9 startups which help you find your Paying Guest (PG) accommodation with ease

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The residential rental market in India is pegged between $18 billion and $20 billion, according to industry estimates. Whereas, the emerging student accommodation market is estimated at about $10 billion. Student and young professionals, migrating away from their homes for studies or jobs, invariably find it difficult to locate a good housing accommodation which can give them the comfort of their own home.

In last 3-4 years, there has been a surge in startups which have looked to formalize the paying guest/hostel spaces with branded and managed properties.

Here is a look at 9 of such startups (in alphabetical order) which can provide you with the comfort of home away from home.

11

Aarusha Homes

Aarusha Homes Pvt. Ltd., runs a chain of low-budget hostels for students and migrant workers. This startup aims to provide safe, affordable and quality housing. The company also runs several women-only accommodation units and claims to have 40 per cent of female tenants.

Cities served: Bangalore, Hyderabad and Pune
Useful for: Students and employees who are single
Funding: Undisclosed amounts from Acumen and Elevar Equity Advisors
Website: www.aarusha.com

11

CoHo Dorms

CoHo brings fully-furnished comfortable home stay for young professionals with a community of like minded people. CoHo aims at providing a hassle-free living experience driven by high class, tech enabled, services so that the residents don’t just live but enjoy living. CoHo acts as property managers, helping property owners with furnishing the property, good upkeep, maintenance and ensuring tenants of high pedigree. CoHo brand is operated and marketed by Zocalo.

Cities served: Delhi, Gurgaon and Noida
Useful for: Targeted at students and young professionals
Funding: Undisclosed amount in seed funding
Website: www.coho.in

11

NestAway

NestAway claims to be a new concept for owners, a solution for tenants & its fixing the youth housing crisis in cities. NestAway platform has special sections for shared rooms, private rooms and full houses. It is primarily targeted at bachelors living away from home. NestAway is largest residential property manager in the country handling an aggregate 13M sq. ft. of rental space.

Cities served: Bangalore, Delhi-NCR, Hyderabad, Pune, Mumbai/Navi Mumbai and Thane

Useful for: Facility is available for all, primarily for bachelors
Funding: Total funding of $94-95M in various rounds of

Backed by Ratan Tata, Yuri Milner, Tiger Global, IDG, Goldman Sachs, UC-RNT Fund and the University of California

Website: www.nestaway.com

11

NoBroker

NoBroker is a real-estate platform that makes it possible to buy/sell/rent a house without paying any brokerage. It has a special section for paying guests. NoBroker claims to follow a rigorous process to ensure that the home listings on its platform are made by genuine owners rather than brokers.

Cities served: Bangalore, Chennai, Gurgaon, Mumbai and Pune
Useful for: Facility is available for all
Funding: Total funding of $20M

$3M in series A from SAIF Partners and Fulcrum Venture India in Feb 2014; $10M in series B from Japan-based BeeNext in Feb 2016 and $7M from Korean investor KTB Network in Dec 2016 as an extension of series B funding

Website: www.nobroker.in

11

Oxfordcaps

Oxfordcaps is an online marketplace for booking student accommodation with thousands of verified properties. Oxfordcaps claims to be Asia’s first branded and technology-enabled living experience designed for the millennial students. It provides ready-to-move-in accommodation that you can book from the comfort of your own home – just bring your luggage and move-in to your new home. Started in Singapore, Oxfordcaps is now operational in India as well.

Cities served: Delhi, Noida and Dehradun
Useful for: Students
Funding: Undisclosed amount of seed funding in Singapore from 500 Startups, ReadyVentures and several unnamed angel, in Dec 2017
Website: www.oxfordcaps.in

11

Placio

The Placio platform offers fully furnished shared rooms and private rooms to like-minded students who can have a comfortable and hassle-free stay with each other. Placio offers carefully curated places of living which are not only comfortable but also budget friendly for young minds. Placio gives assurance that every Placio property is physically verified and strategically placed near the premises of the University campuses to ease the commuting woes of college students. Placio is a complete broker-free platform.

Cities served: Delhi, Noida/Greater Noida, Indore and Lucknow
Useful for: Students
Funding: $2M in pre-series ‘A’ funding from Prestellar Ventures, a Singapore-based private equity fund, in Feb 2018
Website: www.placio.in

11

Stanza Living

Stanza Living aims to build a national network of high-quality student residences, near some of the major educational hubs of India, where each design element has been thoughtfully evaluated.

Cities served: Delhi, Noida and Greater Noida
Useful for: Students
Funding: $2 Mn funding from Matrix Partners and Accel Partners, in Nov 2017
Website: www.stanzaliving.com

11

Your-Space

Your-Space aims to provide safe, premium and comfortable accommodation to students. Your-Space partners property owners and developers on a fixed lease, revenue-sharing, or management contract basis, for a period of 5-12 years.

Cities served: Chandigarh, Greater Noida, Jalandhar, Mumbai, New Delhi, and Pune
Useful for: Students
Funding: $1M for Angel Investors and HNIs, in March 2017
Website: www.your-space.in

11

ZoloStays

ZoloStays provides managed affordable living space targeted at students and young professionals moving into larger cities for employment and education opportunities. Zolo also takes care of food, housekeeping, Wi-Fi, DTH, repairs and maintenance.

Cities served: Bangalore, Chennai, Delhi-NCR, Kota and Pune
Useful for: Targeted at students and professionals
Funding: $6M from Nexus Venture Partners in 2015 ($1M) and January 2017 ($5M)
Website: www.zolostays.com