CommonFloor-backed roommate finder and home rental app, Flatchat has expanded its operations overseas to Singapore. Currently, the service is in beta and users will have to log on this website to get an invite for the service. The company says that it has completely redesigned the service for Singapore and it will be available for the general public from November 2015.
Flatchat said that it chose Singapore for its international expansion as the city has a large number of Indian expats many of whom are students.
CommonFloor had acquired a controlling stake in Flat.to for an undisclosed amount in cash and stock in April last year.Subsequently, Flat.to launched its mobile app called Flatchat in October last year and shut down its website to go mobile only, adopting the Flatchat brand name. At the moment, Flatchat says that it has more than 150,000 users in India.
Flatchat lets potential flatmates and owners connect to each other based on their location and requirement. The platform is broker free, as users connect directly with each other. Note that users can signup and use the apps services only after logging in with their Facebook account. In India, the service is live in Mumbai, Bangalore, Delhi-NCR, Pune, Chennai and Hyderabad. The app is available on iOS and Android operating systems.
Flatchat funding: In July, Flatchat had raised $2.5 million from CommonFloor itself. With the investment, CommonFloor raised its stake in the company. At the time, Flatchat had said it would use the funds for hiring engineers, to scale up operations and expand to other cities.
CommonFloor funding: In January, CommonFloor raised undisclosed amount of investment from Google’s late stage growth fund Google Capital. This was CommonFloor’s third investment round in the past year, which included $30 million from Tiger Global in September last year and Rs 64 crore from Tiger Global and Accel India in January last year.