HooLiv Raises ₹24 Crore in Pre-Series A Round — Fueling the Next Chapter in Student Co-living

New Delhi, October 2025 – HooLiv, one of India’s fast-growing student co-living / managed shared housing platforms, has raised ₹24 crore in a pre-Series A funding round led by Negen Capital.

This fresh capital will be deployed to:

• Expand presence in non-metro cities via new bed acquisitions.

• Strengthen brand building & marketing across student hubs.

• Enhance HooLiv’s proprietary property management / operations platform to scale faster and maintain service standards

“The student housing industry in India is entering a defining phase. Over the next few years, we expect consolidation, emergence of PropCo/OpCo models, and deeper university partnerships.”
— Chinmoy Mishra, Founder & CEO, HooLiv

🌱 Origin Story & Founding Team

• Founded: 2019

• Founders / Leadership:
    • Chinmoy Mishra (Founder & CEO) 
    • Rasmi Mishra (COO) 
    • Gaurav Vij (CIO / CTO) 
    • Abhishek Verma (CSO)

• From the beginning, HooLiv set out with a clear mission: to redefine shared living for students — making it affordable, safe, standardized, and community-oriented.
• Their “About Us” emphasizes comfort, convenience, and collaboration — offering amenities like hygienic rooms, food, study zones, security, and a collaborative ecosystem for students to live and learn together.

🔍 What HooLiv Does & Why It Matters

India has a massive demand gap in student housing and co-living infrastructure, especially in smaller towns and cities. Many students struggle with substandard rooms, lack of services, odd landlords, and opaque pricing.

HooLiv’s model bridges that gap by:

• Partnering with property owners to convert or manage assets dedicated to student housing

• Standardizing operations (maintenance, security, meals, internet, cleaning) under one roof

• Using technology & operations systems to scale, monitor quality, and reduce costs

• Building community & trust so students don’t just “rent a bed,” but join a shared-living ecosystem

This approach not only improves living standards but also helps owners get better yields, and lowers friction for students who often face hassles in unorganized accommodation

🛤️ Challenges & Early Days

Like all real-estate + asset-heavy startups, HooLiv faced multiple challenges:

• Capital intensity & asset acquisition — acquiring beds, converting spaces, managing overheads

• Trust & credibility — especially in non-metro and tier-2 cities where co-living is still nascent

• Operational complexity — managing services, maintenance, safety, staff, tenant experience

• Funding cycles & valuation pressure — navigating investor skepticism in real estate tech

In fact, in earlier years, HooLiv also tapped non-dilutive growth capital via Recur Club (selling subscription streams) to fuel expansion without heavy dilution.

Nonetheless, the team kept iterating, learning, and expanding into new student cities like Pune, Bhubaneswar, Meerut.

📊 Scale & Revenue (What We Know)

• As of now, HooLiv operates 300+ beds across key student / education markets such as Meerut, Bhubaneswar, Pune, etc.

• The company cross references that total funding before this round was modest — $350K from Kolte Patil Family Office in earlier rounds.

• It is still an early stage player (pre-Series A) aiming to scale operations widely.

While disclosed revenue numbers are limited publicly, this ₹24 crore infusion is a strong signal that investors see huge room for growth in student housing and co-living.

🎯 Vision & Road Ahead

HooLiv envisions itself as one of India’s leading student co-living platforms, especially expanding into Tier 2 / Tier 3 towns where supply is sparse.

Key strategic priorities include:

1. Deepening footprint in non-metro cities — making co-living more accessible beyond just big metros

2. Strengthening tech / operations backbone — the platform that ensures consistency, scalability, and efficiency

3. University & institution partnerships — tie-ups with colleges to secure demand pipelines and campus conversions

4. Brand & trust building — ensure HooLiv is top-of-mind among students & parents having safe, clean, modern housing

5. Potential expansion beyond India — replicating the model in markets with similar student housing gaps

✅ Why This Funding Matters & What It Signals

• ₹24 crore is a sizeable amount for a pre-Series A in the co-living / student housing space in India

• It validates investor belief in student housing as a scalable asset-backed tech model

• It gives HooLiv the runway to expand aggressively into underserved towns

• It also increases competitive pressure in the co-living sector — players will need to sharpen operations and service to stay ahead