Based out of Noida, FlatMate.in was started in 2015. FlatMate.in is the first platform that helps its customers to search shared rooms/apartments based on common liking & interests and not just based on usual factors like location and price range.
In other words, It focus on the relationship between potential roommates. A study shows if you share an apartment with a compatible roommate then chances are higher that you would stay longer with each other and will become friends for life.
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FlatMate.in is a bootstrapped company that survives on its own earnings from transactions without any venture capital and has been profitable since its first financial year. The company serves as a wonderful example of how a great idea can help in filling up a huge gap in the market and contribute towards the creation of a successful homegrown brand. With FlatMate.in expanding its footprint across several new cities and towns this year, more people can now look forward to availing of its services and finding PGs and roommates more easily.
With its premium subscription concept, FlatMate.in created the first social networking site for people to locate a roommate. In addition to sharing images and asking personal questions on their profile pages, members can match based on recommendations from friends. A messaging system allows users to effortlessly engage with other members, fostering a truly social environment.
For users who are unable to buy their premium plans, they have developed magnificent networks of Facebook groups with the names Flat and Flatmates for each major city. They provide services to at least 8–10 million users via their Facebook groups.
Due to the significant financial impact that COVID had on many people. So during this pause period, FlatMate.in made strategies to enhance the user experience and smoothen the process of finding living space. One of such was collaboration with financial institutions like Eqaro Surety where they offer rooms with Zero security deposit. Security deposit is one of the major challenges in cities like Bengaluru or Mumbai, which is a one year rental amount. FlatMate.in users found Zero Security deposit a great assistance.
FlatMate.in has grown at a very good pace in these seven years. Last two years were very crucial due to COVID and Post Covid. Based on learning in the last two years as well as to make a single stop platform for people who are looking for shared accommodations and residential rentals. The founder, along with the rest of the team at FlatMate.in, have lots of exciting plans for 2023 and almost all will be executed this year only. Among other things, the company plans to launch a bunch of must-have services including furniture for rent and making the process of putting together rent agreements more convenient.
“We are excited to offer a one-stop-shop for individuals looking for shared housing. Our user base has increased by more than 75% in the last year which is a big positive sign that our app
and solutions are being accepted and appreciated by the users. This motivates me and the team to try to keep on adding value-added features in the app for the benefit of people looking for roommates and FlatMate across all major cities in India. We now provide our consumers assistance with the post-shift phase in addition to renting out rooms. Services like E-stamp rent agreement, furniture on rent are among the top services that are being used by our users., says Sukhbir Singh, CEO of FlatMate.in.
“This year, we plan to serve more than 1 million users mainly in Tier 2 cities and new cities which are becoming new IT/Business hubs across India. At the moment, the services of FlatMate.in can be availed of at several major cities in India like Delhi, Mumbai, Bangalore, Noida, Pune, Hyderabad, Ahmedabad, Gurgaon, Jaipur, Kolkata, Chennai and Chandigarh. We are expanding our footprint in a big way and will be available to cater to people based in several cities and towns in the country. We will also be helping owners to find tenants for their properties”, says Mayank Badhani, CMO of FlatMate.in
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