Co-living spaces Startup StayAbode Adds On to Pre Series A funding
11 March 2019 6:27 AM IST
StayAbode, a start-up that is building co-living spaces, has received an add on to pre Series A funding for an undisclosed amount from Voyage Group, Akatsuki and Incubate Fund. StayAbode currently has 1200 beds live across 19+ properties in Bengaluru with a further 1000 beds contracted to go live in the next 6 months
- Tatsuya Hase, GM, Investment Division at Voyage Group, says, ‘We picked StayAbode, as our first investment in the Indian market as we believe co-living is the future of millennial living in India and we believe StayAbode is well placed to create great value in it and we are excited about the future of the company.
- Tomoya Ogawa, CFO at Akatsuki, Inc. and Managing Director of AET Fund, adds, “Looking at the past business growth led by Viral and his team, we are now even more confident that co-living is the future of living for millennials and Generation Z, and StayAbode will continue to lead and shape this exciting market.
- Nao Murakami, General Partner at Incubate Fund India, further adds, ”Since we made an investment in August 2017, we have been closely working with StayAbode team.
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