HooLiv Secures Rs 24 Crore in Pre-Series A Funding

HooLiv, a prominent student co-living platform, has successfully raised Rs 24 crore ($2.73 million) in a pre-Series A funding round led by Negen Capital, with additional contributions from various institutional investors, family offices, and angel investors. Earlier in February 2020, the New Delhi-based company had received an undisclosed amount from Kotle-Patil Developers.

The funds will be allocated to expand HooLiv’s operations in non-metro areas through new bed acquisitions, brand-building initiatives, and improvements to its property management technology. Furthermore, the company aims to replicate its successful business model on an international scale.

About HooLiv

Founded by Chinmoy Mishra, Rasmi Mishra, Gaurav Vij, and Abhishek Verma, HooLiv provides purpose-built accommodations for students attending universities and coaching centres. The platform’s primary goal is to deliver organised, technology-enhanced student housing, ensuring standardised operations, uniform living conditions, and cost efficiency for both property owners and students.

Integrated Housing Solutions

HooLiv’s innovative model blends real estate management with cutting-edge technology to provide integrated housing solutions. This includes vital features such as maintenance, security, and community engagement. The company collaborates with property owners and educational institutions to convert and oversee large-scale facilities, transforming them into valuable student housing assets.

Addressing Demand in India’s Student Housing Market

HooLiv is poised to address the increasing demand-supply gap within India’s structured student housing market. This growth is driven by the rising number of universities and coaching centres across the nation.