Student co-living platform HooLiv has raised ₹24 crore ($2.73 million) in a pre-Series A funding round led by Negen Capital, with participation from several institutional investors, family offices, and angel investors. This fresh infusion of capital marks a major step in the company’s expansion journey.
HooLiv plans to use the newly raised funds to expand operations in non-metro cities by acquiring new beds, strengthening its brand presence, and upgrading its property management platform. Moreover, the company intends to replicate its business model internationally, aiming to cater to the growing global demand for organized student housing.
Earlier, in February 2020, the New Delhi-based firm had raised an undisclosed amount from Kotle-Patil Developers, laying the foundation for its expansion in India’s fast-evolving student housing sector.
Founded by Chinmoy Mishra, Rasmi Mishra, Gaurav Vij, and Abhishek Verma, HooLiv operates purpose-built student accommodations designed for university and coaching hub students. The platform focuses on offering organized, technology-driven housing that ensures standardized operations, consistent living conditions, and cost efficiency for both property owners and students.
Furthermore, HooLiv integrates real estate management with technology to deliver end-to-end housing solutions, covering maintenance, security, and community engagement. The company collaborates with property owners and educational institutions to convert and manage large-scale facilities as student accommodation assets.
With the number of universities and coaching centers rising rapidly across India, the demand for organized student housing has surged. To address this, HooLiv aims to bridge the demand-supply gap by providing reliable, high-quality, and affordable housing solutions in emerging education hubs.
By leveraging its tech-first approach and scalable business model, HooLiv continues to strengthen its position as a leading player in India’s student co-living ecosystem, while also eyeing opportunities for international growth.