Isthara Co-Living Has Acquired Letsmobility, A Leading Software Product Engineering Company.Through This Acquisition, Isthara Aims To Leverage Letsmobility’s Private Cloud-Based Microapps Platform, Livet, To Digitize Operations And Introduce Advanced Tech Solutions In The Highly Fragmented Co-Living And Institutional Cafeteria Sectors.
The acquisition of letsmobility will enable Isthara to enhance their core technology by merging it with the proprietary machine learning framework developed by Letsmobility through the integration with the platform, isthara will develop and advance into a pioneering framework 2.0, which will enhance the digital interface of the company’s customer facing applications such as real time property discovery and booking, digital hassle-free issue resolution, hyper local social network for residents, and food discovery and ordering solutions. Additionally, the platform’s ai powered suggestions, business reports and custom workflows will enable the company to improve efficiency and streamline operations. Within the next 6 months, all technological processes of Isthara will be operated through the new, enhanced framework 2.0.
Founded by IIT And IIM Alumni Gaurav Sharma, Prateek Pandey, and Chaithanya Veeramachaneni, Letsmobility is a software product engineering company that has assisted many innovative startups and fortune 500 companies across the globe in building creative solutions through the use of technology. the company provides end to end product development services, and maximizes the effectiveness of businesses through digital technology by empowering them with the most efficient tech solutions. in 2019, the company developed its own proprietary product, Livet, with the intention of revolutionizing the way residents engage with their living facilities. Letsmobility has also pioneered several state-of-the-art product suites in the corporate, residential and entertainment domains.
Through this acquisition, Isthara aims to revolutionize the urban living space segment with operational excellence, and strengthen its offerings across its co-living, student living, and smart food court segments. Through its co-living spaces, isthara provides fully-furnished shared-living accommodation for working professionals and students, with a host of amenities paired with premium features, along with a convenient and enriching shared community living experience. Currently, the company manages around 24,000 beds across hyderabad, bengaluru, ncr and chennai.
