New Delhi, Co-living operator settled. Revenue has more than doubled to Rs 3 crore during the last financial year mainly due to the expansion of its portfolio.
Its revenue in the financial year 2022-23 was Rs 15.5 crore.
Proptech startup Settle, which began operations in 2020, takes residential space on long-term lease from builders and asset owners and then design-develops the properties as per the needs of the occupants, before leasing out the space to working professionals. Is.
Currently, settled. There are more than 60 co-living centers in Bengaluru, Hyderabad, Chennai and Gurugram with 4,000 beds.
colony. Founder Abhishek Tripathi said that its turnover has increased to Rs 3 crore in the last financial year, which was Rs 15.5 crore in FY 2023. “This is due to the expansion of our bed capacity and an average 10 per cent increase in per capita charges.”
“Tech hubs like Bengaluru, Chennai, Gurugram and Hyderabad are witnessing a surge in demand for co-living spaces from young professionals and students. This is further fueled by MNCs as well as domestic companies setting up shop in these cities. “The younger generation wants a comfortable, connected lifestyle and co-living provides exactly that,” he said.
colony. Offers beds on rent ranging from Rs 11,000 to Rs 24,000 per month depending on the location, city and available facilities.
Settled in January. had raised Rs 10 crore from investors including Grihas NV Founder Circle to expand its business. The company had raised Rs 15 crore from investors in the Pre Series-A round.
Its revenue in the financial year 2022-23 was Rs 15.5 crore.
Proptech startup Settle, which began operations in 2020, takes residential space on long-term lease from builders and asset owners and then design-develops the properties as per the needs of the occupants, before leasing out the space to working professionals. Is.
Currently, settled. There are more than 60 co-living centers in Bengaluru, Hyderabad, Chennai and Gurugram with 4,000 beds.
colony. Founder Abhishek Tripathi said that its turnover has increased to Rs 3 crore in the last financial year, which was Rs 15.5 crore in FY 2023. “This is due to the expansion of our bed capacity and an average 10 per cent increase in per capita charges.”
“Tech hubs like Bengaluru, Chennai, Gurugram and Hyderabad are witnessing a surge in demand for co-living spaces from young professionals and students. This is further fueled by MNCs as well as domestic companies setting up shop in these cities. “The younger generation wants a comfortable, connected lifestyle and co-living provides exactly that,” he said.
colony. Offers beds on rent ranging from Rs 11,000 to Rs 24,000 per month depending on the location, city and available facilities.
Settled in January. had raised Rs 10 crore from investors including Grihas NV Founder Circle to expand its business. The company had raised Rs 15 crore from investors in the Pre Series-A round.
