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HooLiv raises Rs 24 Cr in pre-Series A round led by Negen Capital

EntrackrEntrackr · 2m ago
HooLiv raises Rs 24 Cr in pre-Series A round led by Negen Capital
Medial

HooLiv raises Rs 24 Cr in pre-Series A round led by Negen Capital Student co-living platform HooLiv has raised Rs 24 crore ($2.73 million) in a pre-Series A funding round led by Negen Capital, along with participation from other institutional investors, family offices, and angel investors. The proceeds will be used to expand HooLiv’s operations in non-metro cities through new bed acquisitions, brand-building, and enhancements to its property management platform. The company also plans to replicate its business model internationally. Founded by Chinmoy Mishra, Rasmi Mishra, Gaurav Vij, and Abhishek Verma, HooLiv operates purpose-built student accommodations that cater to students in universities and coaching hubs. The platform focuses on providing organized, technology-enabled student housing that ensures standardized operations, consistent living conditions, and cost efficiency for both property owners and students. HooLiv’s model combines real estate management and technology to offer integrated housing solutions, including maintenance, security, and community engagement features. The company works with property owners and educational institutions to convert and manage large-scale facilities as student housing assets. HooLiv plans to bridge the demand-supply gap in India’s organized student housing segment, driven by the growing number of universities and coaching centers across the country.

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Exclusive: Atomberg raises Rs 212 Cr in Series C extension led by Temasek

EntrackrEntrackr · 19d ago
Exclusive: Atomberg raises Rs 212 Cr in Series C extension led by Temasek
Medial

Exclusive: Atomberg raises Rs 212 Cr in Series C extension led by Temasek Consumer appliances brand Atomberg has secured Rs 212 crore ($24 million) in an extension of its Series C round led by Jongsong Investments (Temasek), with participation from its co-founders and existing backers. As per regulatory filings sourced from the Registrar of Companies (RoC), the board approved the issuance of 10,006 Series C1 and C2 preference shares at Rs 2,11,835 per share to raise the fresh capital. Temasek led the tranche with an infusion of Rs 132 crore, while Jungle Ventures and Inflexor Fund contributed Rs 17.8 crore and Rs 17.9 crore, respectively. Co-founders Manoj Kumar Meena and Sibabrata Das together invested Rs 44 crore during this round. This appears to be part of a larger ongoing funding round, and Atomberg is expected to raise additional capital for the secondary transactions. As per Entrackr’s estimates, the latest allotment values the company at around $500 million post-money. With this, Atomberg has raised over $150 million to date, including the $86 million Series C round led by Temasek and Steadview Capital in May 2023. Sibabrata Das, co-founder of Atomberg, declined to comment on the queries sent by Entrackr. Founded in 2012 by Meena and Das, Atomberg has built a strong R&D-led product portfolio featuring energy-efficient BLDC and smart fans, mixer grinders, and smart locks. The brand claims a retail footprint spanning more than 15,000 touchpoints across India. Atomberg initially entered the market in 2015, catering to B2B customers such as the Tata Group, Infosys, and Indian Railways before expanding into B2C via Flipkart and Amazon, and later scaling offline distribution from 2018 onward. The company is yet to file its FY25 financials. In FY24, its revenue from operations grew 31% year-on-year to Rs 848 crore, while losses narrowed by 31.7% during the same period.

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