[Funding alert] Co-living startup Housr raises funds, plans to invest Rs 350 Cr for growth
30 April 2019 4:33 AM GMT
Housr has taken on two residential towers long-term lease from realty firm Tulip Infratech to launch its first co-living project in Gurugram.
- Lodha group MD and CEO Abhishek Lodha and Godrej Properties Executive Chairman Pirojsha Godrej have invested in Co-living startup Housr that plans to infuse Rs 350 crore by end of the next year to reach 50,000 beds, a top company official said.
- Also read: Why co-living spaces are the future for millennials in IndiaHousr has been co-founded by Tribeca Developers MD Kalpesh Mehta and Deepak Anand.
- However, it said the funds have been raised at a "$30 million pre-money valuation".The co-living firm has already taken on lease 10,000 beds in Gurugram (Haryana), Noida (Uttar Pradesh), Mumbai and Kota (Rajasthan).Housr has taken two residential towers on long-term lease from realty firm Tulip Infratech to launch its first co-living project in Gurugram.
- An INSEAD alumnus, Deepak Anand comes with a diverse background in private equity, banking, distribution with leadership roles at HSBC, HDFC and HT Media.