Settl has over 60 co-living centres across Bengaluru, Hyderabad, Gurugram and Chennai with a total capacity of 4,000 beds. The company offers rental accommodations in a price range of Rs 12,500-Rs 18,000 per bed.
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Gruhas is founded by Zerodha cofounder Nikhil Kamath and Abhijeet Pai of Puzzolana Group.
Anthill Ventures, Inflection Point Ventures, Ah! ventures, Nila Spaces Limited, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP and Ekyum also participated in the Pre Series A round.
“The premium co-living market is in a massive expansion phase and Settl has seized this opportunity quickly and effectively and is on the best track to become the leader of this sector in India. Joining forces with such marquee investors at this crucial step will only help in growth and expansion,” said Abhishek Tripathi, cofounder and director, Settl.
The company will use this fund for working capital, team expansion, and technology. Settl, which was founded in 2020, offers co-living spaces, PGs, and apartments for rent. Including the current round, the company has raised Rs 15 crore from investors.
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The aim is to provide affordable and comfortable housing solutions for millennials and young professionals who are looking for convenient and hassle-free living options.Settl’s platform allows users to search for and rent shared living spaces, individual rooms, or entire apartments that are fully furnished and equipped with modern amenities.
“The shift from rural to urban living is transforming cities, and Settl embodies this change. It’s a community-driven space that’s safe, inclusive, and tech-driven,” said Abhijeet Pai of Gruhas.
