PE-VC Fund Investments
Co-living space provider Colive raises $20-M led by Bain Capital
Bengaluru-based co-living startup Colive has raised USD 20 million (INR 176.32 crore) in a Series B round led by Bain Capital, with participation from its existing investor Sattva Group.Founded in 2016, Colive provides a network of fully managed ready-to-move-in homes. The firm targets professionals who are single as well as young couples. The platform currently operates across Bengaluru, Chennai, and Hyderabad. The fresh funding will be used by the company to enhance technology infrastructure and expand its market presence.
In Mar-18, Colive had attracted about USD 1.85 M from Ncubate Capital.For FY24, Colive had reported about INR 40 Cr in Operating Income and about INR 25 Cr in Net Loss.
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