Bain Capital, Sattva Group and Colive Launch $100M Co-Living Platform; Colive Secures $20M from Bain Capital

Colive, India's leading and Bangalore's largest co-living platform, today announced a strategic partnership with Bain Capital and Sattva Group to establish a pan-India co-living real estate platform with an initial commitment of at least $100 million. The new platform will be dedicated to acquiring land, developing flagship communities, and delivering purpose-built rental housing across India’s largest urban centers, meeting the growing demand from young professionals and students for high-quality, community-driven living spaces.

As part of the partnership, Colive also raised $20 million in strategic funding, spearheaded by Bain Capital, with strong backing from long-term partner Sattva Group. The $20 million operational investment will power Colive's accelerated growth trajectory through enhanced technology infrastructure, expanded market presence, and reinforced market leadership in tech-enabled rental housing solutions across India.

This exclusive real estate platform, managed by Colive, has completed initial land acquisitions in Pune and Bengaluru, with nearly 0.5 Mn sq ft of Coliving spaces under development. Additional opportunities are being actively evaluated in Bangalore, Pune, and Hyderabad. The PropCo initiative targets 8-10 flagship developments in the immediate term, creating a scalable foundation for Colive's pan-India expansion. While the platform is being launched with an initial commitment of $100 million, the partners view the opportunity as scalable over time and open to considering additional investments as attractive opportunities emerge.

The platform will deliver intelligent, fully furnished, professionally managed residences strategically positioned near major employment hubs and educational centers, addressing the evolving lifestyle demands of Gen Z and millennial residents while providing seamless transitions for India's urban migrants.

Strategic Vision and Market Leadership

"India is experiencing a fundamental transformation in urban housing preferences, and Colive stands uniquely positioned to address this surging demand through technology-enabled, community-focused living solutions. Our investment commitment demonstrates our unwavering confidence in this market category and Colive's established leadership position," stated Sarit Chopra, Partner at Bain Capital.

"At Sattva, we have long believed that co-living is a critical enabler of India's urban transformation. We have deepened our partnership with Colive significantly over the last few years, which reflects our conviction that this sector holds immense potential. While demand from young professionals migrating to cities is robust, the real challenge lies in creating quality supply that matches their aspirations and lifestyle needs. Through this partnership with Bain Capital, we are bringing international standards and global best practices to India while establishing a dedicated PropCo platform for purpose-built assets and are positioned to scale solutions that will shape how India's next generation lives and works in our cities," emphasized Bijay Agarwal, Managing Director, Sattva Group.

Technology-Driven Community Experience

Founded on the transformative mission of becoming "Your Family, Away from Family," Colive is reshaping urban living through its distinctive 6 Star Living framework: Style, Safety, Smart, Service, Savings, and Social. Colive's proprietary technology ecosystem orchestrates the complete resident experience—from streamlined digital onboarding and automated payment systems to app-integrated safety protocols, maintenance coordination, and concierge services—delivering a secure, interconnected, and dynamic community-centered lifestyle that establishes new benchmarks in metropolitan living.

As India navigates unprecedented urban migration, demand for premium rental housing continues its upward trajectory. Colive addresses this market opportunity by developing environments that exceed basic accommodation, featuring thoughtfully curated common spaces, organized community programming, and an integrated digital platform that cultivates authentic connections and exceptional convenience.

Future Growth and Market Impact

"This funding represents a pivotal moment in Colive's journey to revolutionize urban living for young professionals throughout India. It signifies strong investor confidence in our vision and enables accelerated scaling, continuous innovation, and deeper commitment to developing intelligent, community-centered living environments that genuinely feel like home” added Suresh Rangarajan, Founder & CEO, Colive.

