Elara Technologies, owner of Housing.com, PropTiger.com, and Makaan.com, has now acquired Gurugam-based tech-enabled rental brokerage platform FastFox.com. With this acquisition, Elara has entered the online-to-offline home rentals space, which has a market opportunity of over Rs. 20,000 crores.
FastFox.com is an online-to-offline (O2O) brokerage firm that works in partnership with other brokers and landlords to list residential properties online for rental purposes. It allows home seekers to check pictures and access in-depth information about available properties. Beyond listings and search, the company helps schedule house visits to enable quick closure with the landlord. It uses technology to ensure that 100% of the homes listed on FastFox.com are authentic and available for immediate visit and closure. Investors in FastFox include Lightspeed Venture Partners and Blume Ventures among others.