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The Economic Times
Co-living startup Settl raises Rs 10 crore in funding
Proptech startup Settl has raised Rs 10 crore from investors, including Gruhas and We Founder Circle, to expand its business. Settl has over 60 co-living centres across Bengaluru, Hyderabad, Gurugram, and Chennai with a total capacity of 4,000 beds. The company offers rental accommodations in a price range of Rs 12,500-Rs 18,000 per bed.
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The Financial Express
Co-living startup Settl raises Rs 10 crore from Nikhil Kamath-backed Gruhas, We Founder Circle, and more
Co-living startup Settl has raised Rs 10 crore in a pre-series A round from Zerodha’s Nikhil Kamath-backed venture capital fund Gruhas, early-stage investment platform We Founder Circle, the company said on Tuesday. Anthill Ventures, Inflection Point Ventures, Ah! Ventures, Nila Spaces Limited, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP, and Ekyum also participated in the round.
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Outlook India (Startup Section)
Co-Living Start-Up Settl. Raises Rs 10 Crore from Investors for Expansion
Start-up Settl., which is into the co-living segment, on Tuesday, said it has raised Rs 10 crore from investors, including Gruhas and We Founder Circle, to expand its business. Settl. has 60+ co-living centres in Bengaluru, Hyderabad, Gurugram, and Chennai with a total capacity of 4,000 beds. It provides rental accommodation mainly for working professionals in the price range of Rs 12,500-18,000 per bed per month.
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NDTV Profit
Co-living Startup Settl. Raises Rs 10 Crore From Investors For Expansion
Startup Settl., which is into the co-living segment, on Tuesday said it has raised Rs 10 crore from investors, including Gruhas and We Founder Circle, to expand its business. Settl. has 60+ co-living centres in Bengaluru, Hyderabad, Gurugram and Chennai with a total capacity of 4,000 beds. It provides rental accommodation mainly for working professionals in price range of Rs 12,500-18,000 per bed per month. Anthill Ventures, Inflection Point Ventures, Ah! ventures, Nila Spaces Limited, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP and Ekyum also participated in the Pre Series A round, the company said in a statement.
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VC Circle
Settl and Torus get early-stage funding from host of investors
Co-living platform Settl and agritech startup Torus raised early-stage funding, the companies said Tuesday. Samasth Living Pvt Ltd, which operates the co-living space provider Settl, has raised $1.2 million (Rs 10 crore) in a pre-Series A funding round from a host of investors including proptech investment firm Gruhas, Inflection Point Ventures, Anthill Ventures, Nila Spaces Limited, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP, and Ekyum. Existing investors We Founder Circle and Ah! Ventures also participated. The startup will use the funds for working capital, team expansion, and to develop its technology stack.
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ET Realty.com
Settl raises Rs 10 crore in pre-series A round from Gruhas, We Founder Circle, others
NEW DELHI: Proptech startup Settl has raised Rs 10 crore from investors including Gruhas and We Founder Circle to expand its business. Anthill Ventures, Inflection Point Ventures, Ah! ventures, Nila Spaces, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP, and Ekyum also participated in the Pre Series A round. The company will use this fund for working capital, team expansion, and technology. Including the current round, the company has raised Rs 15 crore from investors. Settl., which was founded in 2020, offers co-living spaces, PGs, and apartments for rent. The company has over 60 co-living centres with a total capacity of 4000 beds in Bengaluru, Hyderabad, Gurugram, and Chennai. It offers rental accommodations in a price range of Rs 12,500- Rs 18,000 per bed. Currently worth $6.6 billion, the managed living sector has the potential to triple in size to $21 billion by 2030.
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Moneycontrol
Co-living startup Settl raises Rs 10 crore from Nitin Kamath-backed Gruhas, others
Co-living start-up Settl has raised Rs 10 crore from investors including Zerodha’s Nikhil Kamath-backed venture capital fund Gruhas and We Founder Circle to expand its business, the company said. Settl has a presence in Bengaluru, Hyderabad, Gurugram, and Chennai and has over 60 co-living centres in these cities with a total capacity of 4,000 beds, targeted mainly at working professionals. The company offers rental accommodations in a price range of Rs 12,500-Rs 18,000 a bed.
