According to co-founder and CEO Deepak Anand, HDFC Capital-backed co-living operator Housr is in advanced talks to funds $20–40 million. Without revealing the investors’ identities, Anand stated, “We are working with two sizable funds, and the deal should close in the next two to three months.” The Gurugram-based firm says it finished FY24 with an annual revenue run rate (ARR) of Rs 120 crore and presently manages 70 properties.
By early 2025, Housr intends to increase its portfolio to 100 homes, and by FY26, it hopes to generate Rs 240 crore in income. The business is expected to turn a profit in the following two to three months, Anand continued. The new funds will support Housr’s efforts to expand into key areas like Hyderabad, Bengaluru, and Gurugram and make it easier for it to enter Mumbai and Chennai.
In the co-living market, Housr has established itself as a luxury brand by concentrating on increasing profits and aiming for affluent clients. About 70% of its monthly revenue comes from individual office workers, 10% from recommendations from customers, and 10% from corporate alliances, such as those with airlines. According to Anand, these business partnerships are turning into a reliable source of income with increased potential for profit for the organisation. He said that for their top employees, including pilots and captains, who used to stay in low-cost five-star hotels, the corporation leases entire premises to corporates.
Tracxn data indicates that since its founding in 2018, Housr has raised a total of $13.7 million in equity capital. In May, it raised $3 million from HDFC Capital in its most recent investment round. LetsVenture, Incubate Funds India, and Rising Sun Holdings are a few more noteworthy investors.
