27 July 2016, India :
IAN said in a statement. Square Plums’s founders are professionals with expertise in consumer internet and hospitality industry. The technology built by Square Plums enables users to search for fully furnished homes in locations of their choice, and matches them with other like-minded individuals who can share the home with them.
The funding round has been led by entrepreneurs VGN Prakash, Amitabh Shrivastava, Krishna Jha and Ravindra Krishnappa.
Lead IAN investor VGN Prakash commented on the investment saying, “Square Plums focusses on providing ‘branded’ accommodation which we believe none of the other players in the market is currently providing. The proposition is very interesting targeting the large and upwardly mobile market of bachelors in the metro cities. At IAN, we always look for a product which differentiates from its competitors effectively. Square Plums is well poised to grow in this cluttered yet profitable accommodation segment in India.”
Prakash will be joining the company board. The technology built by Square Plums enables users to search for fully-furnished homes in locations of their choice and matches them with up other like-minded individuals to share their home with.