HooLiv raises Rs 24 Cr in pre-Series A round led by Negen Capital

Student co-living platform HooLiv has raised Rs 24 crore ($2.73 million) in a pre-Series A funding round led by Negen Capital, along with participation from other institutional investors, family offices, and angel investors.

Earlier in February 2020, the New-Delhi-based firm had raised an undisclosed amount from Kotle-Patil Developers.

The proceeds will be used to expand HooLiv’s operations in non-metro cities through new bed acquisitions, brand-building, and enhancements to its property management platform. The company also plans to replicate its business model internationally.

Founded by Chinmoy Mishra, Rasmi Mishra, Gaurav Vij, and Abhishek Verma, HooLiv operates purpose-built student accommodations that cater to students in universities and coaching hubs. The platform focuses on providing organized, technology-enabled student housing that ensures standardized operations, consistent living conditions, and cost efficiency for both property owners and students.

HooLiv’s model combines real estate management and technology to offer integrated housing solutions, including maintenance, security, and community engagement features. The company works with property owners and educational institutions to convert and manage large-scale facilities as student housing assets.

HooLiv plans to bridge the demand-supply gap in India’s organized student housing segment, driven by the growing number of universities and coaching centers across the country.