Your space, Indian Premier Student Housing Companies raise USD 10m in series (a combination of pure equity and conversion debt) led by personal investment from Shantanu Rastogi (from Ajay Gupta (Capital Food) AJAX Capital Consultation and Holy Basil Private Limited, Also saw participation from the Manish Choksi Family Office (Deputy Chair of Asia), the Family Office of the Sunidhi Group, Sanjaya Gupta (former MD & CEO of PNBHFL), among others.
“Fundraising is proof of our shareholders’ trust in our value proposition – sharp focus on product management and redefining customer service standards at reasonable prices.
Funds will help us deepen our presence in a crowded market.
This gives us the power of fire to continue Providing global service standards on a scale, “said Co-Founder and Coo Shubha Lal.
Your space is born with the aim, to improve the world of students while they work hard to study away from their homes.
The foundation is cemented in four pillars of commitment: security, comfort, community and health.
Safe! You have managed to throw your voteogin to see the results redefining students who live with a unique product proposition.
The core philosophy is to foster the first student environment to promote holistic welfare and personal growth.
The company will utilize these funds for growth that focus on Metros and level I cities.
They will also increase operating resilience through a modular technology platform that can be scaled, which will help add to the user experience and help build a large student community.
Human capital is at the heart of service giving, the part of the fund will also be used to further strengthen and maintain the core team, which recently saw additions such as CMO, head of the community and head compliance.
“We are in the lifestyle sector students! Lifestyle designed to promote education, personal growth and student happiness.
Our strategy for expansion is to stay focused on being the most preferred student housing brand in class.
We operate the best in the class of real estate, Covered by users who are user-friendly and service oriented, therefore provide the best customer experience to students, parents and educational institutions, “added Nidhi Kumra, Co-Founder and CEO.
With the entry of fresh students, to top cities, only 30% are successful in campus accommodation, leaving 70% of students to find other housing options.
The student housing market is projected to continue to grow to USD 25+ billion per year in 2025.
Although the last two years have been difficult in the education sector in particular, your space has been three times the size of their business.
The company is on track for their fiscal year projection which is a reaffirmation by students and their parents for business models.
With 7000+ operational beds in 9 cities, your room will have more than 20,000 beds in July 2022 for the upcoming 2022-2023 academic year.
Shantanu Rastogi has invested in supporting ambitious entrepreneurs who do innovative work to serve large Indian consumption baskets.
He has trustworthiness and trust in your brand-space and mission.
On recent investment in your room, Shantanu Rastogi, said, “There was a significant need for a significant need for safe, comfortable, comfortable and affordable lodging, and community room for 30 million + migrant students and post-post students in India .
India became one of the largest suppliers of skilled talent in all engineering, medicine, law, finance, and some other profession to the world, requires a high-quality student housing operator to cope with the huge demand and growing alongside universities and institutions of high quality.
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Ajay Gupta Food Capital, added, “This segment grows and has shown growth every year even during the economic decline.
The Indian student population base grows consistently.
The future of student housing will be driven by technology and build a strong community and build a strong community and space You are at the top bring this change.
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Your student housing startup, causes USD 10 million in the series ‘A’
