ADDA Expands: Investing Rs 15 Crore to Boost Housing Society Software

Startup ADDA, a provider of software for housing society management, plans to invest Rs 15 crore to expand in India. Founded in 2009, it serves over 3,500 communities in India and features services like visitor management and billing. ADDA emphasizes user privacy by maintaining a no-advertisement policy.

ADDA, a software solutions startup for housing societies, has announced a Rs 15 crore investment plan aimed at expanding its presence in India over the next year. The company, established in 2009, strives to enhance its services to Resident Welfare Associations, Owners Associations, and more.

Co-founder and CEO San Banerjee underlined the company's goals to increase revenue by 20-25% from Indian operations. The new funds will target large cities and the developers' segment, emphasizing improved resident experiences and post-sales automation enhanced by artificial intelligence.

With a client base spanning more than 3,500 communities in over 80 Indian cities, ADDA ensures user privacy through a no-advertisement policy, which Banerjee highlights as a unique selling point. Major developers such as DLF, Rustomjee, and Prestige are among their prominent users.

(With inputs from agencies.)