Bengaluru-based Colive, founded in 2016, has raised $20 million (INR 176.32 crore) in Series B funding led by Bain Capital, with continued support from real estate major Sattva Group. The capital will fuel Colive’s expansion across India, enhancing its tech infrastructure and reinforcing its leadership in managed rental housing.
As part of the strategic partnership, Bain Capital and Sattva Group have also committed $100 million to launch a pan-India coliving real estate platform. This initiative will focus on acquiring land, developing flagship communities, and delivering purpose-built rental housing tailored to urban professionals and students.
Currently, nearly 0.5 million sq ft of coliving space is under development in Bengaluru and Pune, with additional projects being evaluated in Hyderabad and other metros. The platform aims to deliver intelligent, fully furnished residences near employment hubs and educational centers, addressing the evolving lifestyle needs of Gen Z and millennial residents.
“India is experiencing a fundamental transformation in urban housing preferences, and Colive stands uniquely positioned to address this surging demand through technology-enabled, community-focused living solutions,” said Sarit Chopra, Partner at Bain Capital.
