Incubate Fund India made a seed investment to StayAbode with Sanjay Shenoy, MD of Legacy Global Projects and Mridul Upreti, former Joint MD of JLL India.
StayAbode operates Co-Living space in India. It works on a full-inventory model leasing habitable spaces for a 5-10 year period, offering services including housekeeping, security and community events apart from housing facilities.
Millennials in India have different demands for their way of living. They want to live in more flexible, less hassle, and fully managed way.
As population of millennials are rapidly growing in Tier 1 metro in India, now there is a huge gap between this demand and supply.
We strongly believe Stayabode will solve this problem by providing new concept of "Co-Living Space" in India.
Economic Times: http://economictimes.indiatimes.com/small-biz/money/incubate-fund-helps-stayabode/articleshow/59996875.cms
VC Circle: https://www.vccircle.com/co-living-space-provider-stayabode-raises-fresh-funds-from-incubate-fund-others/