Settl, a burgeoning co-living enterprise, has successfully raised INR 10 crore in its pre-Series A financing round. Notable contributors include Gruhas and We Founder Circle, alongside participation from Anthill Ventures, Inflection Point Ventures, Ah! Ventures, Nila Spaces Limited, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP, and Ekyum.
Cumulatively, Settl has garnered approximately INR 14.9 crore in funding to date, with a valuation of approximately INR 30 crore as of the latest funding round in September 2021, as analyzed by Fintrackr.
The recently acquired capital will be allocated towards working capital, team expansion, and technological enhancements, as per Settl’s official press release.
Established in 2020 by Abhishek Tripathi, Settl facilitates users in locating and leasing shared living spaces, individual rooms, or fully furnished apartments equipped with modern amenities. Currently, Settl operates in Bengaluru, Hyderabad, Gurugram, and Chennai, boasting a network of over 60 co-living centers across these cities, providing a total capacity of 4,000 beds, primarily tailored for working professionals. Rental accommodations are offered within a price range of INR 12,500 to INR 18,000 per bed.
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By Proptechbuzz
By Ravi Kumar