Indian co-living space on Tuesday received yet another player with Housr announcing its operations in the fast-growing business segment. The Gurugram-headquartered firm, which commenced operations in a stealth mode about six months ago, said it has locked in over 10,000 beds across key locations such as Delhi NCR, Mumbai and Kota.
“Housr sits at the cusp of three emerging trends – shared economy, technology and cultural urban migration. With a historic shift in the way people live, primarily led by technology and urbanisation, we recognise the need for modern living spaces that are conducive to the needs of today’s technologically-savvy professionals,” said Deepak Anand, Founder and CEO, Housr. The company aims to expand its footprint to over 50,000 locked-in beds by entering markets such as Chandigarh, Pune, Bengaluru and Hyderabad over the next 18 months.
Founded by Anand and co-founder Kalpesh Mehta, Housr has received investments from major real estate moghuls such as Lodha Group MD and CEO Abhishek Lodha, Godrej Group Executive Chairman Pirojsha Godrej and Harsh Patodia, President Elect of CREDAI and Chairman, Unimark Group, at $30 million pre-money valuation.
“Housr has all the ingredients required to disrupt this space through a super aggregated, and community first approach. As a developer and an investor, I look forward to supporting Housr to transform the co-living industry in India,” said Lodha.