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Coliving Space Creator StayAbode Receives Add On To Pre-Series Funding

StayAbode, which is a startup that is building a co-living space, has now secured an add on to the funding round of pre-series A for an undisclosed amount of fund from the Incubate Fund and Voyage Group.

StayAbode as of now has 1200 beds across the 20+ properties in Bangalore with the further beds to be soon going to add in the coming six months.

StayAbode has also recently tied up with CP developer and is also working on Asia most massive A grade co-living project in India, with around 1500 people living in the community environment.

Viral Chhajer, Co-founder & CEO, StayAbode, says, “We are very excited to bring the Voyage Group on board as an investor. We have taken some interesting steps in the business after signing on our first greenfield development in Whitefield, while we continue to grow through our brownfield projects in Bangalore. With this top up on our, pre-series A fundraiser we’re going to grow our operating base and make key hires for the next phase of growth of the company.”

StayAbode was founded by the Varun, Devashish and Viral in the year 2016 who have a strong background in the field of finance, technology and marketing.

Picture Credits: StayAbode

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