Sunday, February 25, 2024
HomeInsightFunding Alert Co-living Platform Settl Secures Rs 10 Cr in Funding

[Funding alert] Co-living Platform Settl Secures Rs 10 Cr in Funding

Proptech firm Settl has secured Rs 10 crore from investors, such as Gruhas and We Founder Circle.

Proptech firm Settl has secured Rs 10 crore from investors, such as Gruhas and We Founder Circle.

This fund will be utilized by the organization to operate funding and expand the staff, and tech.

Read also – We Founder Circle Closes 103 Deals in 2023, Most by Any Angel Investor Network

Participating in the Pre Series A round were Anthill Ventures, Inflection Point Ventures, Ah! Ventures, Nila Spaces Limited, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP, and Ekyum.

“The premium co-living market is in a massive expansion phase and Settl has seized this opportunity quickly and effectively and is on the best track to become the leader of this sector in India. Joining forces with such marquee investors at this crucial step will only help in growth and expansion,” said Abhishek Tripathi, cofounder and director, Settl.

Read also – [Funding alert] Google Cloud Invests Rs 1.7 Cr in ProjectX.Cloud, Seeks $3 Mn Funding

With a total population of 4,000 beds, Settl has more than 60 co-living centres spread throughout Bengaluru, Hyderabad, Gurugram, and Chennai. The company rents out rooms for between Rs 12,500 and Rs 18,000 per bed, as reported by The Economic Times.

“The shift from rural to urban living is transforming cities, and Settl embodies this change. It’s a community-driven space that’s safe, inclusive, and tech-driven,” said Abhijeet Pai of Gruhas.

Read also – [Funding alert] Financial Advisory Firm Cashvisory Secures INR 1.2 Cr Pre-Seed Funding from SucSEED Indovation Fund, EvolveX, Others

About Settl

Settl specializes in offering residential solutions, community-driven platforms, and tech-enabled property management. In Bangalore, some co-living places served as its starting point.

Viestories

RELATED ARTICLES
- Advertisment -

Most Popular

- Advertisment -

Also Read

- Advertisment -