Zenify.in, a technology startup, has raised an undisclosed amount of angel funding from Atul Jalan of Manthan Systems and Gana Yatrika Systems. Bengaluru-based Zenify offers rental solutions to property owners and tenants.
The funds raised will be used towards scaling up the operations, improving technology and to enhance analytics capabilities. Manthan Systems is Atul Jalan’s fourth l venture.
Founded in 2012 by three IIT Madras graduates Sudarshan Purohit, Ankur Agarwal and Kailash Rathi, Zenify.in manages the entire life cycle of a rental agreement. It takes up properties from landlords and rents it out to tenants. The company manages 1,500 residential properties in Bangalore which fetch monthly rentals starting from Rs 15,000 to Rs 45,000.
“The current rental market size is approximately $20 billion in India in cities. There is a growing demand for organised property management services in metros,” said Atul Jalan.
“Zenify, with its dynamic ideas and unique offering is catering to this demand to a great extent. The company has the potential to scale up higher and reach out to a wider audience,” he added.
“We are an analytics driven company and the support from Atul and Anant, stalwarts in the field of analytics, will help us scale up as we target to cover all metros in three to five years,” said Purohit, co-founder and CEO of Zenify.