House of Student raises $2 mn seed funding led by Saltwater Sutra, Nirmitsu Ventures

Student accommodation platform House of Student has raised $2 million in seed funding led by Saltwater Sutra and Nirmitsu Ventures, with participation from Gautam Verlekar, Bank of New York Mellon managing director Glen Fernandes, former UK India Business Council chief executive Richard McCallum, Singapore Gulf Bank executive vice-chairman Ali Moosa and other strategic investors.Existing investors from Unilodgers also participated in the round, which was a combination of equity and debt.The fresh capital will be used to accelerate product innovation, expand housing supply, strengthen AI capabilities and support the company’s <a href="https://jiuniversity.com/korea-to-let-universities-use-own-language-tests-for-international-admissions/” title=”Korea to let universities use own language tests for international admissions”>international expansion.Founded by Vaibhav Verma, House of Student builds on the experience of Unilodgers, the student housing marketplace he previously founded. The company said it aims to evolve beyond accommodation and become a broader technology platform supporting students throughout their higher education journey.“We never started with the ambition of building an accommodation company,” said Verma. “We started because we believed students deserved better. Student housing was simply the first problem we could solve. Today, our ambition is much bigger. We want to become the world’s most trusted company around student life.”Headquartered in San Francisco with operating teams across India, the UK and the Middle East, House of Student said it already operates what it describes as the world’s largest student housing supply network, with more than 2.5 million verified student rooms across 25-plus countries, including the UK, US, Australia, Canada, New Zealand, the UAE and Singapore.

Source: entrepreneur.economictimes.indiatimes.com