EZStays, a fast-expanding student accommodation and experience platform, has raised Rs 8.5 crore ($1 million) from Finvolve, a multi-stage venture capital fund, as well as from other strategic investors. The funding round has both primary and secondary transactions.

The startup plans to leverage the recently raised capital to substantially expand its inventory of beds in existing and new markets, meeting the urgent demand for quality student housing in India by offering fully furnished, hassle-free living spaces that are specifically designed to meet the requirements of today's students.

Industry Growth Potential

The Indian student accommodation market is poised for dramatic growth, with more than 35 million students in higher education and a critical shortage of professionally managed housing. EZStays will meet this need with a tech-enabled, service-focused approach that delivers a seamless experience to students and parents alike.

In addition, the startup enriches the student life by providing a holistic set of value-added programs, ranging from career development activities like EZ-Mentor and EZ-Connect, mentorship classes, leadership lectures, mock interviews, sports tournaments, to cultural activities.