INSUBCONTINENT EXCLUSIVE:
in total, while its platform has passed 12 million rental requests
Badi also tells us it passed one million registered users last November, up from around 700,000 in February 2018.It currently offers a
service in key cities in four European markets: Spain, France, Italy and the U.K.The business was set up to respond to the rising trend of
its first investment in a Spanish startup
Also investing are Target Global and existing VCs Spark Capital and Mangrove Capital.Badi says the funding will be put toward consolidating
there (despite Brexit) on account of the U.K
capital being one of the most expensive for renters in the region.Two other cities it operates in, Barcelona and Madrid, are similarly in
demand with renters (and tourists), with Badi noting the rental market in Spain has grown by 130 percent in the last 10 years and represents
23 percent of the entire real estate industry.Paris and Rome are also major tourist destinations, and short-term tourist rentals have been
though cities like Barcelona are also looking at what they can do, policy-wise, to curb rising rents and ensure there is affordable and
adequate living space for local families, such as via social housing quotas on developers and even buying vacant buildings themselves to
convert to housing stock.But despite increased political attention on the problem of a lack of affordable housing in cities in desirable
make their experience on Badi far more efficient
Secondly we are redesigning and launching a new booking system around April 2019 to enhance the booking experience to make it more
Badi provides a unique end-to-end rental platform that builds trust and convenience directly into the customer experience, which has enabled
