“The fundraising is a testament to the confidence of our stakeholders in our value proposition – sharp focus on product management and redefining customer service standards at reasonable prices. The funding will help us deepen our presence in a competitively crowded marketplace. This gives us the firepower to continue to deliver global service standards at scale,” said Shubha Lal, Co-Founder and COO.
Your-Space was born with a purpose, to improve the world of students while they work hard to study away from their homes. Its foundation is strong in its four pillars of commitment: safety, comfort, community and health.
It is redefining student living with a unique product proposition. The core philosophy is to cultivate a student-first environment that promotes holistic well-being and personal development.
The company will use these funds for focused development on metros and Tier I cities. They will also enhance operational robustness through a scalable, modular technology platform, which will help enhance the user experience and aid in building a larger student community. Human capital is at the heart of service delivery, part of the funds will also be used to further strengthen and retain the core team, which has recently seen additions such as CMO, Head of Community and Head – Legal and Compliance.
“We are in the field of student lifestyle! A lifestyle designed to promote education, personal development and student happiness. Our strategy for expansion is to focus on being the most preferred student housing brand in India. We are handling best in class real estate, surrounded by user friendly technology and service oriented people, hence providing best customer experience to students, parents and educational institutions,” said Nidhi Kumra, Co-Founder & CEO .
With the fresh influx of students, in top tier cities, only 30% of campus housing benefits are available, leading 70% of students to look for other accommodation options. The student housing market is projected to grow to USD 25+ billion per year by 2025. Although the past two years have been particularly tough in the education sector, Your-Space has tripled the size of its business. The company is on track for its fiscal year projections which are a reaffirmation to the business model by the student community and their parents.
With 7000+ operational beds in 9 cities, Your-Space will have over 20,000 beds by July 2022 for the coming 2022-2023 academic year.
Shantanu Rastogi has invested in supporting aspiring entrepreneurs who are doing innovative things to serve the larger Indian consumption basket. He has great faith and belief in the Your-Space brand and its mission. On his recent investment in Your-Space, Shantanu Rastogi said, “There is a critically unmet need for safe, comfortable, convenient and affordable housing and community spaces for over 30 million expatriate undergraduate and post-grad students in India. India is among them. is one of the largest suppliers of skilled talent in engineering, medicine, law, finance and many other professions in the world to high quality universities and institutions as well as high quality student accommodation operators to meet this large and growing demand. is required.
Ajay Gupta of Capital Foods said, “This segment is growing and has shown growth every year even during the economic downturn. The Indian student population base continues to grow. The future of student housing is to be driven by technology and a strong community. is going to build. And Your-Space is on the cusp of driving that change.”
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