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HooLiv, a co-living and student housing start-up, has raised INR 24 crore from investors led by Negen Capital to boost its expansion in non-metro cities. Founded by Chinmoy Mishra, Rasmi Mishra, Gaurav Vij, and Abhishek Verma, the company plans to use the funds for acquiring beds, enhancing its brand presence, and upgrading its property management technology. CEO Chinmoy Mishra highlighted the sector's transformation, citing future consolidation and stronger university partnerships. With this funding, HooLiv aims to scale its portfolio, strengthen operations, and address India's growing need for organised student housing beyond major urban centres.
HooLiv, a start-up specialising in co-living and student housing, secured an investment of INR 24 crore from a consortium of investors led by Negen Capital earlier this week. Founded by Chinmoy Mishra, Rasmi Mishra, Gaurav Vij, and Abhishek Verma, the company intends to utilise the newly raised capital to accelerate its growth in non-metro markets. Advertisement
According to the company's statement, the investment will primarily support bed acquisitions, brand-building activities, and technological improvements in its proprietary property management platform. Chinmoy Mishra, Founder and CEO of HooLiv, remarked that India's student housing sector is undergoing a transformative phase and noted that the coming years are likely to bring consolidation, the rise of PropCo/OpCo models, and stronger collaborations with universities.
The fresh capital infusion marks a strategic step for HooLiv in scaling up its student housing and co-living portfolio beyond major metros. By focusing on smaller cities and strengthening operational technology, the company aims to tap into India's growing demand for organised student accommodation. The management believes this investment will help HooLiv establish a robust footprint in the evolving co-living ecosystem.
Source - PTI
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