In a pre-Series A funding round led by Negen Capital, the student co-living platform HooLiv raised Rs 24 crore ($2.73 million), with participation from angel investors, family offices, and other institutional investors.
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The New Delhi-based company had raised an undisclosed sum from Kotle-Patil Developers earlier in February 2020.
Key Highlights
- HooLiv secures ₹24 crore in pre-Series A funding led by Negen Capital.
- Investment to fuel HooLiv’s expansion into non-metro cities and international markets.
The money raised will go toward building HooLiv’s brand, acquiring more beds, and improving its property management system in order to increase its presence in non-metropolitan areas. Additionally, the business intends to export its business model.
