Coliving Startup HooLiv Raises INR 24 Cr To Deepen Presence In Non-Metros

Shared-rental accommodation startup HooLiv has secured INR 24 Cr (about $2.7 Mn) in its Pre-Series A funding round led by Blue Tokai-backer Negen Capital, with participation from undisclosed institutional and angel investors.

The startup intends to utilise the fresh capital to expand its presence in non-metro cities through acquisitions, brand-building initiatives, and development of its proprietary property management platform.

“With Negen Capital’s investment and expertise, HooLiv will continue to set new standards in purpose-built student accommodation, creating value for students, educational institutions, and investors alike,” HooLiv cofounder and CEO Chinmoy Mishra said.

Founded in 2019 by Mishra, Abhishek Verma, Gaurav Vij and Rasmi Mishra, HooLiv offers room-based accommodation facilities to students as well as young professionals. It claims to have served over 15,000 customers since inception across 20 pincodes. 

In response to growing urbanisation and the rising number of people relocating to new cities for education and career prospects, shared accommodation providers are witnessing strong demand driven by this migration trend.

As of now, the Indian coliving sector holds an inventory of around 3 Lakh beds as of early 2025, translating into a penetration rate of about 5%, as per a report by Colliers. In view of the demand and expansion plans of coliving businesses, the inventory is set to reach close to 10 Lakh beds by 2030, with a penetration rate of above 10% of India’s organised rental market.

Investors are thus encouraged to back these rental accommodation businesses, where Bengaluru-based CoLive raised $20 Mn (INR 176.32 Cr), over a month ago, to enhance its tech infrastructure and expand market presence.