New Delhi: Settl, a co-living operator, has seen a twofold increase in fiscal revenue to about Rs 17 crore, and it has ambitions to increase its capacity by 2.5 times to 5,000 beds by March of the following year.
The company, which offers working professionals high-quality rental housing, currently has over 2000 beds at 40 locations throughout Bengaluru, Gurugram, and Hyderabad.
Settl, a startup based in Bengaluru that costs between Rs 12,000 and Rs 18,000 per bed, said on Monday that it is now trying to reach the Noida, Pune, and Chennai markets. Settl, a startup based in Bengaluru that costs between Rs 12000 and Rs 18000 per bed, said on Monday that it is now trying to reach the Noida, Pune, and Chennai markets.
A few property owners in three locations where it already has a presence and in three additional areas are in advanced discussions with the company. By September, the contracts should be signed.
“The co-living segment was one of the worst-affected sectors due to the closure of offices and educational institutions. However, it has bounced back sharply with employees returning to the office fully or in hybrid mode,” explained Tripathi, emphasizing the resilience of the industry.
