Grabhouse, a Mumbai-based online roommate search engine, has raised $10 million (Rs 65 crore) in Series B funding from existing investors Kalaari Capital and Sequoia Capital, reports Business Standard. It will use the funds to strengthen its presence in its 11 cities of operation, technology, launch new verticals and services like virtual neighbourhood specialists and PG and apartment categories. Founded in July 2013 by Pankhuri Srivastava and Prateek Shukla, Grabhouse claimed to have daily traffic of about 500,000 visitors largely driven through referrals and word of mouth in January this year. As of now, the Business Standard report states that Grabhouse generates monthly traffic of 4.5 million, while last month its revenues clocked at Rs 50 lakh (~ $77,000). It also claims to have blocked 200,000 brokers on its platform, while also incentivising users who report brokers. Grabhouse makes money by displaying certain details of a house listing and charging the user for the rest of the details, while also charging fees for other services and closing the deal. Early last year, the portal had undergone a makeover and added several features. In January, the company raised $2.5 million in Series A funding from Kalaari Capital and Sequoia Capital, which it would use for developing new products, improve its technology and increase its presence across major cities in India. With the fresh funding, the company has raised over $13 million so far. It had raised $500,000 from India Quotient in July last year, and an undisclosed amount from India Quotient…
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