Your-Space generates $10 million in series A funding

19 Jan 2022 CW Team

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

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..