Co-living settlements, the way forward?
Settl, a Bengaluru based, technology-driven managed accommodation platform focused on providing an appropriate and quality living experience for the urban working inhabitants. It offers well-furnished rooms, 24/7 power backups, high-speed internet, regular deposits, to all-inclusive rent. The USP of the company is to facilitate tech-enabled property management.
It is establishing four new facilities in Gurugram, NCR, offering a total capacity of 200 beds. The accommodation start-up was born out of the need for a platform that enables convenient city living. In a short span of 18 months, it has already expanded to 22 properties across three cities- Bangalore, Hyderabad, and Gurugram.
Just walk in!
The end-to-end accommodation platform ensures all amenities to working professionals in urban cities, including comfortable accommodations. Users can move into their new place within 30 minutes of completing the online signup procedure. One can easily log in to the Settl website and select the city, area, and preferred living format. The model aims to take away all the accommodation hassles of people who move to bigger cities to build a city life for themselves but get burdened with house-hunting and broker traps.
It is a tedious task for a newbie to scout for safe and comfortable accommodation. The whole process comes with the baggage of broker, agreement, locality, facility, advance rentals and more. “Settl comes with the idea of taking away all this inconvenience from an individual’s fresh city experience. We provide end-to-end solutions, including everything that one might need in the name of facility and service. Gurugram is a critical urban centre in the Indian economy, and it also attracts a lot of young working professionals who migrate there to fulfil their career needs. We intend to create a huge impact in the lives of these people so that they can excel in their respective domains.” said Ashok Reddy Sagar, Co-Founder, Settl.
Settl. operates 1200 beds in total and is poised to reach 3000 operational beds by December 2022. The brand plans to provide 1000 beds by the end of 2022 in Gurugram alone. It has aggressive expansion plans across cities. Start-up recently raised its seed round worth $500K from ah! Ventures, We Founder Circle, and others.