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COMPANY. |
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ApartmentAdda is the flagship product of 3Five8 Technologies Private Limited, based in Bangalore, India. PURPOSE OF APARTMENTADDA. 1. To provide a secure and fun-to-use online portal to the Residents of an Apartment Complex - so that a great neighbourhood can be built. 2. To provide simple and efficient online tools for the Association Committee of an Apartment Complex - so that the great neighbourhood can be sustained. 
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ORIGIN. In 2006 Venkat and Sangeeta bought an apartment in Bangalore and joined a consumer segment in India that is grossly under-served: the Apartment Owners Associations. For a multitude of reasons, Apartment living is growing fast in India and other Asian countries. Apartment Owners Associations have the responsibility of building and sustaining their apartment community - quite like running a little country of their own! They do fantastic administration for their apartment community, and many also drive community initiatives for the betterment of their immediate ecosystem – the kind of initiatives that build the India of our dreams. However, these associations face the challenges of weekend-only collaboration which compromises their time for family, relying on word of mouth reports from staff, using tracking frameworks that changes with every new Management Committee. What they needed was a comprehensive ready-to-use software built for Apartment Management, which also provides an online collaboration platform. The options were few: 1) spend a fortune on getting software custom-built and then spend hardware infrastructure and more personal time for maintaining it. 2) Juggle multiple ‘free’ sites that hardly meet their needs. 3Five8 decided to offer a solution for these collaborators and leaders in every apartment complex. The founders together had more than 20 years of experience building and implementing online and offline enterprise applications for global customers. They were part of the Management Committee of their association and had faced the problems first hand. They also met more than 30 other Apartment Associations to compile the pain points as well as best practices. Full time development of ApartmentAdda started in 2008 and was launched soon to gauge customer interest. Within 2 months the first Premium Customer signed up. In less than 2 years ApartmentAdda has grown to be India's only ready-to-use online software that caters to the communication, management and accounting needs of Apartment Owners Association. |
