Salarpuria Sattva Collaborates With Colive With A USD 9.2 Million Series Of Funding
Colive plans to expand its presence in Hyderabad, Mumbai and Pune where Colive, a co-living space provider of fully managed rental homes has partnered with Salarpuria Sattva Group in Rs.63 crore Series A funding. Colive plans to expand its presence in Hyderabad, Mumbai and Pune where they are planning to invest in the build-to-suit model inventory for co-living purposes.
The Bangalore-based company will utilize the funding to scale up its operations from 12,000 beds to 1 lakh beds over the next two years which will alter the real estate landscape in tier I cities especially the IT hubs according to the spokesperson of the company. Salarpuria plans to develop built-to-suit real estate which will specifically cater to Coliving requirements. Founded in 2016, Colive India has revolutionized the renting space in India. Earlier, the company had raised Rs.17 crs in pre-series A funding.
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