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.

Coliving Giant Zolostays Makes Foray Into Luxury Hotel Space With Launch Of Hotel Z - Triloha In Bengaluru

The hotel will feature 57 elegantly furnished guest rooms equipped with state-of-the-art amenities

The launch is part of Zolo’s expansion plans into newer segments to cater to discerning customers

Zolostays, India's largest co-living and student-housing platform, is set to expand its reach and offer its signature hospitality to a new audience with its first foray into the luxury segment. The company announced the launch of its first luxury hotel in India, Hotel Z Triloha, located in the heart of Bangalore's bustling neighbourhood. The hotel's strategic location places it just minutes away from major tech parks like Embassy Tech Village, RMZ Ecoworld, Cessna Tech Park, and leading companies such as Adobe, Myntra, and LinkedIn.

The hotel features 57 beautifully appointed guest rooms, each with a spacious and luxurious interior, plush bedding, and state-of-the-art amenities. The hotel also offers a range of suites, including a luxurious presidential suite, perfect for guests seeking an elevated experience.

Hotel Z also boasts of a range of dining options, including a restaurant serving an exquisite selection of international and local cuisine, with an array of culinary delights served as complimentary breakfast. The rooftop restaurant is the perfect spot to enjoy a refreshing drink and take in the panoramic views of the city.

For those seeking relaxation and rejuvenation, the hotel's state-of-the-art fitness centre is equipped with the latest equipment and is open 24 hours a day, ensuring that guests can maintain their exercise routines during their stay. Hotel Z also offers a range of event spaces, from conference rooms to theatre rooms that can accommodate up to 30 guests.

"We are excited to launch Hotel Z - Triloha, where we aim to provide unparalleled service and hospitality that surpasses our guests' expectations and leaves them with unforgettable experiences," stated Dr. Nikhil Sikri, Co-founder and CEO of ZoloStays. "Our entry into the luxury segment with this launch in Bangalore marks a significant milestone in our expansion plans. As a business, we understand the importance of diversifying our customer base, exploring new revenue streams, and expanding into new markets to drive long-term success. With this launch, we aim to provide comfort and convenience to both travellers and locals in one of India's most vibrant cities. Our expansion strategy is built on extensive market research and a deep understanding of local culture and regulations, coupled with an unwavering commitment to excellence."

About Zolo Stays

Headquartered in Bengaluru and founded in 2015, Zolostays is India’s largest co-living and student-housing platform. At the company's helm are three young entrepreneurs, Nikhil Sikri, Akhil Sikri, and Sneha Choudhary - all fiercely passionate about making a difference in the overcrowded co-living market by keeping customer experience and technology as their core focus. Zolostays’ offerings are divided into three verticals: Coliving Spaces, Student Housing, and Pre-leased Real Estate Investment. And underpinning all these three verticals is the company’s core philosophy of providing hassle-free living with freedom, flexibility, and functionality.

Co-living Startup Settl Raises $500K in Seed Round From Ah! Ventures, We Founder Circle and Others

Settl Team (Left to Right) Bharath Bhaskar, Abhishek Tripathi, Ashok Reddy Sagar

Settl, a technology-driven managed accommodation platform, has bagged an investment worth $500K in the seed round. The funding round witnessed participation from an esteemed array of investors- We Founder Circle, ah! Ventures and other angel investors like - Saurabh Jha (Director- Growth and Analytics, Housing.com), Ashu Dubey (Principal Product Manager-Linkedin), Mahesh Pillai, Senior Vice President, Pierian Services Private Limited and Abdul Paravengal (ex CBO, Shipper).

The organization plans to deploy funds to enhance the technology stack and acquire more supplies. 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.

“Settl is disrupting the Co-living concept by offering fully managed living spaces using their years of experience in this domain. They offer multi-city multi-location beautiful 1&2 BHK options at your fingertips using smart tech. 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.” said Mr. Neeraj Tyagi-Co-founder and CEO, We Founder Circle.

“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” said Bharath Bhaskar, Co-Founder, Settl

"There are competitors in the space, but the space still has a lot of 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. The founders have strong industry expertise, and their GTM & Business Expansion strategy is also clear and aggressive.", stated Karn Rajani, Venture Partner, ah! Ventures.

In a short span of slightly more than a year, Settl has already locked 1200 beds across 2 cities. It is witnessing a rise in demand at the rate of 30% quarter on quarter. With the fresh funds infusion, it aims at serving over 3000 clients per month.

