your password has been reset successfully, Please login again.

Home rental startup Co-Live raises $1.8 million investment

Shared living space provider Co-Live raises $1.8 million funding from Ncubate, others.
BY BEx Bureau
BusinessEx
Feb 23, 2018

In India, the need for sharing space is increasing which is building this business opportunity more engaging. In this home rental space, investors are taking the interest because of increase in demand so the latest development in this space is that a shared living accommodation provider CoLive has secured funding of 1.8 million (approx. Rs.12 crore) in a funding round led by Ncubate Capital Partners.

In 2016, the Bengaluru based startup was founded by Sundari Rangarajan. The startup has a network of branded serviced homes conveniently located near educational institutions workplaces to lend as a co-working space to youngsters. The startup plans to use the raised funding to strengthen its technology and improve its product.

Rangarajan said, The investment in CoLive is not only a definite validation of the companys business model but also an opportunity for us to grow further and help solve the urban-living conundrum in India by providing one million living spaces. With a strong pipeline of inventory, we are firmly on track to reach our 10,000 beds target in the next couple of quarters.

SAP Group parent company of Ncubate Capital Partners which is focused on water purifiers, clean tech, etc. The venture capital firm is more focused on early-stage ventures.

Rakesh Malhotra, managing partner, Ncubate Capital Partners, said, With more people renting than buying, CoLive has a massive potential across the market. Moreover, I firmly believe that the student-housing problem is one such challenge that can be solved through technology and the right amount of strategic planning.

The startup has around 75 properties in Bengaluru and is planning to new cities.

Please add your Comment
SIMILAR News
June 22, 2018
He may be still eligible to get about 6.95 million dollar in deferred compensation, retirement payme ...More
By Sanjana Surbhi
June 22, 2018
The latest funding, led by Naspers and billionaire Yuri Milner’s DST Global, values Swiggy at roughl ...More
By Sanjana Surbhi
June 22, 2018
Mittal was the third business leader from India in the history of ICC to be appointed as the Chairma ...More
By Sanjana Surbhi
June 22, 2018
Nokia has selected HCL Technologies as part of an important effort of streamlining Nokia’s outsource ...More
By Sanjana Surbhi
June 13, 2018
It announced in April to bring its stake to 21 percent ...More
By Sanjana Surbhi
June 13, 2018
The fund plans to invest in seven to eight startups this year ...More
By Sanjana Surbhi
June 12, 2018
About 80% of V-Mart’s stores are located in cities with a population below one million ...More
By Sanjana Surbhi
June 08, 2018
Sunil Sood has been the MD and CEO of Vodafone India since April 2015 ...More
By Sanjana Surbhi
June 08, 2018
Reliance is set to become one of the largest non-conventional gas producers in India through the pro ...More
By Sanjana Surbhi
June 01, 2018
Sequoia India, which first invested in Pine Labs in 2009, remains the company’s largest shareholder ...More
By Sanjana Surbhi
June 01, 2018
Maiya initially raised funds from Ascent Capital and later from Peepul Capital ...More
By Sanjana Surbhi
May 31, 2018
WeWork operates nearly 1-million-sqft space at present and has a million sqft more signed up already ...More
By Sanjana Surbhi