ADDA

Type| Private
Founded| 2009
Founder| San Banerjee, Venkat Kandaswamy
Headquarters| Mumbai and Bangalore

Area served

| Worldwide

Key people

| San Banerjee (CEO)

Number of employees

| 100
Website| adda.io

ADDA is a software for Communication, Management, Billing, Accounting and Security in Residential Communities. ADDA connects neighbors who live in apartments with the help of its apartment management system. Residents use this product for making payments and booking services related to their apartment. Management committees use this product for handling apartment complex's finances, assets and staff.[1] The company earns its revenue based on subscriptions from home owners associations.[2]

## Contents

* 1 Services
* 2 History
* 3 References
* 4 External links

## Services

* ADDA ERP: Communication, facility management & billing platform for owners, tenants & home owners associations
* ADDA Security: App Based Visitor Management, Intelligent Security Management Platform

## History

ADDA was founded by San Banerjee and Venkat Kandaswamy. ADDA launched the prototype of an online apartment management portal in 2008. Subsequently, ADDA launched its app for apartment residents to connect with neighbors and make payments from mobile. ADDA partners with a network of chartered accountants and other accounting professionals who manage accounts of Housing Societies or Apartment Owners Associations. These partners uses ADDA to manage the financials of the apartment complexes.[3] The company launched and grew without outside funding and later received its angel investment in 2013.[4]

## References

1. ↑ Mumbai Societies, TOI (15 Sep 2014). "Mumbai housing societies go hi-tech with online community portals". Times of India. Times of India (Times of India) (India). http://timesofindia.indiatimes.com/city/mumbai/Mumbai-housing-societies-go-hi-tech-with-online-community-portals/articleshow/42485287.cms. Retrieved 17 July 2015.
2. ↑ "Manage the apartment complex with a simple app". The Hindu. The Hindu (The Hindu) (Mumbai). 3 June 2015. http://www.thehindu.com/todays-paper/tp-in-school/manage-the-apartment-complex-with-a-simple-app/article7275841.ece. Retrieved 17 July 2015.
3. ↑ Adda App, TOI (29 April 2015). "ApartmentADDA launches software for accounting professionals". Times of India. Times of India (Times of India) (Times of India). http://timesofindia.indiatimes.com/business/india-business/ApartmentADDA-launches-software-for-accounting-professionals/articleshow/47100302.cms. Retrieved 17 July 2015.
4. ↑ "ApartmentADDA raises angel funding from Sharad Sharma & others; to expand to Kolkata, Hyderabad, Chennai & NCR". Reuters. Reuters (Reuters) (15 November 2013). 15 November 2013. http://in.reuters.com/article/2013/11/15/apartmentadda-raises-angel-funding-from-idINDEE9AE05A20131115. Retrieved 2 September 2015.

## External links

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