Settl raises Rs 100 mn in Pre Series A funding to expand co-living spaces

Proptech startup Settl has secured Rs 100 million in funding from investors such as Gruhas and We Founder Circle, in addition to participation from Anthill Ventures, Inflection Point Ventures, Ah! ventures, Nila Spaces, Soonicorn Ventures, Awficacy Capital, Pai Ventures LLP, and Ekyum in its Pre Series A round. The newly acquired funds will be allocated towards working capital, team expansion, and technological advancements. With this round, Settl has now raised a total of Rs 150 million from investors. Established in 2020, Settl specialises in providing co-living spaces, PGs, and apartments for rent. Presently, the company operates more than 60 co-living centers, boasting a collective capacity of 4000 beds across Bengaluru, Hyderabad, Gurugram, and Chennai. Settl's rental offerings are priced in the range of Rs 12,500 to Rs 18,000 per bed.