• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, June 24, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Bengaluru-based Startup StayAbode Raises Funding from Multiple Investors

by Chinmay Bidkar
August 10, 2017
in News
Reading Time: 2 mins read
0
stayabode raises funding 2017
TwitterWhatsappLinkedin

stayabode raises funding

You might also like

Kazam Raises $6.2M Series B to Power India’s EV Charging Future

InCred Secures ₹250 Cr from Kamath Brothers Ahead of IPO

Truth Social Targeted in Cyberattack After U.S. Strikes on Iranian Nuclear Facilities

10 August 2017, India:

StayAbode, a start-up that is building co-living spaces, has closed a strategic round of funding for an undisclosed amount from Incubate Fund and a group of investors from the real estate industry including Legacy Global Projects MD Sanjay Shenoy and Mridul Upreti and some existing investors.

StayAbode was co-founded in mid 2016 by Viral Chhajer, Varun Bhalla and Devashish Dalmiya who have strong backgrounds in marketing, technology and finance having founded start-ups and previously worked at start-ups Runnr, Treebo Hotels and Roadhouse Hostels.

The funds will be used to scale the business by strengthening technology and team. StayAbode currently offers over 260 units spread over 5 properties across Bengaluru and has plans to expand to other cities in due course.

StayAbode is leveraging technology, design, service and brand to build co-living spaces for the rental residential real estate market at scale. StayAbode’s co-living spaces mixes small private spaces like fully furnished 1 or 2 BHKs with communal areas – common rooms, games areas, music and art corners. One doesn’t need to be bothered about managing an apartment – utility bills are paid, linen washed and where one cooks only when one feels like. One can connect with like-minded people.

Also read- Apple iPhone 8 Images Leaked, Watch the Video here!

Nao Murakami, General Partner, Incubate Fund India, says, “Millenials want to live in flexible, hassle free and fully managed homes and as their population in Tier 1 metros in India is growing, there is a huge gap in demand and supply. StayAbode’s product-market-fit and model in the co-living spaces is strong. All three co-founders of StayAbode have strong backgrounds to operate a business in this space and they complement each other. We believe StayAbode has a strong team with great execution capability and can capture growth in a promising market. We are happy and excited to join their journey!”

Viral Chhajer, Co-founder & CEO, StayAbode, says, “We’re excited to bring on board Incubate Fund, Sanjay Shenoy and Mridul Upreti as strategic partners as we scale the business. Incubate with their vast presence and strong network across South East Asia will bring on board a more global perspective to the co-living phenomenon while Sanjay Shenoy and Mridul Upreti with their deep understanding of the real estate space will play a key role in the supply front of things for us. This round comes at a very short interval from our previous round and we’re proud to have created significant enterprise value for our shareholders since then.”

Incubate Fund is a leading seed-focused venture capital fund based in Tokyo, Singapore, and Bengaluru. Established in 2006, Legacy Global Projects Pvt Ltd is a leading real estate firm with its headquarters in Bengaluru.

Related read- SoftBank Aims to Seal Multi-Billion Dollar Deal with Uber

Tags: co-living spaceCo-living spacesfundingInvestmentStayAbodestayabode raises fundingViral Chhajer
Tweet54SendShare15
Previous Post

SoftBank Vision Fund Invests a Record $2.5 Billion in Flipkart

Next Post

Evaluating The Future of Digital Gold – Bitcoin

Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

Recommended For You

Kazam Raises $6.2M Series B to Power India’s EV Charging Future

by Ishaan Negi
June 24, 2025
0
Kazam Raises $6.2M Series B to Power India’s EV Charging Future

In a resounding vote of confidence for India’s green mobility ambitions, Kazam, one of the country’s fastest-growing EV energy-tech startups, has raised $6.2 million in Series B funding....

Read more

InCred Secures ₹250 Cr from Kamath Brothers Ahead of IPO

by Ishaan Negi
June 24, 2025
0
InCred Secures ₹250 Cr from Kamath Brothers Ahead of IPO

In a bold move that signals rising investor confidence in India's next-generation financial services, Nikhil Kamath and Nithin Kamath—the visionary co-founders of Zerodha and True Beacon—have acquired a...

Read more

Truth Social Targeted in Cyberattack After U.S. Strikes on Iranian Nuclear Facilities

by Harikrishnan A
June 24, 2025
0
Challenges Mount for Truth Social as Financial Struggles Emerge: Can Trump’s Social Platform Weather the Storm?

Tensions between Iran and the United States have escalated beyond the battlefield and into cyberspace, as Iranian-aligned hackers targeted former President Donald Trump’s social media platform, Truth Social,...

Read more
Next Post
Evaluating The Future of Digital Gold – Bitcoin

Evaluating The Future of Digital Gold - Bitcoin

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?