Co-living operator Settl has raised Rs 10 crore in a pre-Series A funding round as it now aims to expand its business operations.
According to the startup, The round saw participation from Gruhas and We Founder Circle, along with other notable investors like Anthill Ventures, Gurugram-based Inflection Point Ventures, Ah! Ventures, Nila Spaces Limited, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP, and Ekyum.
Founded in 2020 by Abhishek Tripathi, Settl caters to the need for modern, fully furnished shared living spaces. The startup operates in Bengaluru, Hyderabad, Gurugram, and Chennai.
It claims to have over 60 co-living centres across these cities, offering a total capacity of 4,000 beds. These accommodations are primarily targeted at working professionals, with rental prices ranging from Rs 12,500 to Rs 18,000 per bed, the startup said.