Coliving startup Isthara has secured $10 Mn (INR 81 Cr) in its Pre-Series B funding round led by Dubai-based Eagle Investments.
Isthara will use the funds to foray into business-to-consumer (B2C) retail food court segment space and expand its presence in the coliving segment. In addition, it will deploy funds to double its bed capacity to 50,000 beds in coliving and student accommodation segments by 2025.
“With a rise in safety and hygiene concerns since the pandemic, we are seeing a fundamental shift as customers are increasingly opting for tech-enabled and safety-focused coliving and food options. With its unique business model, Isthara is poised to disrupt the coliving and retail food court segment,” Elias Kawar, managing director of Eagle Investments said.