Settl, a technology-driven managed housing platform, has received a $500,000 seed round investment.
Settl has already secured 1200 beds across two cities in a little more than a year. It claims to be seeing a 30 percent increase in demand from quarter to quarter. It wants to serve over 3000 clients each month with the new capital infusion.
The company intends to use the funding to improve the technological stack and procure additional supplies. It also intends to rapidly grow across cities such as Delhi-NCR, Pune, and Chennai, with the goal of developing an inventory of more than 2000 beds for urban professionals in the next six months.