Co-Living entity Settl raises Rs. 10 Cr in Pre-Series A Round

Co-living operator Settl, which is a Premier Destination for PGs, Co-living Spaces, Rooms, and Apartments for Rent in Bangalore, has raised Rs. 10 crore in its pre-series A round funding to develop its business from Gruhas and We Founder Circle. Also the ventures including Anthill Ventures, Inflection Point Ventures, Ah! Ventures, Nila Spaces Limited, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP and Ekyum partaken in the round.

To the date including the current round, the firm has raised Rs. 14.9 crore. As per the record of Fintrackr’s analysis, the total capital was valued over Rs. 30 crore that follows the fund raised in September 2021.

In a press release, Settl said that the recent profits will be utilized for working capital, team extension and technological functions.

Established in the year 2020 by Abhishek Tripathi, Settl enables the users to look for and rent co-living spaces, individual rooms and complete apartments which are completely furnished and operational with amazing modern amenities.

The Co-living entity has its occurrence in the major cities including Bengaluru, Hyderabad, Gurugram and Chennai. And the company declares to have over 60 Co-living centers across these four cities with a total capacity of 4,000 beds and targeted primarily for working professionals. Settl presents rental housings in a price array of Rs. 12,500- Rs. 18,000 per bed.