Student co-living platform HooLiv raises Rs 24 crore in funding led by Negen Capital

Student co-living platform HooLiv has raised Rs 24 crore ($2.7 million) in a pre-Series A funding round led by Negen Capital, with participation from institutional investors, family offices, and angel investors.

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The New Delhi-based startup plans to use the proceeds to expand operations in non-metro cities, focusing on new bed acquisitions, brand-building, and upgrades to its property management platform. It also aims to replicate its business model internationally in the coming years.

Founded in 2019 by Chinmoy Mishra, Abhishek Verma, Gaurav Vij, and Rasmi Mishra, HooLiv operates purpose-built student accommodations catering to students in universities and coaching hubs. The platform combines real estate management and technology to offer integrated housing solutions covering maintenance, security, and community engagement.

Since its inception, the startup claims to have served more than 15,000 customers across 20 locations. 

With the latest funding, HooLiv aims to bridge the demand-supply gap in India’s organized student housing sector, driven by the growing number of educational institutions and coaching centers across the country.