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Cozy Stay, A Coliving Startup Is Rescripting the Tale of City Living

By Viestories
New Update
Cozy Stay, A Coliving Startup Is Rescripting the Tale of City Living
Team Cozy Stay

Founded in 2021, Cozy Stay, a coliving platform is redefining the lives of millennials by endowing a comfortable and relaxing living environment in the heart of the city. Headquartered in Bangalore, Cozy Stay is winning the heart of the young minds with their one-of-a-kind tech-integrated business model.

Cozy Colive Concepts, a fast-growing hospitality chain, announced on Wednesday that its co-living venture, Cozy Stay, plans to open 2000 beds in three Indian cities by the end of 2022.

Making its debut in 2021, Cozy Stay is a fully managed IoT-enabled Coliving space with over 160 beds. The company is currently on a quest to augment its chapters across Chennai and Kochi.

"We have been in the hospitality industry for more than a decade. When we were planning to establish Cozy Stay in 2021, we were looking to harmonize the concepts of Coliving and smart living. And with this new approach, Cozy Stay aspires to revolutionize the face of the hospitality sector," says Fayis, Cozy Stay's chief executive officer and founding partner.

Caters to the millennials, young professionals, and nomads, Cozy Stay offers long-term, fully managed IoT integrated living spaces that include furnishings, cleaning, maintenance, and accommodation services.

Cozy Stay has maintained a steady occupancy rate of 90% in such a short time. Even at Covid 19 peak moments, Cozy Stay maintained a 70 percent occupancy rate.

Cozy Stay leases the building, renovates it to Cozy Stay standards, controls end-to-end operations, and manages the millennial community. With starting price of 3000 INR per bed, Cozy Stay is equipped with Wi-Fi connectivity, air conditioning, television, refrigerator, furnishing, décor, housekeeping, power backup, CCTV surveillance, fun zone, and a community for Cozy Stay members.

"Because our workforce is young, we can easily relate to the difficulties that millennials confront. When we created Cozy Stay, our main goal was to provide a solution that caters to the needs of young people," Fayis continues.

According to senses 2011, the country has over 37 million students, with over 75 percent of them living away from home. However existing hostels can only accommodate 18% to 20% of these foreign students. As a result, co-living housing companies are striving to take advantage of this potential by offering completely furnished, professionally managed, internet-ready accommodation.

"The concept of Cozy Stay was conceived based on customer demands and feedback to offer them a cost-effective solution that would solve the dilemmas associated with long-term rentals, high-security deposits, long lock-in periods, non-transparent payments, and a lack of amenities," says Fahad, Cozy Stay's Managing Director, and Founding Partner.

Because coliving is an undeveloped market with tremendous opportunities, the industry has experienced a wave of startups in recent years, with notable examples being Stanza Living, Oyo Life, and Zolo Stays.

In that hive of co-living startups, what makes Cozy Stay the queen bee is the unique features they offer. To incorporate the idea of social distancing, Cozy Stay has transformed their entire application online and completely paperless, through which the residents can effortlessly make their stay even more pleasing. Being an IoT-enabled platform, residents can easily book their stay, virtually tour the property, pay rent, request services, submit KYC, connect with the Cozy Care team, etc.

"Over the last several years, the concept of coliving has given birth to multiple entrepreneurs; nevertheless, students and young professionals have been unable to keep up with the prices of these coliving platforms. So our ultimate goal was to present these customers with a cost-effective solution that did not sacrifice living quality " Fahad noted.

Taking consideration to the students and young professionals Cozy Stay is pretty reasonable when compared to other coliving PGs in the market. This does not mean there is any compromise in the quality of services given. Each Cozy Stay building is built to be a place that resembles home and they also incorporated this thought into the kind of services and amenities they offer.

The feature that impressed us the most is their Cozy Corp. Cozy Corp is a circle of Cozy Stay, focusing on the corporates who often travel for work. Rather than staying in conventional hotels and inns, corporates can have a splendid and soothing stay at Cozy Stay that too for a reasonable price.

Frequently asked question (FAQs)

What is Cozy Stay?
Founded in 2021, Cozy Stay, a coliving platform is redefining the lives of millennials by endowing a comfortable and relaxing living environment in the heart of the city.
What does Cozy Stay do?
Cozy Stay offers long-term, fully managed IoT integrated living spaces that include furnishings, cleaning, maintenance, and accommodation services.

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Barberaa: Best Friends Turned Disappointing Experience Into Business

Barberaa founders Chirag V. and Ajay Kothari turned personal frustration into business. It all began when Chirag dealt with a disappointing experience and found a gap. Soon, he came up with a solution and started their entrepreneurial journey.

