By Proptechbuzz
By Ravi Kumar
Shared-rental accommodation platform HooLiv has raised INR 24 Cr (about $2.7 Mn) in a Pre-Series A round led by Negen Capital, an investor in Blue Tokai, along with participation from undisclosed institutional and angel investors.
The fresh capital will be used to strengthen HooLiv’s footprint across non-metro cities through strategic acquisitions, brand-building initiatives, and the advancement of its proprietary property management platform.
“With Negen Capital’s investment and expertise, HooLiv will continue to set new standards in purpose-built student accommodation, creating value for students, educational institutions, and investors alike,” HooLiv cofounder and CEO Chinmoy Mishra said.
Founded in 2019 by Chinmoy Mishra, Abhishek Verma, Gaurav Vij, and Rasmi Mishra, HooLiv provides room-based accommodation for students and young professionals. The company claims to have served over 15,000 customers across 20 pincodes since its inception.
India’s coliving sector is witnessing rising demand as more people move to urban areas for education and career opportunities. Shared-living spaces have become an affordable and community-driven alternative to conventional rentals.
According to a Colliers report, India’s organised coliving market had an inventory of around 3 lakh beds in early 2025, reflecting a 5% penetration rate. This figure is projected to reach 10 lakh beds by 2030, covering over 10% of the organised rental segment.
Growing migration patterns and the scalability of coliving models have attracted steady investor attention. Recently, Bengaluru-based CoLive raised $20 Mn (INR 176.32 Cr) to improve its tech infrastructure and strengthen its market presence — highlighting the ongoing investor confidence in the segment.
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