Co-living Market

From Settl. to Colive, co-living startups find room to double capacity

Co-living operators such as Settl., Aurum PropTech, and Colive are raising funds from investors to expand their businesses

Settl FY23 revenue jumps two-fold to Rs 17cr, to add 3,000 beds by March

Co-living operator Setll has clocked over two-fold jump in its revenue last fiscal to nearly Rs 17 crore and plans to expand its capacity by 2.5 times to 5,000 beds by March next year. The company, which focuses on providing quality rental accommodations to working professionals, currently has around 2,000 beds at 40 centres across Bengaluru, Gurugram and Hyderabad. It is now looking to enter the Noida, Pune and Chennai markets, Settl said in a statement on Monday. The Bengaluru-based startup charges between Rs 12,000 and Rs 18,000 per bed. "We are currently present in three cities dominated by IT firms. We are now actively looking at entering Noida, Pune and Chennai where a lot of professionals are working in IT and other sectors. We anticipate strong demand for quality co-living centre in these cities," Settl co-founder Abhishek Tripathi said. The company is in an advanced stage of discussion with a few property owners in three cities where it has a presence as well as three new

Co-living operator Settl. to double its bed strength to 5,000 by FY24-end

Settl. already has 7 operational co-living properties with approximately 700 beds in Gurugram

Co-living operator Settl. to open 4 new centres in Gurugram by next month

Co-living operator Settl. will soon open four new centres, with a total capacity of about 300 beds, in Gurugram to cater to the rising demand of rental accommodations from working professionals. Settl. already has seven operational co-living properties with about 700 beds in Gurugram, the Bengaluru-based firm said in a statement. That apart, the company currently has 1,200 beds in Bengaluru and 300 beds in Hyderabad, taking the total beds to 2,200 across these three cities. Settl. said it is looking for more properties in Delhi-NCR and plans to launch 1,500 more beds during this fiscal. "The rising demand for managed rented co-living accommodation is a testament to the need for community living and convenience," Settl. Co-Founder Bharath Bhaskar said. "In metro cities like Gurugram and Noida where millennials are the driving force behind the economy, co-living spaces are emerging as the preferred choice for those seeking a seamless living experience," he said. In the four new ...

Crib raises $400,000 in its pre-seed round to build the super co-living app

The round also saw participation from BlackSoil Capital along with marquee angels from Faad Network. Other notable angel investors are Shashwat Nakrani (Co-founder, BharatPe), Jasminder Singh Gulati (Co-founder, Nowfloats, acquired by Jio), Ajay Yadav (Founder, Roomi), Sarath Sura (Ex-Director, Allahabad Bank), Abdul Paravengal (ex-CBO, Shipper), Rahul Jindal (Director, Google), Uday Arya (Partner, BlueLotus Ventures), Panna Lal Bhansali (ex-President, Guwahati Stock Exchange), Kushal Khandwala (Director, KIFS Housing Finance Ltd.), Tushar Anand (Alkem Pharma Family & Founder, Cheferd Foods) and others. The company's legal counsel Abhay Vohra (Partner, Burgeon Law), CA Anirudh Bagai (Founder, Lawyer2CA) also joined the round.Headquartered in Gurugram, Crib is building India's first digital ecosystem aimed at redefining how landlords operate, tenants stay and market sells. Through their SaaS-based marketplace model, Crib is creating a full stack solution for co-living including ..

Co-living players eye corporate sector with hybrid accommodation models

Nexus Venture Partners-backed Zolostays is also coming up with custom-made properties for corporates

These co-living startups are helping tenants sail through Covid-19

Firms are waiving the rent of those who have lost their jobs during the pandemic

TCG explores various models as it plans to enter shared-living market

The firm is internally assessing the possibility of partnering with aggregators or entering the market on its own

Bengaluru's realty market emerges unscathed from economic slowdown

Besides the traditional segments, the demand for co-living, co-working and senior living is keeping the sector buzzing

Brookfield eyes co-living spaces; in talks with MIAL to lease 15 acres land

Brookfield owns over 25 million sq ft of commercial property in Mumbai and other cities. It also bought Hotel Leela's assets last year for Rs 3,950 crore

The co-living space heats up with real estate biggies making a beeline

While builders such as Embassy and Brigade are aiming at creating exclusive coliving brands, others are investing in startups active in the segment

Real estate companies rush to occupy growing co-living market in India

Priced at Rs 10,000-20,000 per bed, Olive's first phase will see the launch of 20,000 beds in all - 15,000s in Bengaluru and 2,500 each in Chennai and Pune

Better services, fair rates key to boost $93 bn worth co-living mkt: Report

The demand for co-living spaces is also increasing because of brand trust and ease of search, something paying guest accommodations are not able to provide to consumers