YourOwnROOM: Offering strategically located good quality Co-living and Family managed homes
Sachin Joshi, Co - Founder
Prabhat Kumar Tiwary, Founder & CEO
YourOwnROOM is known for offering good quality inventory and thoughtfully strategized locations that appeal to the millennial. While other brands concentrate on increasing inventory, team YourOwnROOM primarily focuses on the quality of property while on boarding. "Apart from the quality of the property, we have a Golden Execution Framework which is a stringent execution framework enabling us to deliver the best quality of products and services. It
What makes the company stand out in the crowd is its proptech platform which includes the Portal and App. "This includes our BAU system to manage Discovery, Tenant and Property Lifecycle, On boarding and Off boarding of properties and tenants Invoice Processing, Reporting and Integrations with Payment Gateways and Google APIs. We provide 100 percent automation of business Process through the use of AI and Machine learning" says Sachin Joshi, Co-Founder & Chief Sales, Marketing and Product Officer.
YourOwnROOM is known for offering good quality inventory and thought fully strategized locations that appeal to the millennial
The concept of YourOwnROOM started taking shape when Prabhat and Sachin came across the awful experiences that their friends and colleagues encountered during the time of their house hunting. This strengthened their drive to help solve this problem of urban living chaos. "We were clear that it was not about buying, selling or listing of real estate but was about optimizing assets and giving more value to home owners while delivering managed co-living homes and family homes to millennial. It is the sheer size of the problem and opportunity to solve the same through technology that inspired us to take the leap,"informs Sachin.
The company has demonstrated operational success in two of the major cities of India Bangalore and Pune and has a great scalability model in place. It has raised $1.3 Mn in Seed funding from a group of investors that includes US based Investment firm Lotus Capital, Ravi Chaturvedi, former President of P& G Narasimha Murthy and a group of high profile Angel Investors based out of US and Bangalore. Ravi Chaturvedi mentor and angel investor, former President, P&G says & Amidst a highly unorganized market, YourOwnROOM's mission is to consistently deliver a delightful customer experience to the renter and build a trusted relationship with the homeowners, thus creating great value for all stake-holders. This for me is a great recipe for building a sustainable and differentiated business in a cluttered space."
The company currently operates in Bangalore and Pune with an inventory of approximately 1,500 beds and further plans to increase this number to about 10,000 beds in the next two years.