Settl FY23 revenue jumps two-fold to Rs 17cr, to add 3,000 beds by March
Co-living operator Setll has clocked over two-fold jump in its revenue last fiscal to nearly Rs 17 crore and plans to expand its capacity by 2.5 times to 5,000 beds by March next year.
The company, which focuses on providing quality rental accommodations to working professionals, currently has around 2,000 beds at 40 centres across Bengaluru, Gurugram and Hyderabad.
It is now looking to enter the Noida, Pune and Chennai markets, Settl said in a statement on Monday.
The Bengaluru-based startup charges between Rs 12,000 and Rs 18,000 per bed.
"We are currently present in three cities dominated by IT firms. We are now actively looking at entering Noida, Pune and Chennai where a lot of professionals are working in IT and other sectors. We anticipate strong demand for quality co-living centre in these cities," Settl co-founder Abhishek Tripathi said.
The company is in an advanced stage of discussion with a few property owners in three cities where it has a presence as well as three new