Moving away from the hometowns to settle in big cities can be difficult. On top of that finding a good place to stay can be quite a daunting task. With limited facilities in college and university hostels, there is a need for budget accommodation within the vicinity. Also, the nightmare of dealing with a landlord after shelling out a fortune for an apartment can be intimidating.
But quality accommodation and housing segment for students as well as professionals is being explored widely in the metro cities. The trend that is catching on the millennials is - Co-living spaces. It allows youngsters not only to share residences with like-minded tenants but also offers amenities like Wi-Fi, furniture, furnishings and appliances without burning a hole in the pocket.
List of Top Co-living Startups in India
Founded in January 2015, NestAway was the first to tap in the then unstructured and fragmented space of shared housing rentals. It offers shared rooms, private rooms as well as full houses both non-furnished/furnished for affordable prices and zero brokerage. The startup has a huge team—500 members in all, catering to customers who are primarily in the 22-30 age category. NestAway received funds from total 13 investors including Ratan Tata, Flipkart, IDG Ventures.
The Delhi-based housing platform aims to provide a professionally managed accommodation and co-living residences to both boys and girls. 24/7 open kitchen to common lounges with TV to football to fun-filled weekend activities, stanza living has definitely made living away from home easier. Also, they provide discounts and offers at various restaurants through Stanza Social. Its monthly rentals range from Rs 7,000 to Rs 20,000. Stanza Living has 15,000 beds at present. The startup aims to have 100,000 beds registered under its domain by 2021. Stanza Living received funds from Sequoia Capital, Accel and Matrix Partners.
Also Read : List of Real-Estate Start-ups in India
CoHo is one of the country’s first co-living spaces was founded in late 2015. It offers fully furnished accommodation on a sharing and individual basis with amenities such as hot food, wifi, laundry services, 24/7 security, along with access to common spaces such as lounges, games and reading rooms and special events such as poker nights. All this without any security deposit, brokerage or furnishing costs.
CoHo raised funds from veterans like Sachin Bhatia (Co-founder, MakeMyTrip and TrulyMadly), Rajesh Sawhney (Co-Founder, GSF and InnerChef), Mahesh Parasuraman (Ex-MD, Carlyle PE), Dheeraj Jain (Partner, UK based Hedge fund), amongst others.
Also Read : CoHo: Best Co-living Space for Millenials
Your Space is founded in 2016 by Karan and Shubha discussed the idea with Nidhi Kumra. YourSpace offers 1,200 beds in 11 hostels across India and charges between Rs 12,000 and Rs 25,000 per bed on a monthly basis, depending on the city and location.
It currently operates in New Delhi, Mumbai, Chandigarh, Jalandhar, Pune, Noida and Greater Noida. YourSpace provides safety, security, air conditioning, WiFi, furniture and bedding, medical aid, gym facilities, walk-in closets, and personal washroom. Your-Space has so far raised $1 million fund from angel investor and HNIs.
Bengaluru-based Zolo promises a hassle free co-living. Zolo is founded by Nikhil Sikri, Akhil Sikri and Sneha Choudhry. Their facilities include fully furnished rooms, hygienic and healthy food, daily housekeeping, internet facilities, security etc.
The cost of the bed comes to an average of Rs 6,000 to Rs 8,000 per month for twin-sharing rooms. The company has 600 employees spread across five cities and 18,000 beds.
StayAbode is founded in 2016 by Viral Chhajer, Varun Bhalla and Devashish Dalmiya. Bengaluru-based StayAdobe claims to have over 300 beds across five properties in South Bangalore with monthly rents ranging from Rs 12,500 to 35,000, depending on the type of property. A three-month deposit is payable by the tenant which is significantly lower than the usual norm in the city of 10- month deposit.
SimplyGuest is founded by Subbu and Ambareesha Athikunte and Mayank Pokharna. SimplyGuest is a platform accommodation catering to working professionals which offers fully furnished 1 bhk, 2 bhk, 3 bhk flat on an individual or sharing basis, without brokerage and only two months deposit.
It has close to 120 beds in private flats and another 27 in its hostel. The facilities provided by this platform include- a rent that comprises of electricity, water, 30-100 mbps WiFi, DTH, domestic help, repairs and maintenance, and unlimited LPG.
