About Azuro
Azuro is a Real Estate & Construction company based in Mumbai (India) founded in 2015, and was acquired by Square Yards in January 2020. Provider of rental property management software for property owners. Azuro has raised $25.02 million across 15 funding rounds from investors including Square Yards, Mumbai Angels and Kae Capital. The company has 1 employees. Azuro was last valued at $2.61 million in January 2019. Its Indian entity Fitrr Technologies Private Limited reported revenue of ₹1 Lakh. Its focus areas include Real Estate and Construction Tech, Property Management Tech, Rental Management and Tech First Rental Agency.
Company details
Azuro is a provider of rental property management software for property owners. Features include property onboarding, tenant searching, property marketing, tenant screening, maintenance management, online rent collection, and more. Additionally, the company also offers Vector - a data-driven platform for rental agreements.
- Headquarters Mumbai, India
- Employees 1
- Stage Acquired
- SectorsReal Estate & Construction
- Email••••••••
- Website azuro.in
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Square Yards (Jan 2020)
- Legal Name Fitrr Technologies Private Limited
- Date of Incorporation 24 Aug, 2015
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹1 Lakh
FY 2023 · +10% YoY
- Net Loss-₹3.6 Lakh
FY 2023 · -362% margin
- EBITDA-₹3.5 Lakh
FY 2023 · -344% margin
- Total Equity Funding$25.02M (USD)
in 15 rounds
- Latest Funding Round$225.92K (USD), Angel Round
Dec 2019
- InvestorsSquare Yards
& 34 more
- Employee Count1
- Acquired bySquare Yards
(Jan 2020)
Associated legal entities of Azuro
Azuro operates through Fitrr Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fitrr Technologies Private Limited CIN U74120DL2015PTC418259 | Active | 24 Aug 2015 | New Delhi, Delhi | ₹0.0 Cr | 1 | 3 | View details |
Apps and channels of Azuro
its YouTube channel Square Yards has 12.8K subscribers and 30 videos.
Videos from Azuro
The most watched videos on Azuro's YouTube channel, Square Yards (12.8K subscribers). Click a video to play it here.
More on Square Yards.
Funding Insights of Azuro
Azuro has successfully raised a total of $25.02M across 15 strategic funding rounds. The most recent funding activity was a Angel Round of $225.92 thousand completed in December 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $25.02M
- Total Rounds 15
- Last Round Angel Round — $225,923
- First Round $25,279
(Aug 2015)
- Investors Count 34
Latest 10 of 15 funding rounds of Azuro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2019 | $225,923 | Angel Round | – | Girish Nilakant Kulkarni | – |
| May 2019 | $740,969 | Series A | – | Nilesh Palresha, PCPL | |
| Jan 2019 | $154,376 | Seed | $2.61M | Kae Capital | |
| Jan 2019 | $147,168 | Seed | – | – | |
| Aug 2018 | $875,706 | Angel Round | – | Santosh Kumar Choudhary | |
| May 2018 | $971,048 | Angel Round | – | Renu Gupta | – |
| Aug 2017 | $4.23M | Angel Round | – | Sanjiv Bhargava, Neelam Gupta | – |
| Jul 2017 | $154,069 | Seed | $1.19M | Kae Capital | – |
| Jul 2017 | $154,415 | Seed | – | – | |
| Mar 2017 | $5.31M | Angel Round | – | Amit Lohia, Deepak Tulsian |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2019 | $2.61M | •••••••• |
| Jul 2017 | $1.19M | •••••••• |
Last known valuation $2.61M (Jan 2019). 35 investors in total: 9 institutional and 26 angel.