By Saroj Kumawat
New Update
barberaa

Chennai-based Barberaa was founded by two childhood friends, Chirag v., founder & CEO and Ajay Kothari, Co-Founder & COO. Barberaa's story begins when Chirag deals with a disappointing experience and decides to convert his frustration into business. This is a truly inspiring story of how both best friends turned a gap into business.

From Friends to Founders: The Barberaa Journey

It all began when CEO Chirag came up with the idea for his business. During the COVID-19 pandemic, he faced a frustrating delay of almost 1 month without any updates when he was trying to book grooming services on Urbanclap.

This experience sparked an idea in his mind. The idea was to create an online booking platform for providing salon services at home. At the time, Chirag had recently graduated and was seeking employment, but this idea inspired him to transfer to the beauty and Wellness industry with his salon and spa startup.

Soon, Chirag shared his business idea with his childhood best friend Ajay Kothari. At the time, Ajay was planning to go to the UK to pursue a master's degree at a prestigious University.

But Chirag's idea impressed him so much that he cancelled all his plans and decided to work on the idea. This is how  Ajay dropped the idea of studying abroad and decided to lead their friendship to entrepreneurship. He even requested a refund from the university to invest his time and money into building the business with Chirag. All the efforts of Ajay show that he supports his friend's idea and is ready to take a big risk for it.

Also Read- The Chatpata Affair Story: How Founder Shiju Pappen Turned ₹5,000 Salary into ₹8 Cr. Revenue?

Concept to Creation:

Headquarters in Chennai, Tamil Nadu; finally, in 2020, Barberaa was born, and Chirag and Ajay started their entrepreneurial journey.

What began as a small side project which gradually grew into something much bigger. Over time, they realized the potential of their idea and turned it into a private limited company. A year after starting the company, both best friends-now co-founders- decided to seek advice from an industry expert.

Furthermore, they met with C.K. Kumaravel, the founder of Naturals, which is Asia's largest chain of salons, to talk about the home services market possibilities. The meeting they had with Mr. Kumaravel changed everything. They were truly impressed by his ideas and points of view, which gave them new business ideas and inspiration. For them, this meeting was a big step forward in their business journey.

Barberaa's New Chapter: What It Does :

Chirag and Ajay worked hard to transform their idea into a unique and valuable platform for the salon and spa industry.

The platform Barberaa allows salons to list their services, showcase their prices, highlight amenities, and present a digital catalogue for customers to see on the site. Clients can easily search for salons based on their location, popularity, discounts, and offers, making the platform convenient and user-friendly. Their entrepreneurial efforts marked a significant step forward in their entrepreneurial journey.

When a person visits a salon, they already have a clear idea of what they want, which makes it challenging for salons to upsell additional services. Barberaa, on the other hand, allows salons to present their digital catalogue to customers in advance, giving them a wider selection of options from which to ultimately select.

Furthermore, for the next thirty days, a customer will be able to make reservations according to their preferred date and time.

Also Read- Hyderabad-Based Petfolk Converted Personal Frustration Into ₹35Cr. Worth Business.

Barberaa: More Than a Booking App:

Barberaa is not only an online booking salon service platform but also this is a complete management system focused on helping salons modernize and run more efficiently using simple and user-friendly technology.

Along with offering booking salon services, this company also provides other services, including a discount of forty per cent on services at the spas and salons that are listed on their network. Additionally, Barberaa has formed partnerships with well-known salon brands such as Toni & Guy, Page 3, Naturals, Tip & Toe, Spa Influence, Nails n Beyond, and Studie'o 7, all of which are a part of their expanding network of over 15 franchisees.

In their research, Chirag and Ajay realized that the majority of salons in India (86%) still rely on traditional methods like using pen and paper for keeping their finances. This gave them the idea to create a simple, all-in-one software solution that would help salon owners in effectively managing their businesses. Their 360° Management Software is designed to make accounting and other operations easier for salons, especially medium-sized ones, by moving everything to a digital platform. Today, they have more than 10000 users.

Both innovative minds are shaping the future of the beauty and Wellness industry with his salon and spa startup, enabling businesses to reach their full potential. What makes his story truly inspiring is that, instead of overlooking the problem, he pursued a solution and turned it into a business.

This friendship to entrepreneurship journey with Barberaa serves as an inspiring example of how vision, resilience, and strategic thinking can lead to remarkable success.

Read more- MyTpen: Tamil Nadu Employee Leaves Successful Career to Bridge a Gap with AI Startup

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