Helium: Revolutionising Gated Society Apartment Rentals

Helium, a platform dedicated to residential rentals within gated communities, has successfully secured Rs 5 crore in an angel funding round. This investment comes from several notable startup founders and operators such as Albinder Dhindsa, Kunal Shah, Pankaj Chaddah, Mohit Gupta, Akriti Chopra, Gunjan Patidar, and Nitin Gupta. The funding will facilitate expansion efforts within Bengaluru and help increase the availability of homes in gated societies over the upcoming months.

About Helium’s Unique Approach

Founded by Sahil Ludhani and Ashutosh Tandon, Helium operates a comprehensive rental model. The company collaborates directly with homeowners, providing them with guaranteed rental income while skillfully managing tenant relationships and operational tasks. Helium’s main focus is on acquiring apartments in gated communities, where they observe that only a small fraction of these properties are available online. The majority of transactions typically occur via brokers or offline networks.

Innovative Deposit Solution

In addition to their rental services, Helium introduces a deposit product known as Deposit Saver. This unique service connects tenant deposits to credit profiles, enabling users to rent properties with deposits as low as one month. The remaining amount needed for the deposit is processed through partnerships with Non-Banking Financial Companies (NBFCs), ensuring that homeowners receive the full deposit sum.

Progress and Expansion

Helium commenced operations in Whitefield approximately six months ago and has successfully onboarded around 170 homes. The platform reports an impressive average rental cycle of just 14 days, showcasing its efficiency in the rental market.