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Co-living startup Union Living to add 1,000 beds in Mumbai in 2024; to invest Rs 10Cr on expansion

IndianStartupNews

IndianStartupNews · 1y ago

Co-living startup Union Living to add 1,000 beds in Mumbai in 2024; to invest Rs 10Cr on expansion

Co-living startup Union Living plans to expand its presence in Mumbai by adding 1,000 beds across key locations this year. The expansion includes launching beds in Mahalakshmi, Juhu, Khar/Santacruz, Goregaon/Malad, Chembur, and Navi Mumbai. The company aims to provide quality living spaces for students and working professionals aged 18 to 35, with rental prices ranging from Rs 20,000 to Rs 45,000 per bed. Union Living also plans to invest Rs 10 crore in security deposits and interior works for the expansion.

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Homey targets 10,000 beds by 2027 with focus on inclusive co-living

Economic Times

Economic Times · 2m ago

Homey targets 10,000 beds by 2027 with focus on inclusive co-living

Homey, a co-living startup, aims to operate over 10,000 beds by 2027, focusing on hybrid holistic living and value-based education. Currently, with over 1,000 beds, they plan to add 5,000 more in the current fiscal year and another 5,000 by FY27. The company follows a 70–30 model ensuring inclusivity by offering 30% of beds free to underprivileged tenants. Expansion plans include entering Ahmedabad, Pune, Hyderabad, Bengaluru, and educational hubs like Kota.

Aster DM Healthcare plans to double bed capacity to 10,000 in three years: CEO

Livemint

Livemint · 1y ago

Aster DM Healthcare plans to double bed capacity to 10,000 in three years: CEO

Bengaluru-based healthcare provider Aster DM Healthcare plans to increase its bed capacity to over 10,000 in the next three years through acquisitions and organic growth. The company intends to spend at least ₹1,000 crore ($136m) to acquire 2,000-4,000 beds and invest an additional ₹1,000 crore to add 1,700 beds organically. Aster DM aims to become one of India's top three healthcare providers and sees Uttar Pradesh as a potential market for expansion.

Co-living startup Truliv forays into Bengaluru

Economic Times

Economic Times · 9m ago

Co-living startup Truliv forays into Bengaluru

Co-living startup Truliv is expanding its operations in Bengaluru, India's technology capital, with a focus on micro-markets in and around Hebbal and Whitefield. The company plans to offer 1,000 beds initially and aims to add 1,500 more over the next 18 months. Truliv's cluster-based model aims to establish thriving communities in key business districts while ensuring operational efficiency and superior service delivery. The startup currently operates over 3,000 beds in Chennai and intends to replicate its success in other major cities. Truliv expects to generate revenue of Rs 32 crores by the end of this financial year.

IAN-backed University Living acquires majority stake in UK firm

VCCircle

VCCircle · 1y ago

IAN-backed University Living acquires majority stake in UK firm

Indian-based student accommodation platform University Living has acquired a majority stake in UK firm StudentTenant. The financial details of the transaction were not disclosed, but the acquisition is expected to strengthen University Living's presence in the UK's private student housing market and enhance its services worldwide. University Living currently offers two million beds across multiple countries and claims to have assisted two million students to date. The acquisition will add over 10,000 beds, 500,000 students and 1,000 landlords and letting agents to University Living's portfolio. The company aims to secure 30% of the market share by 2030.

Coliving startup Settl to enter Chennai market; to add 1,000 beds by March

Economic Times

Economic Times · 1y ago

Coliving startup Settl to enter Chennai market; to add 1,000 beds by March

Coliving startup Settl is expanding its operations to the Chennai market, with plans to launch 300 beds for working professionals. Settl currently manages over 3,500 beds in Bengaluru, Gurugram, and Hyderabad. The company offers fully managed rental accommodations at prices ranging from Rs 11,000 to Rs 24,000 per month per bed. Settl has identified potential buildings in Chennai for its expansion and aims to scale up to 1,000 beds by the end of the fiscal year.

Fortis Healthcare to acquire North India hospital for $53 mn

VCCircle

VCCircle · 6m ago

Fortis Healthcare to acquire North India hospital for $53 mn

Fortis Healthcare Ltd is acquiring Shrimann Superspeciality Hospital, located in Jalandhar, for $53.2 million. This all-cash deal will expand Fortis's capacity in Punjab, adding 1,000 beds across five facilities. The acquisition includes the hospital’s operation and two land parcels for future expansion. Shrimann currently operates 191 beds with potential future expansion to 450. This strategic move enhances Fortis's presence in major Punjab cities and is part of its ongoing expansion.

