News on Medial

Colive raises $20 Mn led by Bain Capital

Entrackr · 21d ago

Medial

Colive raises $20 Mn led by Bain Capital Co-living startup Colive has raised $20 million in strategic funding led by Bain Capital, alongside long-term partner Sattva Group. The proceeds will be used to fuel Colive’s growth through upgraded technology infrastructure, expanded market presence, and reinforced position in tech-enabled rental housing across India. This funding is part of a larger joint initiative: Bain Capital and Sattva Group have launched a $100 million pan-India co-living real estate platform, with Colive as its cornerstone manager. The platform will focus on acquiring land, developing flagship co-living communities, and delivering purpose-built rental homes in major urban centers. The initiative aims to scale the co-living footprint from the current count to 50,000 beds over the next three years. Each property under this master plan will average around 300,000 square feet, primarily targeting executive rentals. As part of the agreement, the platform will be jointly owned by Bengaluru-based Sattva Group, an equal joint venture partner in Colive, and Bain Capital, with the private equity firm holding the majority stake. To date, the PropCo-backed platform has secured land in Pune and Bengaluru, with nearly 0.5 million sq ft under development. Further expansion plans are underway in Bengaluru, Pune, and Hyderabad, aiming to deliver 8–10 flagship projects in the near term.