Co-living startup Settl raises $500-K from ah! Ventures, We Founder Circle, others

Bengaluru-based Settl, a managed-accommodation platform, has raised USD 500,000 in a seed round. The funding round witnessed participation from We Founder Circle, ah! Ventures, and other angel investors like Saurabh Jha, director- growth and analytics, Housing.com; Ashu Dubey, principal product manager, Linkedin; Mahesh Pillai, senior vice president, Pierian Services Pvt Ltd; and Abdul Paravengal, ex-CBO, Shipper. Settl plans to deploy the funds to enhance its technology stack and acquire more supplies. It also plans to expand across cities, including Delhi-NCR, Pune, and Chennai, targeting an inventory of more than 2000 beds in the next six months for urban professionals.