Co-living operator Settl has successfully raised Rs 10 crore in its pre-Series A funding round from investors including Gruhas, We Founder Circle, Anthill Ventures, Inflection Point Ventures, Ah! Ventures, Nila Spaces Limited, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP, and Ekyum. With this, the company has raised approximately Rs 14.9 crore to date, including the current round. The latest funding will be utilized for working capital, team expansion, and technology enhancements, according to a press release by Settl.
Established in 2020 by Abhishek Tripathi, Settl offers a platform that allows users to search for and rent shared living spaces, individual rooms, or entire furnished apartments equipped with modern amenities. The startup operates in Bengaluru, Hyderabad, Gurugram, and Chennai, boasting a presence in over 60 co-living centers across these cities with a total capacity of 4,000 beds, primarily targeting working professionals. Settl’s rental accommodations are priced in the range of Rs 12,500 to Rs 18,000 per bed.
That’s awesome news about Settl securing Rs 10 crore in funding! They offer a platform for searching and renting shared living spaces, rooms, or furnished apartments. It’s great to see them expanding and enhancing their technology. Sending my best wishes to the Settl. team!
~ Dr Shishir said Gupta founder & CEO of StartupLanes
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