PropTech Platform Colive Launches Gurukool to Offer Community Engagement Programmes to Students

Students can bond with like-minded residents based on the interests though different clubs and socialise with housemates at the events hosted at the residences

Bengaluru, 21 Sep 2021: Colive, India’s leading prop-tech platform for rental accommodation, announced the launch of Gurukool, an initiative focused on college students. Gurukool is a community- building programme in which in-house competitions and contests like sports, gaming, talent shows, festive celebrations, karaoke and DJ nights are hosted. To make the programme engaging, there are clubs for like-minded people to bond and regular events hosted to socialise.

Colive offers fully-furnished rooms with chic and contemporary interiors. Colive properties have sprawling common spaces, tech-enabled safety features and an emergency response team. These are fully-managed homes with repairs and maintenance support, high-speed Internet, premium amenities and services, through the Colive App. Colive’s wide selection of premium amenities to unwind, relax and entertain residents include the cinema room to watch live sports, TV shows, movies and special screenings together. The terrace lounge with a star-gazing deck and barbecue set-up is specially designed for fun times. In the fitness room, one can sweat it out with fellow Colivers and use the PlayStation, play table tennis, foosball, darts, board games and more for a daily dose of entertainment. There is space for group study, brainstorming and socialising. The community kitchen comes fully equipped with all utilities.

Suresh Rangarajan, Founder and CEO, Colive, said, “the concept of co-living is more than just a place to crash after a day’s run. The pandemic created a push button for the sector by leveraging tech and driving the demand for all-inclusive stay facilities for students. In fact, Millennials are not looking for cheap or affordable stays anymore. They are looking for a safe and clean accommodation, uninterrupted WiFi and food. This clearly shows there is an upward swing in students getting back to cities who are also in need of accommodation. We realised the opportunity and decided to offer them more than a place to stay but to offer opportunity to socialise and engage with their peers to make the stay memorable".

Colive recently launched another initiative called #CoLiveAndLetLive to help deserving and needy Indian and Afghan students by offering a free-stay scholarship for a semester across all Colive properties in all 4 cities of presence (Bangalore, Chennai, Hyderabad and Pune). Students can apply for the scholarship via the application form bit.ly/coscholarship. Upon selection, the entire semester stay will be free for these students. Only food and consumables need to be paid for every month, while the stay will be completely free.

Rental Accommodation Platform Colive Announces 'Stay Scholarship' for Afghan Students in India

Suresh Rangarajan, Founder and CEO - Colive

Colive, India’s leading prop-tech platform for rental accommodation, launched #CoLiveAndLetLive to offer 100 stay scholarships for Afghan students stranded in India. These students need to complete an online application form, submit a 30-second video, along with all KYC documents, including FRRO registration and a bonafide college certificate, to apply for this scholarship. Students can stay rent free in any of the Colive properties spread across 4 cities (Bangalore, Hyderabad, Chennai & Pune) for the current semester or until December 31st, 2021. Colive has already received 15 applications, and five Afghan students have moved into Colive’s property in Bengaluru.

With the threat of bank accounts being frozen and limited contact with family back home, the mental stress that the students are going through is agonising. The initiative by Colive has been welcomed by Afghan students and their friends in the student community.

Suresh Rangarajan, Founder & CEO, Colive, said, “Attithi Devo Bhava” is a true Indian spirit and we wanted to do something in our control to offer comfort for the Afghan students who have come here to pursue their higher education. It is our small way of helping these deserving students to avail themselves of a stay scholarship that has been rolled out now!”

Abdullah Masoudi, an Afghan student, studying at Jain University said “This gesture from Colive shows the real heart of Indians and Indian startup ecosystem. We have only heard about their hunger for growth & valuation, but with this stay scholarship, shows the human side of business. Long live Colive!”

Anyone can spread the message by posting on social media handles about the stay scholarship with #CoLiveAndLetLive so that deserving Afghan students can apply.

In an earlier announcement, Colive offered stay scholarship for deserving Indian students pursuing higher education in urban markets across the country. Students need to fill in basic details online and share along with a 30 second video reel online. Upon selection, the entire semester stay will be free for these students. Only food and consumables need to be paid for every month, while the stay will be completely free.