Settl, a co-living space startup, has raised Rs 10 crore (approximately $1.2 million) in a pre-series A round from Gruhas and We Founder Circle for business expansion. The investors who also participated in the round include Anthill Ventures, Inflection Point Ventures, Ah! Ventures, Nila Spaces Ltd., Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP, and Ekyum.
Settl provides easy-to-move-in fully furnished co-living spaces with its expertise in tech-enabled property management and residential solutions. The startup has more than 60 co-living centers throughout Bengaluru, Hyderabad, Gurugram, and Chennai, with a capacity of over 4000 beds of accommodation and increasing every day.
The recent investment will be used by the company for further market expansion, technology, and team expansion.
The company’s co-founder is Abhishek Tripathi, and it is headquartered in Bengaluru, Karnataka, India.