Other Deals
co-living startup HooLiv raises funds by trading subscriptions on Recur Club
HooLiv, a New Delhi based co-living startup, has raised non-dilutive growth capital by trading subscriptions on Recur Club, a subscription-based financing platform. It had previously raised a seed round in 2020. Founded in 2019 by serial entrepreneurs Chinmoy Mishra, Gaurav Vij, and Abhishek Verma, HooLiv intends to provide students with hassle-free affordable housing options. It is present in cities including Delhi, Pune, Meerut, Jaipur. The funds raised are under an alternative financing method through Recur's platform, where organisations connect with institutional investors to trade their subscriptions or future revenue for upfront capital, reducing the need to dilute equity.
From the Venture Intelligence PE-VC Deal Database: In Feb-20, HooLiv raised $0.16 M. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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