Placio is founded by Rohit Pateria, Ankush Arora and Atul Kumar Singh in March 2016. Noida-based housing platform offers fully furnished private and shared accommodation for students with comfortable and affordable living solutions ranging from basic budget to high-end luxury accommodation with pool/table tennis, playstation, book exchange counters and other facilities. Currently present in six cities, Placio has over 3,000 beds. Placio charges tariff ranges from Rs 10,000 to Rs 24,000 per bed, per person, per month.
Oyo Life is launched in October 2018 offering fully managed independent residential units, inclusive of contracting, furnishing, cleaning, maintenance, and in-stay services. Oyo Life has more than 10,000 beds signed and over 6,000 live beds and is adding over 1000 new beds every month.
Oyo Life provides essential amenities such as Wi-Fi connectivity, television, regular housekeeping, power backup, CCTV surveillance, and 24/7 caretaking. It charges rents starting from Rs 5999.
Founded by Annu Talreja, Priyanka Gera in 2017, Oxfordcaps provides technology-driven living experience to students in India and Singapore. Oxfordcaps provides a custom designed and standardized student housing product with a full-stack model of services and amenities.
It offers room on twin and triple sharing basis ranging between Rs 12,500 and Rs 19,000 per month. Currently, around 3,500 beds are operational by Oxfordcaps. It received funds from 500 STARTUPS (SE ASIA), Ready Ventures. It has estimated annual revenue of $3M.
Founded by Suresh Rangarajan in 2016, CoLive is an online platform that allows users to find shared workspaces and accommodations, flats and homes for rent. CoLive offers basic facilities such as housekeeping, laundry services, security and meals, gaming consoles, libraries, gyms, pools and high-speed Wi-Fi. CoLive charges Rs 6,500-9,500 for double sharing and Rs 13,000-18,000 for single-sharing depending on the area. It has received fund from SAR Group Family Office, Salarpuria Sattva.
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RentMyStay is a Bangalore-based company which was started in 2015 by Kiran Nagarajappa and Rakesh Kamble. It is an online platform that makes renting as simple as checking into a hotel and provides a wide range of options from fully furnished apartments, villas, rooms to independent homes, for both short term and long term rentals.
RentMyStay follows the flexi rental model, RentMyStay allows one to rent a house for a few days to a few months. RentMyStay presently manages over 300 properties in Bangalore but planning to be starting its operations in Delhi/NCR, Pune, Hyderabad and Chennai.
Founded in 2017 by Ravichandran Annadurai, Roomee is a curated Marketplace for PGs ,Longstays & Co-living spaces. As a technology platform, Roomee is fully App enabled and it makes it easy to find and book Co-living spaces. Properties are thoroughly reviewed and curated and hence dependable. With the Roomee mobile app, you can virtually explore your future home from our wide assortment of thoroughly reviewed and handpicked PGs, longstays & co-living spaces.
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Renaissance Living Spaces
Founded in 2014 by Dalmia Abhishek, Deepali Dalmia and Neeraj Mittal, Renaissance Living Spaces (RLS) which is a part of Renaissance Group has been in the student, executive and care giver housing (Hostel) business. Each accommodation has an experienced manager supported by full time wardens. This team is responsible to make sure that guests’ needs are addressed promptly, to their satisfaction.
Home rental network Nestaway is diversifying its offerings. The Hello World is independent subsidiary of NestAway. The Hello World co-living product is aimed at building communities for students and urban migrants.
A Hello World membership will also allow them access to engaging community activities, weekly gatherings, and an online community to exchange conversations, common interests and meet like-minded people. Hello World is currently present in 15 cities including Bengaluru, Hyderabad, and Pune.
Grexter Living is co-living space founded by Pratul Gupta, Nikhil Dosi. Grexter Living offers functional and built-to-suit urban studio rooms that provide all the necessary amenities and, at the same time, are aesthetically appealing. Catering primarily to salaried employees, fresh graduates, and techies in the age group of 18-30 years, the spaces they provide consist of a large common kitchen with another huge designated area that has lounges, gaming consoles, and home theaters.
A peaceful and friendly living space is what we all want and look for. This was our list of co-living spcaes startups. Hope this list is useful to find a perfect place for you to live. If you know more co-living startups, write in comment box below.