How This Startup Is Simplifying The Home Rental Market In India
Uneven distribution of urbanization and employment opportunities is forcing more and more people in their 20s and 30s to remain out of their hometowns and settle in such cities where finding a perfect house on rent is a big pain. And this is a huge one for those who get a little time from their work and want this to be a quick no-nonsense experience.
Fella Homes is a network of branded, ready-to-move-in rental homes trying to make home renting smart, risk-free and affordable so that people living away from their homes can lead a better quality and worry-free life in order to make the most out of their time and money . Started its journey in November 2015, the company has solved the hassle of finding a right place to live of 700+ working professionals.
All Fella Homes are fully equipped with standardized furniture, appliances, and kitchenware and are rented on per bed / per room basis.
The startup takes 2, 3 & 4 BHK houses under management on revenue sharing terms with the homeowners and transforms it as per the Fella standards.
To Tenants, Fella provides a brokerage-free standardized experience of home search, physical visit, comparison, documentation, key-handover, monthly rent collection and service assistance.
To homeowners, Fella provides a Property Management Platform & associated services to eliminate the hassles of brokerage, tenant search & verification, rent collection, key management, maintenance & repairs along with a potential to earn higher rent.
Fella Homes was officially launched in November last year. Founded by a team of IIT Roorkee and Stanford graduates, Fella Homes is headquartered in Gurgaon, with a branch in Noida. It now has a team of 100+ young professionals pushing the limits each day to scale new heights.
Fella Homes Team
Fella has raised $2 million in funding from a pool of investors and currently operates in Gurgaon, Delhi, Noida, Greater Noida, and Ghaziabad with 175+ homes and 700+ happy tenants.
Fella Homes has aggressive expansion plans, and as a part of that, it has recently acquired another startup in similar domain – Noida based www.lifepad.in in July first week.
By the end of 2016, apart from Delhi NCR, the startup plans to be in at-least 3 more cities.
Siddhartha Sarma, a Microsoft Partner and a startup freak. Pursuing his B. Tech. in Instrumentation and Control engineering at University of Petroleum and Energy Studies, Dehradun. He has a great passion towards entrepreneurship and has founded his own startup, Induskul. Apart from writing, he is passionate about computer programing and making new relationship in his professional network.
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