Co-Living Startup Settl Raises ₹10 Crore Funding From Gruhas, And Others

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Settl, a co-living startup in India, has recently raised a significant amount of money, Rs 10 crore, to grow its business. 

This funding was contributed by several investors, including Gruhas, a venture capital fund backed by Nikhil Kamath of Zerodha, and We Founder Circle. 


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Settl began in 2020 and focuses on providing comfortable and affordable living spaces for young professionals and millennials. These are people who are working and want a place to live that is easy to manage and convenient.


The company operates in four major cities: Bengaluru, Hyderabad, Gurugram, and Chennai. They have over 60 co-living centers across these cities, offering a total of 4,000 beds. 
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Their rental options include shared living spaces, individual rooms, or whole apartments, all furnished and equipped with modern facilities. The price for these accommodations ranges between Rs 12,500 to Rs 18,000 per bed.


The money Settl has raised will be used for different purposes like increasing their working capital, expanding their team, and improving their technology. 

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This is an important step for Settl as they aim to be a leading name in India's premium co-living market. This market is growing rapidly and has a lot of potential.


The managed living sector, to which Settl belongs, is currently valued at $6.6 billion. Experts believe that this sector could grow to be worth $21 billion by 2030. 

Also read :Co-Living Startup Settl Raises ₹10 Crore Funding From Gruhas, And Others

This growth is partly due to the shift from rural to urban living, transforming cities across India. Settl is seen as a representative of this change, offering community-driven, safe, inclusive, and tech-oriented living spaces.


The interest and investment from Gruhas and other investors show their confidence in Settl's potential and the growing market of co-living spaces in India. This funding marks a significant milestone for Settl, bringing their total funds raised to Rs 15 crore.


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