Azuro.in
End to end tech-enabled real estate asset management solution.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
Azuro.in, operating as Azuro by Square Yards, is a property technology company based in Mumbai, India, that provides end-to-end rental management solutions. The company was founded in 2015 by a team of five IIT Bombay alumni: Altaf Ahmad, Sushant Kumar, Sudhanshu Mishra, Ayush Agrawal, and Vishal Chauthmal. The founders identified significant challenges in the rental market for both tenants and landlords, including issues with security deposits, timely rent payments, and property maintenance, which prompted them to establish a professional property management service.
Azuro's business model is centered on alleviating the logistical and tactical difficulties associated with property rentals for homeowners and providing a seamless experience for tenants. The company caters to property owners by offering a comprehensive suite of services that includes marketing the property across various channels, finding and verifying tenants through background and credit checks, and handling all legal paperwork such as rental agreements. For tenants, Azuro aims to provide dream homes without brokerage fees, along with assistance in paperwork and maintenance. Revenue is generated by charging a service fee to property owners once a tenant occupies the property and a flat fee to tenants based on the property's location and type.
The company's core offering is a technology-driven platform that streamlines the entire rental lifecycle. Key features include automated rent collection with multiple online payment options, periodic property inspections with detailed reports, and on-demand maintenance request handling for both owners and tenants. Azuro also offers a data-driven rent estimation tool to determine optimal rental pricing. A significant milestone for the company occurred in February 2020 when it was acquired by the proptech firm Square Yards. Following the acquisition, the entire Azuro team, including its founders, joined Square Yards, continuing to operate under the Azuro brand but with the backing and expanded resources of the parent company, aiming for both domestic and global expansion.
Keywords: property management, rental management, proptech, tenant screening, rent collection, property maintenance, lease management, real estate services, rental platform, homeowner services, tenant verification, online rent payment, property inspection, legal documentation for rentals, Mumbai real estate, Square Yards, Altaf Ahmad, Sudhanshu Mishra, Ayush Agrawal, Vishal Chauthmal, Sushant Kumar, property technology, rental solutions, tenant background check, automated rentals