Settl raises $500K in funding round
Co-living startup Settl recently raised $500 thousand in seed funding from We Founder Circle, ah! Ventures, and a clutch of angel investors like Saurabh Jha (Housing.com), Ashu Dubey (LinkedIn), Mahesh Pillai (Pierian Services Pvt Ltd.), and Abdul Paravengal.
The company plans to use the capital to develop its product offerings further and expand to new cities like Delhi-NCR, Pune, and Chennai.
“We are building a network that caters to the modern needs of flexi living where Settl brings thoughtfully designed spaces and curated experiences with a bunch of amenities that makes city living effortless” said Settl co-founder Bharath Bhaskar.
Commenting on the investment, We Founder Circle co-founder and CEO Neeraj Tyagi said, “Settl is disrupting the co-living concept by offering fully managed living spaces using their years of experience in this domain. They offer multi-city multi-location beautiful 1&2 BHK options at your fingertips using smart tech.”
“There are competitors in the space, but the space still has a lot of potential. Since covid and work from home are coming into play – a lot has changed for the real estate world and in the rental space. Hence, a lot of people are investing to enter the market at its lowest…”, said ah ! Ventures venture partner Karn Rajani.
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