Student Housing Startup HooLiv Secures ₹24 Crore Pre-Series A Funding Led by Negen Capital

Student accommodation and co-living platform HooLiv announced that it has raised ₹24 crore in a pre-Series A funding round, with Negen Capital leading the investment. The funding round also witnessed participation from institutional and angel investors, marking a significant milestone for the company as it seeks to expand its presence across India's rapidly evolving student housing market.

Capital Deployment Strategy

The company revealed that the freshly raised capital will be strategically deployed to expand HooLiv's operational footprint in non-metro cities, where demand for organized student accommodation remains significantly underserved. The funds will also support increasing bed capacity, strengthening the technology infrastructure, and enhancing brand visibility across key educational hubs throughout the country.

According to company officials, the next phase of growth will concentrate on developing scalable, technology-enabled properties while deepening partnerships with universities, educational institutions, and property developers. This approach aligns with the broader trend of real estate developers and co-working firms preparing for market expansion.

Industry Landscape and Market Dynamics

India's student housing sector continues to undergo rapid transformation as rising student mobility and urban migration drive demand for professionally managed living solutions. Unlike traditional rental accommodations, purpose-built co-living spaces offer enhanced safety, amenities, and community-driven experiences, factors that are increasingly valued by both students and parents.

Industry analysts have noted that organized players in the student housing segment are well-positioned to benefit from consolidation trends and the emergence of hybrid PropCo-OpCo models, which allow for stronger asset control and operational efficiency. The co-living sector has been witnessing increased demand, particularly in tier-II and tier-III cities.

Founding Team and Strategic Vision

HooLiv was founded by Chinmoy Mishra, Rasmi Mishra, Gaurav Vij, and Abhishek Verma, who collectively aim to establish a nationwide platform offering modern, affordable, and community-centric accommodation for students and young professionals. The company currently manages several operational assets and has outlined plans to double its capacity within the next 12 months.

The founding team's vision aligns with the broader transformation occurring in India's rental housing market, where institutional-grade accommodation solutions are gaining prominence.

Future Growth Trajectory

With this funding infusion, HooLiv plans to extend its presence beyond metropolitan cities, tapping into the growing student population in emerging education corridors. The strategic move reflects a larger shift in India's real estate landscape, where rental housing and co-living formats are evolving into investable, institutional-grade asset classes.

The company's expansion plans come at a time when India's real estate sector is witnessing strong institutional interest, with organized players increasingly attracting significant capital from domestic and international investors.

Disclaimer: This news article is based on information available from public sources and press releases. Readers are advised to conduct their own research and due diligence before making any investment decisions. The views and information presented in this article do not constitute financial or investment advice.