Young entrepreneurs launch proptech startup with £2.9m funding

Feb 2, 2018 · bdaily.co.uk

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Young entrepreneurial duo Karthik Srivats and João Rocha have established a proptech startup in London after raising a seven-figure investment.

The pair launched Ahauz with the help of £300k from early stage venture fund Forward Partners and a further £2.6m from a raft of high net worth property investors.

The latter will be used to fund contributions towards the deposits of first time buyers in the UK.

Karthik and João were inspired to start Ahauz when they attempted to buy a house and found they could not afford it due to the size of the deposit needed, despite both of them having relatively good monthly incomes.

They discovered that many of their friends had faced similar issues; those who had managed to buy a home had help from their parents, so Karthik and João quit their jobs in April 2017 and set about creating what they are calling the ‘Bank of Mum and Dad for Everyone’.

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