Your-Space Student Housing Raises Usd 10m in Series ‘A’ Funding
Your-Space, India’s premier student housing Company raised USD 10M in Series-A funding (a combination of pure equity and convertible debentures) led by the personal investment from Shantanu Rastogi (of General Atlantic) and Ajay Gupta’s (Capital Foods) family office AJAX Capital and Holy Basil Consultancy Private Limited, which also saw participation from Manish Choksi’s (Vice Chairman at Asian Paints) family office, Sunidhi Group’s family office, Sanjaya Gupta (former MD & CEO of PNBHFL), amongst others. "The fundraising is a testament to the confidence of our stake holders in our value proposition- sharp focus on product management and redefining customer service standards at a reasonable price. The funds will help us deepen our presence in a competitive crowded market. It gives us the fire power to continue delivering global service standards at scale," said Co-founder and COO, Shubha Lal. The company will utilize these funds for growth focusing on metros and tier I cities. They will also be enhancing operating robustness through a scalable, modular technology platform, which will help augment user experience and assist in building a large student community. Human capital is at the heart of service delivery, part of the funds will also be used to further strengthen and retain the core team, which has recently seen additions like the CMO, Head of Community and Head - Legal and Compliance. “Our strategy for expansion is to remain focused on being the most preferred student housing brand in India. We are operating best in class real estate, enveloped in user-friendly technology and service oriented people, hence delivering the best customer experience to students, parents and educational institutes.” added Nidhi Kumra, Co-founder and CEO.
Tags : News/Views Your-Space Student Housing Series ‘A’ Funding AJAX Capital Holy Basil Consultancy Private Limited product management