About Settl

Settl, a Bengaluru based, technology-driven managed accommodation platform, is focused on providing an appropriate and quality living experience for the urban working inhabitants. The start-up helps millennials to save their valuable time for things. They provide well furnished rooms, 24/7 power backups, high-speed internet, normal deposits, to all-inclusive rent. The USP of the company is to facilitate with tech-enabled property management.

About WFC

We Founder Circle is a global community of successful founders & strategic angels, established in 2020, Mumbai. The union has come together to support the ambitious startups to accelerate their growth in the industry. WFC funded USD 50K- USD 150 K amount in the initial stage of startups that are aspiring to grow with sustainable and strategic tactics. The brand facilitates seed funding, business development, and global networking opportunities to startups as it believes early-startups need support in other sectors also to attain stability and scalability.

Revolutionising Real Estate Rental Market - Colive Launches Bid-4-Bed for Hybrid Living Accommodations

Bengaluru, 2nd August 2021: Colive, India’s leading technology-enabled rental accommodation provider, joins hands with Nilkamal, one of India’s largest furnishing companies, for transforming its co-living properties into hybrid-living accommodations. Through this transformation, Colive aims to enhance its customers’ living experience with plug-and-play homes that provide a hybrid working environment. 

Colive also launched a unique concept ‘Bid4Bed,’ wherein prospective tenants will select a property based on their location and sharing preference and simply place a bid/offer that suits his pocket conveniently reducing the traditional long negotiation conversations making the whole process complicated & unorganized. This allows tenants to quote a fair estimate of what they’re willing to pay for a listed hybrid living accommodation. If the bid is approved, the customer is required to pay the remainder and move in. If the bid is rejected, they receive a counteroffer. Alternatively, they can opt out of the bidding process and receive a refund on the initial amount. 

The customer can bid either by property or by location basis the price trends in a micro market which will be visible for him/her to take an informed decision. The bids will be notified to all the properties managers & accepted on first cum basis. This reduces the scope of human error and brings in full proof transparency now the sales executive just need to ask customer to make a bid & no need to proof the price point.

“Priceline is considered to be one of the most remarkable success stories in recent years, Priceline is best known for its name-your-own-price that led to its height of success, in which consumers bid for services but not for service providers. Because Priceline serves as an opaque selling mechanism, it attracts price-conscious consumers. This disrupted & revolutionised the way consumer bids & books Airlines, Hotels & Rental cars in the US. Many other organisations use this mechanism & are profitable. Roles of a buyer and seller are exchanged, i.e. sellers which can provide the service at the price mentioned by the buyer wins the auction”.

In a post-pandemic world where work from home is a prominent mode of work and numerous companies, as well as start-ups, are adopting the home-office model, spaces that strike the perfect balance between personal and professional life have become essential. 

With standardised facilities like that of a corporate office, having workstations and meeting rooms will allow for professional networking and efficient working. It would increase work efficiency and help professionals to maintain their workflow while being able to save on office rent/buying costs. Lack of oversight/standardisation protocols for landlords leads to tenants feeling powerless. At Colive, bidding solves this problem decisively for tenants.

Suresh Rangarajan, Founder and CEO of Colive, says, “Remote working is made even harder for the young professionals who are struggling to get high speed secured wifi & 24x7 power back up at their home town in say Saharanpur, UP with no guarantee that it won’t break down in middle of your important zoom meeting & the hassle of maintenance efforts and loss of important time. Hence, to help people cope with the redefined work culture in a post-pandemic world, Hybrid Living equips you with facilities that are both cost-effective and increase work efficiency. These include a a proper formal working atmosphere, reliable round-the clock-power backup, strong Wi-Fi network and dedicated conference rooms to conduct meetings.”

“As technology gets smarter, so must users. The current market is dominated by the demands of buyers, the supply is abundant and available at a single click. It is easy to compare options and find the right deal. We have received more than 2,000 bids until now under Bid4bed for hybrid living properties and have observed an uptick of 60 per cent in reservations at Colive since bidding has been implemented,” he added.

