Company Introduction

The company was founded in November 2014 by Oku Tech , its co-founders Pallav Pandey and Mukul Bhati .

The former graduated from the Indian Institute of Technology (IIT), Kanpur . Before founding FastFox , he also founded Knowlarity Communications , a cloud phone solution service company , and received investment from Sequoia .

Basic Introduction

FastFox is an application-based information exchange platform that helps rental customers find other trusted agents and obtain free housing demand and inventory, so that rental transactions can be completed faster and provide better services to customers. As an O2O agency, they mainly cooperate with other agencies to provide online rental services for residential properties.

Service Status

FastFox 's business is comparable to the domestic "Lianjia". Currently, there are more than 2,500 houses available for immediate rent on its platform. The photos of the houses and surrounding information have been verified. FastFox also provides some other details about the house, such as whether it is suitable for undergraduate students to live in, whether the landlord allows pets, etc. After the user searches for a house on the platform, FastFox will help the user to interview the owner.

As an O2O agency, they mainly cooperate with other agencies to provide online rental services for residential properties. The platform claims to have more than 2,500 properties available for rent. In addition, in order to increase the success rate of leasing, they said that they will only charge customers commissions after the transaction is successful. However, in order to improve the service level, the company said that it will not handle business transactions with house rentals below US$ 200 .

Financing   

In April 2017 , FastFox announced that it had received $ 4.6 million (300 million rupees, about 32.15 million RMB ) in Series A funding. Investors include Lightspeed India Partners , Blume Ventures , CyberAgent Ventures , etc. FastFox previously received $ 1 million in angel round funding from Lightspeed India .

In February 2018 , FastFox received US$ 1.5 million in Series A+ funding from investors including Lightspeed and Blume Ventures . Thanks to this latest funding, they will expand their business to other cities in India.

References

• 1. Why did Alibaba acquire Ele.me for $9.5 billion? Meituan Waimai is worth $20 billion: Tencent [cited on 2018-02-25T16:00:00.000Z]