Airattix, a Pune-based platform facilitating the renting of storage and parking spaces, has successfully secured Rs 2.30 crore in a pre-Series A funding round.
This round of funding attracted support from several angel investors based in India and the United States.
The primary goal behind this substantial investment, according to the startup’s founder Aditya Kale, is to fuel the company’s expansion plans and recruit talented professionals for their offices across India.
Established in 2020 by Aditya Kale, Airattix operates as a marketplace where individuals can lease out their vacant spaces for storing goods or parking cars to generate rental income. Currently boasting a user base of 25,000, the platform operates across approximately 15 cities in India.
Airattix serves as an aggregator for unused spaces, allowing users to list a diverse range of areas such as garages, warehouses, spare rooms, basements, attics, or other secure locations for storage or parking purposes. However, the platform explicitly states that it does not take responsibility for the quality of services provided by hosts or the conduct of customers.
The platform offers a minimum booking duration of 30 days for goods storage, whereas parking spaces can be rented daily. Hosts receive monthly rent payments for agreements lasting more than a month, while the full payment for shorter durations is remitted to the host at the time of booking.
Aditya Kale emphasized,
“With this funding, our goal is to broaden our footprint and assemble dedicated teams to serve each market.”
Airattix’s success in securing this funding underscores its ambition to transform the way individuals utilize and monetize their unused spaces for storage and parking, simplifying the process for both hosts and customers alike.