Colive aims to implement a transparent protocol that extends across PGs, co-living spaces, hostels, and housing in general -where the end-user retains maximum choice with maximum control. Bidding is a simpler process because it saves time for both sales reps and customers by eliminating manual negotiations. Bidding also lets a user (home seeker) stay within their budget while hunting for deals. For further information; https://www.colive.com/bidding/

In The Cradle Of Luxury And Positive Energy: Adar Poonawala and Gaurav Kapur Launches Co-Holistic Living Wellness Space - Avas Wellness

With health and wellness taking centre stage, people today are looking for ways to enhance their everyday quality of living. Bringing together and building a community of like-minded people who share commitment and concerns towards fundamentals of health and wellness, forward looking business entrepreneur, Aditya Kilachand today announced the launch of the Avās Wellness Living Project in Alibaug. 

Avās Living offers a first of its kind community development, inclusive of an enclave of resplendent, eco-friendly homes and an indulgent spa and wellness centre. Multi-cuisine cafes, jogging tracks, an elegant leisure pool, nature immersed living, along with a world class spa are a few elements that help define the Avas Wellness experience of “Living Well, Living Healthy & Living Safe”, bringing an exquisite blend of luxury living, with seamless wellness technology embedded in it.

Adar Poonawala

Aditya Kilachand

Gaurav Kapoor

Deriving its name from the Sanskrit term Avās, which means “to inhabit”, the Avās Wellness Living Project holds the fundamental concept of holistic living and community, encouraging individuals to “inhabit” their “best self”. All connected easily through tech, Avās employs a thoughtful blend of Ayurveda and modern wellness science into the design of its spaces and wellness programs, with the goal of promoting wellness as a lifestyle. 

Designed around a futuristic wellness facility and submersed in nature, Avās focuses on a biophilic design. One of the world’s most highly regarded architectural firms, SAOTA has designed Avas Living along with its state-of-the-art Spa and Wellness Center that will serve as the cornerstone of the project. Avas Living and the Avās Holistic Wellness Spa are SAOTA’s maiden project in India that have been designed with the aim to reignite one’s connection with their mind, body and spirit through a collection of factors that have proven to positively affect one’s mental health and state of being.

While talking about his dream project, Aditya Kilachand, CEO of Avās Wellness says -

Avās Wellness is a futuristic, world-class vision that competes with the best internationally. Our homes are customised to refiect your individuality. They offer a 360-degree living experience, with a strong emphasis on Health and Goodness. We believe health is the ultimate luxury in today’s world. And we have created our community around it. The Avās spas are mindful of specific individual needs and mould themselves to a programme designed to heal and revive.

Avās endeavours to be a luxury wellness company with technology at its core. The aim is to build a community that believes in holistic wellness as a lifestyle and is looking for a personalised experience with measurable results, by assisting you in how to sleep and eat better, breathe better and live better. Additionally, by bringing together a mix of world renowned designers and architects into the fold, Avās aims to deliver a superior and unique wellness experience. The project has reignited the dream of a home with wellness at its core and state-of-the-art facilities that create a sanctuary in the picturesque town of Awas, Alibaug.

Adar Poonawalla, CEO at Serum Institute of India and key investor at Avas Wellness says, “Avas Wellness has the first mover advantage, in an area I have been passionately committed to for over two decades - good health and mental well-being. I believe the Avas concept of combining luxury with a well thought through holistic lifestyle deeply resonates with my personal philosophy of treating my body and mind with utmost respect .A world class rejuvenation centre that relies on sophisticated technology and is easily accessible , refiects a shared vision for the future”

This passion project is also backed by marquee investors and leading global wellness collaborators. Gaurav Kapur, Investor in the Avās Wellness project who hails from the prominent Yes Bank family says, “The need for a second home, away from the city is increasing exponentially. Avās Wellness bridges the need gap by providing an ideal luxury living space bringing the best of two worlds - technology and infrastructure together and making it the perfect choice. With the wellness aspect attached with Avās Wellness, they will uplift the everyday quality of living on multiple levels - physical, mental, psychological and spiritual as well as find a place to rejuvenate."

About Avās Wellness

Avās Wellness is a premier luxury wellness company, leading the way in developing wellness living spaces in India, such as its Wellness Living Project in Alibaug. Alibaug is a quaint, coastal town intertwined with rich culture, breathtaking nature and untold stories just 20 minutes south of Mumbai. The Avās Wellness project is the passion project of Aditya Kilachand, backed by marquee investors Adar Poonawalla and Gaurav Kapur. Avās Wellness has partnered with the world’s leading architectural firm SAOTA for designing its best-in-class wellness spas and homes. The project has reignited the dream of a home with wellness at its core and state-of-the-art facilities that create a sanctuary in the picturesque town of Alibaug.

