The Panajachar household has decided to sell their stake in the rental app and instead focus on their own businesses.

The Panajaches, who had invested in the company last year, are not concerned about losing any revenue and are keen to stay active in the local business space.

Panajachars eldest son, Panajache Vaidyanathan, said that his father is taking on a new role in the business of leasing apartments in his hometown of Chhattisgarh.

“I am now the general manager of the office, and I am also the founder of the leasing agency,” he said.

We have to focus on the local market, and this is a good opportunity to build a good company, he added.