Student Co-living Platform HooLiv Raises ₹24 Crore in Pre-Series A Funding Led by Negen Capital

Overview: HooLiv’s ₹24 Crore Funding Round

HooLiv, a rapidly growing student co-living platform, has successfully raised ₹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.

This investment marks a crucial milestone in HooLiv’s growth journey, providing the startup with capital to expand its footprint in non-metro cities, enhance its property management technology, and strengthen its brand presence.

As India’s student housing demand continues to surge, HooLiv’s innovative business model positions it as a frontrunner in transforming the organized co-living space.

About HooLiv: Redefining Student Co-living in India

Founders and Their Vision

Founded in 2019 by Chinmoy Mishra, Abhishek Verma, Gaurav Vij, and Rasmi Mishra, HooLiv aims to solve one of India’s biggest urban challenges — quality accommodation for students.

The founders identified a massive gap between unorganized student housing options and the growing demand for safe, hygienic, and community-oriented living spaces near educational institutions.

Their vision: to make student living effortless, comfortable, and connected through a blend of real estate management and technology.

What Sets HooLiv Apart in the Co-living Market

Unlike generic rental solutions, HooLiv focuses exclusively on purpose-built student accommodations (PBSA) — spaces designed specifically for the academic community.

Its offerings combine:

Furnished rooms with maintenance support
24/7 security and digital access control
Community-driven engagement programs
Integrated management software for students and landlords

This tech-enabled and experience-driven approach has made HooLiv a preferred choice for students across India’s top educational hubs.

Funding Utilization: Expansion and Technology Upgrades

Scaling Operations in Non-Metro Cities

HooLiv plans to expand aggressively into Tier-2 and Tier-3 cities, such as Indore, Jaipur, Bhubaneswar, and Coimbatore, where educational institutions and coaching centers are growing rapidly.

By doing so, the startup aims to bridge the demand-supply gap in these underpenetrated regions while offering standardized, affordable living options for students.

New Bed Acquisitions and Brand Building

The funding will also fuel new bed acquisitions — increasing HooLiv’s capacity to serve thousands of additional students — along with strategic brand-building initiatives to boost visibility across campuses and digital channels.

Enhancing Property Management Through Technology

A significant portion of the capital will go toward upgrading HooLiv’s property management platform, enabling:

Automated maintenance requests
IoT-based energy and access monitoring
Real-time occupancy analytics
Seamless rent and billing systems

This digital-first approach ensures operational efficiency and an improved tenant experience.

HooLiv’s Impact on the Organized Student Housing Ecosystem

Addressing India’s Student Housing Demand-Supply Gap

India has over 38 million students enrolled in higher education, yet only a small fraction have access to organized student housing.

HooLiv seeks to change that by creating safe, community-oriented, and professionally managed accommodations, addressing issues like inconsistent standards, safety concerns, and lack of amenities.

Focus on Affordability, Security, and Community Living

The startup’s approach centers on three pillars:

Affordability – Offering flexible rent structures
Security – Ensuring 24/7 monitoring and digital access
Community – Building a sense of belonging among students through social programs

This holistic model is helping redefine student living experiences across India.

Investor Insights: Why Negen Capital and Others Backed HooLiv

Negen Capital’s Interest in Alternative Real Estate Sectors

Lead investor Negen Capital has expressed strong confidence in HooLiv’s business model, citing the rapidly growing demand for organized student housing and the platform’s asset-light, technology-driven approach as key strengths.

The firm views co-living and PBSA as alternative real estate segments that offer long-term returns and resilience against traditional market cycles.

Growing Investor Confidence in Student Accommodation Startups

The participation of institutional and family office investors highlights the emerging investor interest in India’s co-living ecosystem, where student housing remains a relatively untapped opportunity with significant growth potential.

Market Opportunity: India’s Rising Demand for Student Housing

India’s student accommodation market is projected to grow at a CAGR of 12–15%, driven by:

Increasing student mobility across states
Rising enrollment in coaching hubs (like Kota, Pune, and Delhi NCR)
Preference for managed, safe living options among parents and students alike

As education hubs continue to expand, HooLiv’s organized approach gives it a competitive edge in capturing market share from unorganized players.

HooLiv’s Technology-Driven Approach

Integrated Housing Solutions Powered by Digital Platforms

HooLiv combines real estate management, automation, and digital analytics to offer a seamless co-living experience.

Students can manage their accommodation needs — from booking rooms to raising maintenance requests — through a single digital interface.

Real Estate Automation and Community Engagement Tools

The platform integrates smart features such as:

AI-powered occupancy tracking
Automated facility management
Event-based community interaction modules

This ensures not just comfort but also a vibrant student community that enhances the overall experience.

Performance and Growth: Key Milestones Achieved

Since its founding in 2019, HooLiv has:

Served over 15,000 customers
Expanded to 20 major locations across India
Developed a scalable business model adaptable to diverse markets

These achievements underscore HooLiv’s ability to balance growth with operational efficiency — a key factor that attracted leading investors to the brand.

Future Plans: Taking the HooLiv Model Global

International Expansion Strategy

HooLiv intends to replicate its success internationally, targeting student accommodation markets in regions such as Southeast Asia and the Middle East.

These markets share similar demographics and educational mobility patterns, making them ideal for HooLiv’s expansion.

Replicating the Co-living Model Overseas

The startup plans to collaborate with local real estate partners abroad to roll out its tech-enabled PBSA model, ensuring consistent brand experience and operational efficiency across borders.

FAQs About HooLiv’s Funding and Expansion

1. How much funding did HooLiv raise?
HooLiv raised ₹24 crore ($2.7 million) in a pre-Series A round.

2. Who led the funding?
The round was led by Negen Capital, with support from institutional investors, family offices, and angels.

3. How will the funds be used?
Funds will support expansion in non-metro cities, new bed acquisitions, and technology upgrades.

4. When was HooLiv founded?
HooLiv was founded in 2019 by Chinmoy Mishra, Abhishek Verma, Gaurav Vij, and Rasmi Mishra.

5. How many students has HooLiv served so far?
The company has served 15,000+ students across 20 locations in India.

6. Does HooLiv plan to expand internationally?
Yes, HooLiv aims to replicate its business model internationally in the coming years.

Conclusion: A New Era for Organized Student Living in India

The ₹24 crore funding led by Negen Capital cements HooLiv’s position as one of India’s fastest-growing student co-living startups.

By combining technology, real estate expertise, and a community-first mindset, HooLiv is not only meeting the needs of students today but also shaping the future of urban student housing in India and beyond.

With a clear focus on innovation, inclusivity, and global expansion, HooLiv is well on its way to becoming a benchmark for purpose-built student living in emerging markets.

🔗 External Source: Negen Capital

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