Lodha group MD & CEO Abhishek Lodha and Godrej Properties executive chairman Pirojsha Godrej have made an investment in co-living firm Housr that plans to infuse Rs 350 crore by end of the next year to reach 50,000 beds, a top company official said. Housr, which has been co-founded by Tribeca Developers MD Kalpesh Mehta and Deepak Anand, did not disclose the amount infused by the two promoters and three investors -- Abhishek Lodha, Pirojsha Godrej and Unimark group Chairman Harsh Patodia. However, it said the funds have been raised at a "USD 30 million pre-money valuation". The co-living firm has already taken on lease 10,000 beds in Gurugram (Haryana), Noida (Uttar Pradesh), Mumbai and Kota (Rajasthan). Housr has taken on long-term lease two residential towers from realty firm Tulip Infratech to launch its first co-living project in Gurugram. This property would be operational in 4-6 weeks in a price range of Rs 10,000-25,000 per month per bed including breakfast. Co-living ...
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Tuesday, 30 April 2019
Co-living firm Housr raises fund from Pirojsha Godrej, Abhishek Lodha
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