Co-living operator Hyphen raises $1-M

Bengaluru-based co-living operator Hyphen (formerly Dwellingo) has raised USD 1 million (approximately USD 8 crore) from investors in a pre-seed round. The funds raised comprise a combination of equity and minority debt, with the participation of angels from Silicon Valley and Sriram Puthucode, former VP at Symantec Global. The company plans to use the fresh capital for launching new products, expansion and for integrating technology and automation. Hyphen plans to have 6,000 beds and expand into five markets, starting with Hyderabad, Pune, Chennai, and Delhi-NCR, by 2023.