Plans To Raise Series A Round Of Funding
Gurgaon-based online marketplace for broker-free rented accommodation startup, Zocalo, has launched its new brand CoHoStayz.com.
CoHoStayz is a tech platform that is revolutionising the co-living concept in India, offering managed apartments & villas while catering to the long-stay accommodation needs of the youth.
Uday Lakkar, founder of Zocalo and CoHo Stayz said, “CoHo is pioneering the concept of ‘Co-Living’ spaces in India and aims to bring in superior living experience to the millennials by leveraging technology for seamless user interactions and property management.”
High quality, hassle-free co-living spaces for young working professionals and university students in India has been an underserved need for a long time, despite having a huge market. With CoHo Stayz, Uday is trying to get through this problem while offering managed apartments and villas with good amenities at affordable price points.
CoHo brand will be operated and marketed by Zocalo that raised angel funding from clutch of investors including Rajesh Sawhney, Sachin Bhatia, Sidharth Rao, Mahesh Parasuraman, Dheeraj Jain and others, earlier this year.
Zocalo was started in 2014 as an online platform for broker-free rented accommodations in India that provides listings for various renting apartments and paying guests accommodations.
Earlier in August, the startup stated that it has an inventory of 75,000 PG & hostel beds and more than 10,000 accommodation listings with 6,000 new listings being added every month. The company has its presence across Delhi-NCR and Mumbai as of now, and it plans to expand to other cities.
Presently, Zocalo is in talks with few VC funds to raise its Series A round of funding for aggressive expansion.
Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.
