PE Fund Investments
Student housing platform Amber raises $21-M led by Gaja Capital
Pune-headquartered student accommodation platform Amber has raised USD 21 million in its first round of institutional funding, led by private equity firm Gaja Capital. The round comprises USD 18.5 million in fresh equity and USD 2.5 million in venture debt from Lighthouse Canton and Stride Ventures.The funds will be used for global expansion, product development and to enhance the firm’s offerings for property managers and students. The company plans to grow by enlisting more suppliers and property managers, while also focusing on scaling the demand from both international and domestic students.Founded in 2017 by Saurabh Goel and Madhur Gujar, Amber focuses on Indians studying in the US, the UK, Ireland, Australia and Canada. The company claims to be present in seven countries and over 250 cities. It aims to add 100-200 more cities over the next two years.
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