Settl, a technology-driven managed accommodation platform has announced its expansion to North India.
It is establishing 4 new facilities in Gurugram, NCR, offering a total capacity of 200 beds. The accommodation start-up was born out of the need for a platform that enables convenient city living.
In a short span of 18 months, it has already expanded to 22 properties across 3 cities- Bangalore, Hyderabad, and Gurugram.
Speaking in the expansion, Ashok Reddy Sagar, Co-Founder of Settl said, “It is a tedious task for a newbie in the city to scout for safe and comfortable accommodation. The whole process comes with a baggage of broker, agreement, locality, facility, advance, etc. Settl comes with the idea of taking away all this inconvenience from an individual’s fresh city experience. We provide end-to-end solutions including everything that one might need in the name of facility and service.”
“Following the overwhelming response in Bangalore, and Hyderabad, now we are foraying in Gurugram, expecting a similar response. Gurugram is a very important urban center in the context of the Indian economy. It also attracts a lot of young working professionals who migrate there to fulfill their career needs. We intend to create a huge impact in the lives of these people so that they can excel in their respective domains,” Reddy added.
Settl works on its facilities with a thoughtful approach taking it beyond any regular accommodation to offering an experiential living. It is also building ‘Settl Community’ that omits the void from the life of users when they move to a new city away from their families and hometown.
The brand has built a significant presence in Bangalore & Hyderabad and is now eyeing a similar expansion in Gurugram as well. Settl. is presently operating 1200 beds in total, and is poised to reach 3000 operational beds by Dec 2022.
The brand plans to provide 1000 beds by the end of 2022 in Gurugram alone. The start-up has aggressive expansion plans across cities including -Delhi-NCR, Pune, and Chennai. Start-up recently raised its seed round worth $500K from ah! Ventures, We Founder Circle, and others.