1/4/2024 0 Comments Fastfox reviewsIt is a property management light model, unlike the heavy ones in the market, and will allow customers to manage this remotely without spending a bomb," said Gupta. “The property maintenance process is painful, which is why a lot of houses are also vacant. It seeks to offer end-to-end property management on behalf of landlords, including property review and maintenance. It is targeting a gross contract value of $45 million by the end of the financial year.Īpart from handling the paperwork for its clientele, Fastfox is piloting a monthly subscription-based service to home owners in Gururgam. We will also be hiring across the board, including operations and technology," added Gupta.Īccording to Fastfox, the Indian home rental market is worth $32 billion at the moment and is expected to grow 10-15% year-on-year.Īs it expands to newer geographies, it will be direct competition with SAIF Partners LLC-backed No Broker, which claims to have served 3.5 million customers in Gurugram, Chennai, Bengaluru, Mumbai and Pune.įastfox primarily serves the Gurugram market with gross contract value run rate of $24 million. “Much of the utilization will be for expansion across Tier 1 cities and inventory aggregation. The startup plans to use the capital to expand its services in Delhi, Mumbai and Bengaluru, besides building base in Pune, where it is conducting a pilot. We are looking forward to tap into this prevalent demand and would like to ensure adequate capital before we roll out nationally," said Fastfox chief executive Pallav Pandey. “We are witnessing strong customer adoption of the open house across different segments of our users, including families and bachelors. The shift has contributed to a fourfold growth, the company claimed. We didnt notice any spectacular speed increase, but your experience. The home-rental company had recently adopted an open house model, mostly prevalent in the West, which allowed property seekers to visit listed homes during designated timings, eliminating the need to coordinate with a broker or the home owner. Users with broadband connections will appreciate the prefetching feature, which starts downloading pages before you open them.
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