Proptech startup Helium raises Rs 5 Cr Angel funding from Kunal Shah, others
Albinder Dhindsa, Kunal Shah, Pankaj Chaddah, Mohit Gupta, Akriti Chopra, Gunjan Patidar, and Nitin Gupta are among the startup founders and operators who have contributed Rs 5 crore to Helium, a residential rental platform that specializes in gated society apartments.
In the upcoming months, the money raised will be utilized to expand throughout Bengaluru and boost supply in gated communities.
The company, which was founded by Ashutosh Tandon and Sahil Ludhani, uses a full-stack rental model. It manages tenant relationships and operations while working directly with homeowners to provide guaranteed rental income.
Helium specializes in gated community apartment onboarding. It asserts that only a small percentage of these residences are listed online, with brokers or offline networks handling the majority of transactions.
Additionally, the company sells a deposit product called Deposit Saver. This enables users to rent homes with deposits as little as one month and connects tenant deposits to credit profiles. Homeowners receive the entire deposit amount, and NBFC partners facilitate the remaining deposit.
About 170 homes have been connected to Helium since its launch in Whitefield approximately six months ago. The average rental cycle is 14 days, according to the report.
