing blogs. Her fellowship with Teach India also turned her into a philanthropist.
Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.