Azuro.in

Azuro. in is a specialized rental marketplace that connects individuals and families with verified listings for residential properties, including apartments and commercial spaces, enhancing the house-hunting experience. Founded in 2015, Azuro. in is based in Mumbai, India and operates as a rental marketplace focused on providing verified property listings.

The company has executed a total of 5 deals, with its most recent deal occurring on February 6, 2020, when it was acquired by Square Yards Consulting Private Limited. The founding team comprises Altaf Ahmad, Ayush Agrawal, Sudhanshu Mishra, Sushant Kumar, and Vishal Chauthmal. The company has raised a total of INR 10. 510 mn in funding, with the latest round attracting investments from Kae Capital and Kalysta Capital, establishing a current valuation of INR 218.

722 mn. Azuro operates primarily as a comprehensive rental marketplace focusing on verified rental listings, catering to individuals and families seeking residential properties. Their core offerings include a wide array of semi-furnished and furnished apartment rentals, independent houses, villas, and commercial spaces. By employing sophisticated filtering options, users can seamlessly navigate through listings that align with their preferences in vibrant neighborhoods across cities such as Pune, Mumbai, Delhi, and Bangalore.

The platform serves a diverse clientele, including young professionals, families, and expatriates, providing tailored solutions that address varying housing needs. Azuro’s services also extend into international markets such as Canada, Australia, and the UAE, leveraging technology to enhance the rental process. In the year 2023, Azuro reported a revenue of INR 0 and an EBITDA of INR -3,054. 8 in the same year.

The company generates revenue through various transaction structures associated with its rental services, which includes direct-to-consumer relationships where clients pay rental fees for properties listed on their platform. They may also engage in partnerships with real estate developers and agents for listing services, alongside subscription fees for premium listings that enhance visibility for property owners. Azuro is strategically focused on expanding its reach and enhancing its offerings. The company plans to introduce new products designed to improve user experience and streamline the rental process, aiming for a launch within the next year.

Additionally, Azuro is targeting expansion into international markets, specifically in regions such as Canada, Australia, and the UAE. The recent funding of INR 10. 510 mn will be strategically utilized to support these initiatives, enhancing technological capabilities and market penetration, following the acquisition by Square Yards Consulting Private Limited.