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Oct, 01 2018

Reniso looks to raise up to $5 million to expand property management business

The company plans to expand business in Mumbai, Bengaluru, Hyderabad and Pune markets over the next one year.

Reniso, a property management startup, is planning to raise up to $5 million for technology and business development, and to expand operations into new cities. 

Reniso provides services ranging from property monitoring, leasing, maintenance, renovation, sale/purchase, loan-insurance services to legal and advisory assistance enabled by its technology applications. 

Founded in 2017 by two IIM alumni, the startup is currently managing about 750 properties across Delhi-NCR. It is looking to reach 10,000 assets by 2019.

The company plans to expand business in Mumbai, Bengaluru, Hyderabad and Pune markets over the next one year. 

Nishit Sharma, Founder of Reniso, said, "We raised seed funding last year from high net worth individuals. We are now looking to raise $3-5 million in the current round of fund raise that would be deployed in tech and platform development, business development and marketing, and operations and geographical expansion." 

Alok Srivastava, other Founder of Reniso, stated, "We are an end-to-end property management firm which solves the various complex challenges faced by property-owners in managing their property investments due to lack of proximity, time or expertise." 

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