Investors in Azuro
Azuro has secured backing from 35 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Square Yards, Mumbai Angels and Kae Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investing in tech startups in India. | 2011 | kae-capital.com | Mumbai, India | |
Early-stage investments and mentoring services are conducted by Astir Ventures in various locations. | astir.vc | San Jose, United States | ||
Online slot gaming with pulsa deposits in Indonesia. | 2014 | whiteunicornventures.com | Mumbai, India | |
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
Corporate-backed venture capital firm focused on multiple sectors | 2006 | relianceventure.com | Mumbai, India | |
Provider of real estate and infrastructure developer services | 1993 | rohanbuilders.com | Pune, India | |
Real estate development services are provided in Delhi, India. | proactiveconstruction.in | Delhi, India | ||
AD Amar Deb | unknown_7c1b11b5017e4c4e8 | |||
VV Vasant Vartak | unknown_ee47400c86fd43e78 | |||
AD Abhishek Deepak Bhatewara | unknown_12fd08f811574951b |
Investor details for Azuro
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Fitrr Technologies Private Limited (Azuro)
Fitrr Technologies Private Limited is the primary company behind Azuro. The board of Fitrr Technologies Private Limited currently have 3 directors; the longest-serving is Hitesh Kumar Singla, appointed in 2022. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hitesh Kumar Singla DIN 06931723 | Director | 27 Jun 2022 | 4 yrs 4 mo | Fitrr Technologies Private Limited |
| Shubhi Jain DIN 10155382 | Director | 26 Jul 2023 | 3 yrs 3 mo | Fitrr Technologies Private Limited |
| Deepak Gauri Khandelwal DIN 10462238 | Director | 12 Jan 2024 | 2 yrs 9 mo | Fitrr Technologies Private Limited |
Financials of Azuro
Figures of Fitrr Technologies Private Limited, the primary company behind Azuro, for FY 2023. Revenue was ₹1 Lakh (+10% year on year). Net loss was -₹3.6 Lakh (-362% margin). EBITDA was -₹3.5 Lakh (-344% margin). Revenue has grown at a compounded annual rate of -84% over three years and -54% over five years.
- ₹1 LakhRevenue · FY 2023 · +10% YoY
- -₹3.6 LakhNet loss · -362% margin
- -₹3.5 LakhEBITDA · -344% margin
- ₹2 LakhPaid-up capital
- 1Employees (provident fund records)
- -84%Revenue CAGR, 3 years
- -54%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Fitrr Technologies Private Limited are on its company page.
Detailed financial statements for Azuro
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Azuro
5 dated milestones of Azuro across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Azuro is founded.
- Funding First funding round of $25K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $226K.
- Exit Acquired by Square Yards.
Top companies in Property Management Platforms
3 companies that operate in the same segment as Azuro (Property Management Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
Mygate is recognized as a leading community management software provider. | 2016 | Bengaluru, Karnataka, India | USD 93.84 M | USD 3.15 M | 494 | |
Personalized end-to-end interior solutions are provided via a platform. | 2015 | Chennai, Tamil Nadu, India | USD 76.14 M | USD 16.55 M | 506 |
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Related news about Azuro
Complete news archive for Azuro
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Frequently Asked Questions about Azuro
Azuro was founded in 2015.
Azuro is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Azuro is a funded company, having raised a total of $25.02M across 15 funding rounds to date. The company's 1st funding round was a Angel Round of $5.31M, raised on Aug 2015.
Azuro has 1 employees.
The primary company behind Azuro, Fitrr Technologies Private Limited, reported revenue of ₹1 Lakh for FY 2023, up 10% year on year.
Azuro is a provider of rental property management software for property owners. Features include property onboarding, tenant searching, property marketing, tenant screening, maintenance management, online rent collection, and more. Additionally, the company also offers Vector - a data-driven platform for rental agreements.
Azuro has 35 investors. Key investors include Square Yards, Mumbai Angels, Kae Capital, Rohan Builders, and Astir Ventures.
The valuation of Azuro is $2.61M as of Jan 2019.
Azuro operates through Fitrr Technologies Private Limited.
Yes. Azuro was acquired by Square Yards in January 2020.
The legal entities of Azuro currently have 3 directors, including Hitesh Kumar Singla, Shubhi Jain, Deepak Gauri Khandelwal.