HooLiv has raised non-dilutive growth capital by trading subscriptions on Recur Club
- ByStartupStory | March 11, 2022
HooLiv, a co-living business based in New Delhi, has raised non-dilutive growth capital through subscription trading on Recur Club, a subscription-based finance platform. In 2020, it had already raised a seed round.
HooLiv was founded in 2019 by serial entrepreneurs Chinmoy Mishra, Gaurav Vij, Abhishek Verma and Dr. Rasmi Mishra with the goal of providing hassle-free, economical housing solutions for students. They may be found in cities such as Delhi, Pune, Meerut, and Jaipur.
The funds were raised through Recur’s platform, which allows businesses to engage with institutional investors to trade subscriptions or future revenue for upfront funding, minimizing the need for share dilution.
The funds have aided HooLiv in not just surviving the second wave, but also in putting its asset (bed) acquisition plans into reality.
The company stands a far greater chance of raising the next round at a much better valuation now that the fundraising environment has improved significantly and with the scale that has been achieved by financing through Recur Club.
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