Young entrepreneurs launch proptech startup with £2.9m funding

Feb 2, 2018 · bdaily.co.uk

Navmtllrpzb7gpurs6kirayt3ilqoswosp6tgynd

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’.

Read Complete Article

RT @L_Pbusiness: #London has been named the most digital ready city according to @Siemens new app measuring the digital readiness of the wo…

Devastating news of horrific attacks in Sri Lanka where innocent people have been murdered and churches targeted du… https://t.co/hm2vSm9bAl

RT @londonpartners: The countdown is ON to London Tech Week 😎! This year’s @LDNTechWeek seeks to tackle head-on the issue of diversity in t…

What can the Queen's residence in Northern Ireland, Hillsborough Castle, tell you about the history of politics in… https://t.co/Dtvyn5uVJS

TCL announces BlackBerry KEY2 Red Edition for the US https://t.co/WQ0HKDdRK8