Starcity Acquires Ollie, Accelerating Its Growth as a Vertically Integrated Global Coliving Company

Starcity is acquiring Ollie’s key assets, including its technology, intellectual property, and business agreements in major cities, which when combined with Starcity, will create one of the largest coliving developers and operators globally.

Ollie is widely recognized as a pioneer in the coliving asset class and has partnered with institutional owners to deliver much needed affordability and community to top tier cities such as New York, Los Angeles, the San Francisco Bay Area, and Boston. Additionally, Ollie has built a proprietary technology suite of services to foster community engagement, deliver hospitality services and provide roommate matching within its communities.

Following the transaction, Ollie’s key personnel will join Starcity to create a leading organization with the mission to make great cities accessible to everyone. “We are thrilled to bring on board such a high caliber team with institutional grade communities. Most importantly, we are humbled to expand our inviting, hands-on experience for more residents globally,” said Jon Dishotsky, CEO and co-founder of Starcity. Starcity will spend the coming months integrating the Ollie team, residents, and partners onto its platform. With the acquisition, Starcity will now operate over 1,500 units globally, with over 3,000 units in its development and operations pipeline throughout North America and Western Europe and over 10,000 units in negotiations.

Starcity has been expanding its footprint in the coliving industry with a focus on major cities in North America and Europe. With this acquisition, Starcity further establishes itself as a best-in-class owner and operator in institutional coliving with a full suite of services.

“Bringing the Ollie platform into Starcity gives our residents, clients, and team a company that is aligned on our housing philosophy, facilitating further growth of attainable housing nationally and globally,” said Gregg Christiansen, Ollie’s President. “I am excited to see what we can accomplish together.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20201203005275/en/

Bangalore-based Settl. announces it's entry in India's fast-growing co-living market

BANGALORE, India , Nov. 10, 2020 /PRNewswire/ -- Settl. , the newest entrant in the co-living industry formally announces operations. Founded in July 2020 by three young entrepreneurs, Abhishek Tripathi , Bharath Bhaskar and Ashok Reddy , Settl. is a technology-driven accommodation platform focused on providing a convenient and high-quality living experience for young millennials. The start-up aims to create experiences and foster communities through state-of-the-art technology-enabled co-living spaces.

Operating in stealth mode since July 2020 , Settl. today announced that it has locked in 300+ beds across key locations in Bangalore already. Over the course of the next 15 months, the company plans to expand its India footprint with 2,000+ locked-in beds by entering markets such as Hyderabad , Pune , and Delhi NCR among others.

Headquartered in Bangalore , Settl.'s vision is to transform the way millennials live through high-quality co-living spaces which make their lives easier, more convenient, fulfilling, and memorable. Targeting primarily young professionals and students, the company's goal is to become the one-stop destination for modern shared accommodation. In the wake of the ongoing pandemic, Settl. is ensuring that the safety of its employees and residents remains at the centre of doing operations and has introduced a host of measures such as regular cleaning of all common touch points, touch-free food and e-commerce deliveries, disinfected and clean rooms before move-in.

Abhishek Tripathi , Co-Founder, Settl. said, "As a young and a distinctive start-up that started its operations in the middle of the pandemic, we believe that the modern shared accommodation is the future of living, driven by a thriving shared economy paired with technology-driven accommodation to serve a young demographic. What really sets us apart is our business model - we are asset light and have a razor sharp focus on unit economics." 

Team Settl

Settl. will offer unique co-living spaces that will cultivate vibrant communities by bringing people, interests, and lifestyles together. The company promises to take away the daily hassle out of their members' lives and will help them save their valuable time for things that they love and are passionate about. From fully-furnished rooms, 24/7 power backups, high-speed internet, nominal deposit to all-inclusive rent, Settl.'s vision is to bring millennials together by providing them a true community experience enabled by its co-living spaces.

Abhishek adds, "Today, collaborative consumption has become a global trend, and our country is following suit. This presents an exciting opportunity for us to present the younger audience, beautifully designed spaces with a tech-enabled solution to make their stay with us worthwhile."

About Settl.

Settl. is a technology-driven accommodation platform focused on providing a convenient and high-quality living experience for young millennials. Founded in July, 2020 by three young entrepreneurs Abhishek Tripathi , Bharath Bhaskar and Ashok Reddy , Settl. takes the daily hassle out of rental accommodation so members have more time to do the things they're passionate about. Each property under Settl. provides fully-furnished rooms, 24/7 power backups, enterprise internet, nominal deposit to all-inclusive rent