Bengaluru-based coliving startup Colive has raised $20 Mn (INR 176.32 Cr) in its Series B funding round led by Bain Capital, with participation from its existing investor and real estate major Sattva Group. The company said the fresh funds will be deployed to strengthen its technology infrastructure, enhance operational efficiency, and expand its market presence in urban rental housing.
Founded in 2016 by Mr. Suresh Rangarajan, Colive provides branded, serviced, and ready-to-move-in rental accommodations. Its offerings primarily target young professionals and couples, providing furnished living spaces with community facilities.
While the company’s core base is in Bengaluru, it also operates across Hyderabad, Pune, and Chennai, with multiple micro-markets covered in each city.
Prior to this round, Colive had raised over $12 Mn in funding. It competes with startups such as Truliv, Stanza Living, Zolo Stays, and NestAway, all of which are building presence in India’s growing coliving segment.
Alongside the funding, Colive announced a strategic partnership with Bain Capital and Sattva Group to establish a pan-India coliving real estate platform, with an initial commitment of $100 Mn.
The new platform will acquire land, develop housing projects, and deliver fully-furnished residences located near employment hubs and educational centers in major urban cities. The company said the focus will be on Gen Z and millennial professionals and students, who represent the bulk of demand for managed rental housing.
Initial land acquisitions have been completed in Pune and Bengaluru, with around 0.5 Mn sq ft of coliving spaces currently under development. The platform is also evaluating additional land parcels in Hyderabad, Bengaluru, and Pune, with plans to deliver 8–10 flagship projects in the near term.
The rise in industrialisation, urbanisation, and youth migration to metro cities has accelerated demand for professionally managed shared housing. Unlike traditional rental models, coliving platforms offer flexibility, furnished units, digital management, and community engagement.
The co-living segment inventory is set to reach one million beds by 2030 in India, up from around 300,000 beds, on rising demand and rapid migration to cities, according to a report by Colliers India. According to the report, the current demand for co-living beds is estimated to be 6.6 million and is forecast to reach 9.1 million by 2030. It adds that the Rs 40 billion Indian co-living market can grow over five times and reach close to Rs 200 billion by 2030.
Investor interest has been strong across the segment. Earlier this year, Bennett, Coleman & Co. Ltd invested in Chennai-based Truliv at a valuation of INR 356.50 Cr.
With fresh funding and a strategic real estate platform in partnership with Bain Capital and Sattva Group, Colive is positioning itself to scale its portfolio in India’s top cities. The company is expected to prioritise large-scale developments near IT corridors and educational hubs, tapping into steady rental demand from young working professionals.
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