There are 100 condos and a growing number of SMEs presently using the platform.
Imagine booking a tennis court, paying condo dues, and applying for carpark labels all in one application. Reserv founder Sandeep Menon came up with a rough idea of this kind a couple of years ago when he was having difficulties finding an up-to-date and reliable aircon service provider for his home. Now, Menon has made his idea tangible with Reserv, a cloud-based SaaS platform and fully integrated marketplace, with value propositions for both the demand and supply sides.
From using his savings and some help from friend and family to start Reserv, Menon is now a grantee of recent funding from Javelin Startup-O Victory Fund. Reserv describes its experience with Startup O as brilliant and seamless. “When it comes to fund raising, as most startup founders will tell you - the first few rounds are extremely crucial - as you are not just hunting for capital, but also looking for investors who are strategic and share your vision for the long term growth of the company. Right from my initial conversation with Anuj, the philosophy of Startup-O resonated with what we were looking for,” Menon adds.
With over 100 condos and a growing number of SMEs presently using the platform, Reserv has found its place in the heart of the booming Singaporean startup scene. Menon says that Reserv’s users find real value in the software and apps that their startup provides, from smarter living to automated operations to increasing productivity. For instance, Riddance Pest Control chief executive officer Sylvia Chan says that before Reserv, their SME was spending 3-4 hours a day in manual work and that using Reserv helped boost productivity by 40%.
“Most home owners and residents recognize that their living experience, especially when it comes to their home, are stuck in the 1990’s and are looking forward to making it better. Reserv brings simplicity, convenience and a resident focused experience to apartment living that we are becoming used in the age of Uber - and like the best things in life, for residents - it’s absolutely free,” Menon adds.
Menon’s startup story begins with his journey to Singapore from India on a junior college scholarship in computer engineering. Now 37 years old and a first generation Singaporean, Menon brings to the table a rich consulting experience across industries such as banking, telcos, government agencies, and resource companies all over the region. According to him, this experience enabled him to see how big businesses work at scale and gave him an appreciation of making things happen.
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