UAE-based proptech startup Takeem has secured a significant investment from REACH Middle East, a scale-up programme powered by Second Century Ventures, the strategic investment arm of the US National Association of Realtors (NAR). This backing connects Takeem to one of the world’s most active venture capital investors in real estate technology.
Founded in 2023 by Rakesh Mavath and Pooja Vithlani, Takeem is engineered to address deep-seated structural inefficiencies within rental markets. The platform leverages a proprietary risk intelligence engine and a rental guarantee model to de-risk investments for landlords, improve yield predictability, and broaden access for tenants.
A New Standard for Rental Markets
In less than a year, Takeem has achieved remarkable traction, onboarding over 55,000 residential units onto its platform, which represents an annual rental value exceeding AED 5 billion. This rapid adoption from institutional players underscores strong market confidence in its model. The company is now expanding its services to the B2C market, aiming to support smaller landlords and their tenants.
The platform tackles long-standing challenges such as limited risk transparency, inefficient processes, and liquidity frictions. By offering rental guarantees and sophisticated risk analysis, Takeem builds trust among stakeholders and enables more disciplined and efficient capital deployment across residential portfolios.
Rakesh Mavath, Co-founder and Chief Executive Officer of Takeem, commented, “Renting is the largest financial commitment most people make every year, yet the infrastructure behind it is still trust, paperwork, and hope. We built Takeem to make rent more predictable for landlords, tenants, and institutions. Takeem is reliable, measurable, and scalable. Having NAR REACH MENA and Second Century Ventures behind us doesn’t just validate the idea; it accelerates the rollout of a new standard for how rental markets operate from a regional solution to a global standard.”
Global Validation for a Regional Solution
The investment from Second Century Ventures places Takeem within an elite global portfolio of companies building the next generation of real estate infrastructure. The investors highlighted Takeem’s unique, region-specific approach as a key factor in their decision.
Dave Garland, Managing Partner at Second Century Ventures, said, “Globally, REACH selects companies that are building the critical infrastructure of tomorrow’s real estate landscape. Takeem fits squarely within this vision. Their approach to rental guarantees and risk intelligence addresses a global challenge with a scalable, capital-efficient model. We are proud to support the Takeem team as they build a platform with relevance far beyond a single market.”
Siddiq Farid, Managing Director at REACH ME, added, “What stood out to us about Takeem is their deep understanding of how rental risk actually behaves in this market. Rather than importing models from elsewhere, they’re building solutions purpose-built for the GCC that can be scaled globally. Through REACH ME, we’re proud to support Takeem as they build the platform that brings more trust, liquidity, and confidence to the rental ecosystem.”
About Takeem
Founded in 2023 by Rakesh Mavath and Pooja Vithlani, Takeem is a UAE-based proptech company designed to modernise the rental ecosystem. Through its proprietary risk intelligence engine and rental guarantee model, the platform reduces landlord exposure to default, increases rental yields, and expands tenant access. Takeem aims to create a more predictable, transparent, and efficient rental market for all stakeholders.
Source: Wamda
