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

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
Infrastructure Urban

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Next Story
Real Estate

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Next Story
Infrastructure Transport

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?