In its pre-Series A funding round, which was led by Negen Capital and included participation from other institutional investors, family offices, and angel investors, the student co-living platform HooLiv raised Rs 24 crore ($2.73 million).
The New Delhi-based company had paid Kotle-Patil Developers an undisclosed sum earlier in February 2020.
The money raised will be utilized to improve HooLiv’s property management platform, build its brand, and acquire more beds in order to increase its operations in non-metropolitan areas. Additionally, the company intends to make its business model available abroad.
