HomeNewsSettl raises $500K from ah! Ventures, We Founder Circle & others

Settl raises $500K from ah! Ventures, We Founder Circle & others

Date:

Trending

- Advertisement -
Advertise During Budget
Advertise During Budget
Advertise During Budget
Advertise During Budget

Bengaluru based managed accommodation platform, Settl has raised $500K in Series Seed round funding led by Ah! Ventures.

The round also witnessed participation from We Founder Circles and other angel investors including Saurabh Jha (Director Growth & Analytics, Housing.com), Ashu Dubey (Principal Product Manager, Linkedin), Mahesh Pillai (Senior VP, Pierian Services Private Limited), and Abdul Paravengal (ex CBO, Shipper).

- Advertisement -

“The startup plans to deploy funds to enhance the technology stack and acquire more supplies,” the startup said.

Additionally, the start-up plans to expand aggressively across cities including Delhi-NCR, Pune, and Chennai, targeting creating an inventory of more than 2000 beds in the next 6 months for the urban professionals.

Speaking on the funding in Settl, Neeraj Tyagi, Co-founder & CEO, We Founder Circle said, “Their property options are designed keeping in the taste & living standard of urban young executives & so no doubt they are growing very fast. We are happy to support the founders & excited to look at the future growth potential.”

“Since covid and work from home are coming into play – a lot has changed for the real estate world and in the rental space. Hence, a lot of people are investing to enter the market at its lowest. A lot of changes are expected to happen. Although everyone is learning as they go, the early entrants would benefit the most. Settl has great potential to become a beautiful one-of-the-first mix of co-living + co-working if the founders play their cards right,” stated Karn Rajani, Venture Partner, ah! Ventures.

- Advertisement -

Commenting on the fundraise, Bharath Bhaskar, Co-Founder, Settl said, “We are building a network that caters to the modern needs of Flexi living where Settl brings thoughtfully designed spaces and curated experiences with a bunch of amenities that makes city living effortless.”

- Advertisement -

THE SNAPSHOTS, IN YOUR INBOX

Get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

- Advertisement -
Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
spot_img

More Latest Stories

Related Stories