Hotline: 1800 102 2007
Hotline: 1800 102 2007
May, 15 2020

Co-living & student housing start-up RoomSoom raises funds to expand its reach

The startup is aiming to increase the number of beds from 3000 to 5000 and strengthen its reach from seven to 10 cities.

By Features Writer
Co-living & student housing start-up RoomSoom raises funds to expand its reach

Co-living and student housing start-up RoomSoom Technologies has raised an undisclosed sum in the funding round from Mumbai Angels Network.

The startup is aiming to increase the number of beds from 3000 to 5000 and strengthen its reach from seven to 10 cities. Headquartered in Noida, RoomSoom was founded by Nitin Agrawal and Garima Agrawal in 2016.

Nitin Agrawal, Co-Founder at RoomSoom, said, “With these funds, we plan to tap every market, reach every individual, and identify every need. So that we can provide them with a solution they will not find anywhere else.”

Nandini Mansinghka, Co-Promoter and CEO, Mumbai Angels Network, stated, “RoomSoom specializes in designing co-living accommodations for the youth and makes house hunting easy for bachelors and families.”

Anshuman Ranjan, a Mumbai Angels Investor, added, “From an investor’s perspective RoomSoom had the right ingredients; a scalable and profitable business model, experienced and innovative management, and resilient business that can recover quickly from the pandemic impact.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Casual Dine Restaurants
    About Us: A fast-growing chain of Innovative barbecue restaurants popular for..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Quick Service Restaurants
    Momo-King is a Malaysia-based speciality momo brand, successfully operating a..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Others Health Care & Fitness
    About Us: SmartSewa, established in 2016, works in preventive/primary healthcare space,..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Bike Maintanance & Repair Services
    About Us: Speedforce under the banner of Multi Brand 2 Wheeler..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Vadodara Gujarat
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities