Your-Space generates $10 million in series A funding
Real Estate

Your-Space generates $10 million in series A funding

Your-Space, a student housing startup, has raised $10 million in series-A funding a combination of pure equity and convertible debentures led by personal investments from Shantanu Rastogi of General Atlantic and Ajay Gupta's Capital Foods family offices AJAX Capital and Holy Basil Consultancy.

Manish Choksi's Vice Chairman of Asian Paints family office, Sunidhi Group's family office, and Sanjaya Gupta former MD and CEO of PNBHFL were among those that participated in the investment round.

Shubha Lal, co-founder and COO of the company, told the media that the funding will enable them to strengthen their position in a crowded and competitive market. It offers the firepower they need to keep delivering high-quality global service at scale.

The cash will be used to expand the company, with an emphasis on metros and tier I cities. A portion of the funding will be used to bolster and keep the core staff.

Your-Space now operates over 7,000 beds in nine cities, with ambitions to expand to over 20,000 beds by July 2022 for the upcoming academic year 2022-2023.

Your-Space is an IIM - Cambridge - Oxford alumni initiative aimed to provide a safe, hassle-free, and memorable hostel experience for young adults living away from home for their education.

The country's major vaccination effort, as well as the gradual reopening of schools, is likely to help hostels and PGs generate some money.

Image Source

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Your-Space, a student housing startup, has raised $10 million in series-A funding a combination of pure equity and convertible debentures led by personal investments from Shantanu Rastogi of General Atlantic and Ajay Gupta's Capital Foods family offices AJAX Capital and Holy Basil Consultancy. Manish Choksi's Vice Chairman of Asian Paints family office, Sunidhi Group's family office, and Sanjaya Gupta former MD and CEO of PNBHFL were among those that participated in the investment round. Shubha Lal, co-founder and COO of the company, told the media that the funding will enable them to strengthen their position in a crowded and competitive market. It offers the firepower they need to keep delivering high-quality global service at scale. The cash will be used to expand the company, with an emphasis on metros and tier I cities. A portion of the funding will be used to bolster and keep the core staff. Your-Space now operates over 7,000 beds in nine cities, with ambitions to expand to over 20,000 beds by July 2022 for the upcoming academic year 2022-2023. Your-Space is an IIM - Cambridge - Oxford alumni initiative aimed to provide a safe, hassle-free, and memorable hostel experience for young adults living away from home for their education. The country's major vaccination effort, as well as the gradual reopening of schools, is likely to help hostels and PGs generate some money. Image Source

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000