Co-Living Startup HooLiv raises funding from Kolte-Patil Family office

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HooLiv is a New Delhi based Co-living startup that provides students with a modern form of Co-living and improves the quality of life by focusing on three crucial aspects: Comfort, Convenience, and Community.

HooLiv Founders - Chinmoy Mishra (In Blue), Abhishek Verma (In Black) and Gaurav V (In Brown)
HooLiv Founders – Chinmoy Mishra (In Blue), Abhishek Verma (In Black) and Gaurav V (In Brown)

HooLiv founded in 2019 by serial entrepreneurs Chinmoy Mishra, Gaurav Vij, and Abhishek Verma. The startup provides students across the country with hassle-free affordable housing options.

 

Funds raised

New Delhi based Co-living startup, HooLiv raised an undisclosed amount from the Kolte-Patil family office (KPFO).

Chinmoy Mishra, Co-founder, and CEO of HooLiv, said that the startup would be using the funds to hire across the functions to expand into newer cities in India. The capital raised will help the company make key hires across verticals and set the base for our company to expand into other cities across the country.

Commenting on the investment, Chinmoy Mishra said-

“We believe in the ideology that the fundamentals of starting and scaling a business in any field remain the same, and this is where we are looking to leverage on our experience of taking the venture from an idea to execution to exit. Additionally, our strength in technology can play a crucial role in streamlining and optimizing the processes involved in running and managing student accommodations.”

 

The current Market value of Hooliv

Founded in 2019, HooLiv is already live with over 300 beds across Key locations such as Bhubaneshwar, Meerut, and Pune. Over the next 12 to 18 months, the company plans to expand its footprints by entering Tier-II and Tier-III markets.

The Strategic investments in HooLiv will give us a chance to not only collaborate with an experienced team but also step in with an understanding of the nuances of the Real Estate Sector.

Conclusion: New Delhi based Co-living startup raised an undisclosed amount of funds from KPFO. The company plans to invest the funds in key hire verticals and collaborating with an experienced team and also get an understanding of Nuances of the real estate sector.

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