Colive Raises $20 Million to Expand Tech and Housing Network
- Bengaluru based Colive secures $20 Million in Series B funding led by Bain Capital.
- Funds to boost tech infrastructure and expand presence in major cities.
- Colive, Bain Capital, and Sattva Group to launch a $100 Mn coliving real estate platform.
Bengaluru based coliving startup Colive has raised $20 million (INR 176.32 Cr) in its Series B funding round, led by Bain Capital, with continued backing from existing investor Sattva Group. The startup plans to use the fresh funds to improve its technology infrastructure and scale operations across new markets in India.
Founded in 2016 by Suresh Rangarajan, Colive offers ready to move in, tech enabled rental homes, mainly targeting young professionals and couples. While its primary base is in Bengaluru, Colive also operates across Hyderabad, Pune, and Chennai.
Beyond the funding, Colive also announced a strategic partnership with Bain Capital and Sattva Group to launch a pan India coliving real estate platform. This new venture comes with an initial commitment of at least $100 million, focusing on acquiring land, developing fully furnished residences, and catering to India’s growing Gen Z and millennial workforce and student population.
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The platform has already begun land acquisition in Pune and Bengaluru, with around 0.5 million sq. ft. of space under development. It also aims to develop 8-10 flagship properties in the short term and is exploring additional land in Hyderabad, Pune, and Bengaluru.
Colive competes with players like Truliv, Stanza Living, Zolo Stays, and NestAway. As India sees rapid urbanisation, demand for organised coliving spaces is rising. According to Colliers India, the coliving market is expected to grow 5X from INR 4,000 Cr ($465 Mn) in 2025 to INR 20,000 Cr ($2.33 Bn) by 2030.