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Business Standard
Co-living operators look to expand, open more centres to tap rising demand
Co-living operators are looking to expand their businesses and open more centres in the new year, as they expect demand for fully-serviced rental accommodation to rise from working professionals and students, according to industry players. The co-living segment was worst affected during the COVID pandemic as educational institutions and offices were closed to curb the spread of the disease. Many co-living operators shut down their operations permanently or scaled down their businesses.
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The Economic Times
Co-living operators look open more centres to tap rising demand for rented homes
Co-living operators are looking to expand their businesses and open more centres in the new year, as they expect demand for fully-serviced rental accommodation to rise from working professionals and students, according to industry players. The co-living segment was worst affected during the COVID pandemic as educational institutions and offices were closed to curb the spread of the disease. Many co-living operators shut down their operations permanently or scaled down their businesses.
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News18
Co-living Operators Look to Expand Biz, Open More Centres to Tap Rising Demand for Rented Homes
Co-living operators are looking to expand their businesses and open more centres in the new year, as they expect demand for fully-serviced rental accommodation to rise from working professionals and students, according to industry players. The co-living segment was worst affected during the COVID pandemic as educational institutions and offices were closed to curb the spread of the disease. Many co-living operators shut down their operations permanently or scaled down their businesses.
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The Financial Express
Co-living operator Settl to open 10 new centres in Chennai
To begin with, the company plans to launch 300 beds in Chennai and will scale up to 1,000 beds by the end of this fiscal. Co-living operator Settl., which is managing 3,500 beds across Bengaluru, Gurugram, and Hyderabad, plans to enter the Chennai market where it will soon launch 300 beds catering to working professionals.
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Realty+
Co-Living Operator Settl. To Open 4 New Centres In Gurugram
Coliving operator Settl. will open four new centres, with a total capacity of about 300 beds in Gurugram during the next one month. Company is also looking for more properties in Delhi-NCR to expand business amid rising demand for rental accommodation from working professionals. In total, Settl. plans to launch 1,500 more beds in NCR during the FY 24. Bengaluru headquarter Settl. already has 7 operational co-living properties with approximately 700 beds in Gurugram. The company is also set to open-up 4 new properties with about 300 beds in the next one month. Besides Gurugram, the company currently has 1,200 beds in Bengaluru and 300 in Hyderabad. The target is to touch 2,200 beds in NCR and 5,000 across India by March next year.
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The Economic Times
Co-living startup Settl FY23 revenue jumps two-fold to Rs 17 crore; to add 3,000 beds by March
Co-living operator Settl 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.
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DT Next
Co-living operator Settl revenue to jump 3-fold to Rs 20 cr in FY23
NEW DELHI: Co-living startup Settl revenue is set to jump three-fold to around Rs 20 crore this fiscal and is looking to raise USD 2 million (about Rs 16.40 crore) to expand business, its Co-Founder Abhishek Tripathi said. He said the demand for managed rental accommodations has increased significantly in the last one year with the opening up of the office and educational institutions post Covid.
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The Economic Times
Coliving operator Settl to double the capacity to 5,000 beds
Coliving operator Settl has planned to expand its capacity by more than 2.5 times to 5,000 beds by the end of this fiscal and is looking to enter the Noida, Pune, and Chennai markets, a senior executive said. The company, which focuses on providing rental accommodations to working professionals, currently has around 2000 beds across Bengaluru, Gurugram, and Hyderabad across 40 centres.
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Moneycontrol
Settl to add 300 beds in Gurugram by May, launch 1,500 beds in NCR by FY24
Co-living operator Settl said it plans to extend operations in Delhi-NCR by opening four new centres in Gurugram with a total capacity of about 300 beds, by May 2023. Cumulatively, Settl plans to launch 1,500 more beds in NCR during FY24. The rising demand for managed rented co-living accommodation is a testament to the need for community living and convenience,” said Settl Co-Founder Bharath Bhaskar. 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 added. Currently, the company has seven operational coliving properties with approximately 700 beds in Gurugram.
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