Home Rental Startup CoLive Raises $1.8 Mn From SAR Group And Others
A shared living start-up CoLive has raised Rs 12 Crore ($1.8 million) in a recent round of funding led by Ncubate Capital Partners which is a Venture capital arm of SAR Group.
The company has decided to utilise the funds in expanding its services, strengthening the technology infrastructure and enhancing the talent pool according to the reports. It is hoping to increase its operating area to 25 cities and already provides services in 75 properties in Bangalore, with 3000 beds in its inventory.
CoLive, which is owned by CoLife Advisory Pvt. Ltd, is a Bangalore based startup that was founded in 2016. It provides branded and well serviced home near to educational institutions and prominent business areas and also supports the idea of shared rental living. The spaces provided by the comp...