ADDA to invest Rs 15 cr for expansion in India's society management market

Quick Summary:

Startup ADDA, which provides software solutions for management of housing societies, will invest Rs 15 crore over the next one year to expand its business in India, its co-founder and CEO San Banerjee said.

ADDA provides all features required for managing a housing society - visitor management, billing and collection of society dues, facility booking, assets and inventory, among others.

Established in 2009, ADDA has clients in over 10 countries, including India, the US, the Middle East and Singapore.

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Category: BusinessFinance

Markets: IndiaSingapore

Topics: Real Estate Services (NEC) San Banerjee Embassy Group Owners Association Management Committee United States Real Estate Rental Software subscriptions USPS Sobha Resident Welfare Association Knight frank Startup company Middle East Rustomjee Dubai Postal Co-founder and CEO Hospitals Visitor management ADDA Software solutions Courier Banerjee Seawoods Estates Entrepreneurship Draft:Nabventures Artificial intelligence Private equity ASBL

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 16:41:10 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23363678

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