Helium, a Bengaluru-based proptech startup focused on rental housing solutions, has raised ₹5 crore in its first funding round.
The round attracted backing from several startup founders and operators, including Albinder Dhindsa, Kunal Shah, Pankaj Chaddah, Mohit Gupta, Akriti Chopra, Gunjan Patidar, Nitin Gupta, Surobhi Das, Miten Sampat, and Aakrit Vaish.
Founded in January 2025 by Sahil Ludhani and Ashutosh Tandon, the startup is building a rental model designed to reduce the upfront deposit burden for tenants in urban housing markets.
Rental housing in major Indian cities often requires tenants to pay large security deposits before moving into a property. Helium aims to address this issue through a credit-linked deposit structure.
Under the model, the company leases homes directly from property owners and pays the full security deposit on behalf of tenants. Renters can then move into the property by paying a smaller upfront amount, while the remaining deposit component is linked to their credit profile.
According to the company, the model is intended to improve liquidity for renters while maintaining financial security for property owners.
Helium is currently focusing on premium gated communities in Bengaluru’s Whitefield area. The startup said it has onboarded more than 170 homes across projects developed by companies including Prestige Group, Brigade Group, Sobha Limited, and Godrej Properties.
To support the financing structure, Helium works with Fintree, an RBI-registered NBFC that covers the remaining deposit amount.
The company said the arrangement operates without EMIs, while Helium and the NBFC manage settlement processes when tenants vacate properties.
Helium’s approach reflects a broader trend in India’s proptech sector, where startups are increasingly focusing on financial and operational inefficiencies in housing markets.
The sector has also seen renewed investor interest in recent months. Companies such as HouseEazy and Truva have also raised funding rounds focused on digital and financial housing solutions.
Helium said it plans to deepen its presence in Bengaluru before expanding into additional micro-markets across the city.
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