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  • Last Update : 10:24 am

Space sharing startup 'Chaya' raises $45,000 pre-seed funding

  • Published at 09:07 am June 5th, 2021
Chaya startup founder
The brains behind Chaya, Farhia Tabassum, CEO and Mehraab Anwar, COO Courtesy

The platform creates access to underutilized private and commercial spaces

The country's first ever space sharing platform "Chaya" has raised $45,000 in pre-seed funding from investors.

Mohammad Maaz Mamoon and Isra Mamoon invested on the startup, which connects homeowners and businesses with users looking to book a space for their needs, according to a press release.

With a vision to simplify the process of renting and booking spaces, the platform creates access to underutilized private and commercial spaces.

“This is a big step in our journey, and we’re excited to be going forward into providing solutions for a major problem that affects thousands of individuals around the country," said Mehraab Anwar, COO and co-founder of Chaya.

Also Read - This could be a banner year for Bangladesh’s start-up ecosystem

Being the first peer-to-peer space sharing marketplace in Bangladesh, Chaya helps individuals/businesses earn money by listing their spaces such as homes, rooftops, restaurants, resorts, photo-studios and more.

“We plan to open doors and access to a network of housing that fulfills the needs of people who are struggling to find reliable housing in safe areas,” said Farhia Tabassum, CEO and co-founder of Chaya.

The startup was conceptualized by the two in early 2019, when they were hired to shoot content for a friend’s clothing brand.

The founders found themselves at a loss when trying to find a space to conduct the photoshoot.

Also Read - Startup 'Shuttle' raises $750,000 to redefine mass transport in Bangladesh

They approached a friend and asked if they could rent the friend’s home for a photoshoot. With demand meeting supply, they realized that this could be scaled to solve a major problem using technology.

With an aim to create access to underutilized private and commercial spaces, the founders were on their way to develop a marketplace.

They reached out to co-founder Armaan Choudhury to help grow the company and develop the product.

Chaya plans to expand into a new vertical with the amount raised –– as they look to bolster the team, and onboard a network of homes across the country to create access to easy living, the release also said.

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