OYO's Innov8 raises Rs 110 Cr at Rs 1,000 Cr valuation

YourStory

YourStory · 7m ago

OYO's Innov8 raises Rs 110 Cr at Rs 1,000 Cr valuation

Innov8, a flexible workspace provider owned by OYO, raised Rs 110 crore at a Rs 1,000 crore valuation by diluting 10% equity. The oversubscribed round was led by family offices, including Mankind Pharma and Rupa Group. The funds will expand Innov8's centers to 100, support acquisitions, and technology upgrades. Currently operating over 30 centers, Innov8 aims to add 4 million square feet in Tier I cities like Delhi, Mumbai, and Bengaluru, strengthening financial stability and expansion.

Proptech startup Crib invests $1M in 'Crib Plus' to digitize student housing & co-living market

IndianStartupNews

IndianStartupNews · 1y ago

Proptech startup Crib invests $1M in 'Crib Plus' to digitize student housing & co-living market

Indian property management app Crib has launched Crib Plus, a professional version of its existing tool. The upgraded version is tailored for large-scale student housing and co-living brands, offering cost savings of up to 25% and enhanced functionality such as detailed financial reporting and asset management. Crib aims to address the evolving needs of the real estate market and has already attracted over 1,000 landlords managing 2,500+ properties and 150,000+ beds. Crib has secured over $2m in funding from investors including Paytm's Vijay Shekhar Sharma and Cred's Kunal Shah.

Stanza Living raises $13 Mn led by Alpha Wave

Entrackr

Entrackr · 1y ago

Stanza Living raises $13 Mn led by Alpha Wave

Managed accommodation provider Stanza Living has raised Rs 110 crore ($13 million) in what appears to be a bridge round led by Alpha Wave. The equity round is coming after a gap of more than three years for the Delhi-based startup. The board at Stanza Living has passed a special resolution to issue 1,207 preference shares at a price of Rs 911440.17 each to raise Rs 110 crore, its regulatory filing accessed from the Registrar of Companies shows. Alpha Wave has pumped in Rs 83 Crore while Matrix Partners, Accel India and Peak XV invested Rs 27 crore cumulatively. As per startup data intelligence platform TheKredible, Stanza Living was valued at around Rs 3,900 crore ($470 million). This is a marginal jump in valuation from Rs 3,525 crore ($424 million) in the last equity round. The firm was reportedly in talks to raise funding to the tune of $25 million. Stanza Living had raised $57 million in a debt round led by Kotak Mahindra Bank and RBL Bank in March 2022 and $100 million in an equity round in April 2021. So far, it has scooped up over $230 million across equity and debt rounds. Stanza Living is a managed accommodation platform which provides co-living solutions for working professionals and students. The firm claims to have an inventory of more than 75,000 beds in 450 plus residences with a presence across 24 cities. Stanza Living’s revenue from operations surged to Rs 442 crore in FY23 from Rs 115 crore in FY22. As per TheKredible, its losses increased by 18.71% to Rs 495 crore in FY23 as compared to Rs 417 crore in FY22. The firm is yet to file its audited financial statements for FY24. Stanza Living competes with Colive, Your Space, Settl, Union Living and Coho. Last year, Tiger Global-backed home rental startup NestAway was acquired by Aurum PropTech (formerly Majesco Ltd) in a 90% haircut in valuation to $11 million.

Exclusive: Stanza Living secures debt from Alteria and Innoven Capital

Entrackr

Entrackr · 17d ago

Exclusive: Stanza Living secures debt from Alteria and Innoven Capital

Exclusive: Stanza Living secures debt from Alteria and Innoven Capital Managed accommodation provider Stanza Living secured Rs 60 crore (approximately $7 million) in debt funding from Alteria Capital and Innoven Capital. Previously, Stanza Living raised Rs 110 crore ($13 million) in a bridge round led by Alpha Wave, as exclusively reported by Entrackr. The Stanza Living’s board issued 6,000 non-convertible debentures at a face value of Rs 1,00,000 each to raise the above-mentioned amount, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Alteria Capital invested Rs 35 crore ($4.1 million) while Innoven Capital contributed with Rs 25 crore ($2.9 million) in the round. Founded in 2017, Stanza Living is a managed accommodation startup that offers hassle-free living for students and young professionals moving to new cities. The company claims to have over 75,000 beds across 24 cities in India. The Delhi-based startup has raised over $240 million to date across multiple debt and equity rounds from investors such as Alpha Wave, Peak XV Partners, Accel, and Z47, according to startup data intelligence platform TheKredible. The Accel-backed company is yet to file its financials for FY24 and FY25. In FY23, its revenue rose to Rs 442 crore from Rs 115 crore in FY22, while losses widened 18.71% to Rs 495 crore during the same period. Stanza Living competes with Your-Space, which recently raised Rs 70 crore in debt, and Truliv, which entered into a strategic equity partnership with Bennett, Coleman and Company Limited (BCCL). Other competitors include Colive, Settl, Union Living, and Coho.

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