This latest acquisition has come two months after ZiffyHomes acquired Fella Homes.
Home rental marketplace startup ZiffyHomes announced that it has acquired Nivaasa, a Gurugram-based home rental platform for an undisclosed amount. The acquisition will help Ziffy expand in the premium apartments segment across India.
The acquisition comes two months after the company had acquired competitor Fella Homes, in February, this year. ZiffyHomes had also raised USD$300 in January from a group of angel investors led by Bikky Khosla, chief executive of business-to-business portal Trade India, and Anirudh Agarwal, Managing Director of diversified business conglomerate Shree Sharda Group.
Nivaasa currently operates in Gurugram, Delhi, Mumbai, and Bengaluru. The startup creates its own furnished living spaces and provides a house hunting service to home-seekers looking for rentals in the open market. This apart, it also provides furnished and rental homes to people and allows them to customize the amount of furniture they desired to rent.
Nivaasa was founded in 2016 by Louis Pereira, Reuben Noronha, and Gaurav Sood. Prior to starting Nivaasa, the founders had worked in the consulting industry at Bain & Co., McKinsey & Co, and Essex Lake Group.
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