Want a home? Zolostays is the place for you

"We recognised the gap inside the managed low priced dwelling area and the pain factors of humans migrating to bigger towns for higher possibilities, mainly a few of the college students," says Nikhil. Zolo is currently active in Hyderabad, Bangalore, Pune, Delhi, Chennai and Kota, all of that have a excessive density of pupil populace. Founded in 2015, Zolo became the most effective one to offer this type of a service. Of course, over time they've visible an emergence of competition however the founders are unfazed through it. "Being the primary one inside the demographic, it gave us an aspect over those that got here later. We built a trusted emblem and a loyal consumer base which grew in bounds through referral gadget. Also the sector itself is so extensive that regardless of multiple players, our consumer-base is secure," asserts Nikhil. Along along with his co-founders Akhil Sikri and Sneha Choudhry, Nikhil based Zolo with the goal to locate comfortable living without problems through an app. While the preliminary stages of the identical changed into a touch tough as he admits, they speedy was a convenience for those migrating to towns. Nikhil says, "Earlier people were insistent on having a middleman or a physical presence at the same time as attempting to find homes. But the word travelled rapid and so did our recognition. Earlier, students wanted to test out PGs on their personal, but now they believe it sufficient to e-book it at the app right away." Funding become cakewalk for Zolo even as the investment become bootstrap. Nikhil says, "We had been fortunate sufficient to get funded just two months after launching Zolo. We received one Mn USD from Nexus in Equity Funding in 2015 itself. In December 2016, Zolo obtained four Mn USD from Nexus Venture Partners in series A." The reason he believes is the credibility of the founders owing to their qualifications. Nikhil Sikri is a health practitioner by using career who received his MBBS from AIIMS Delhi, Akhil Sikri is an engineer from IIT Delhi with eight years of tech revel in at the same time as Sneha is a gold medalist from IIM Kozhokode. Zolo already flaunts a 10k userbase which is best developing. Their sales comes from the rentals that the customers pay.Nikhil intends to amplify on this region itself for he believes that it's miles a huge demographic that hasn't been absolutely tapped. Dailyhunt http://www.tripntale.com/profile/128414