Isthara, an Indian co-living brand, raised $10M in funding.
The round, which brings total funding raised to date to approx. $21 million, was led by Dubai-based Eagle Investments.
The company intends to use the funds to build on its B2C portfolio, and scale operations across the retail food court market.
Led by Gilbert James and Krishna Kumar, Isthara provides shared-living accommodation for working professionals and students, with a host of amenities paired with premium features. While the company has grown in the B2B institutional cafeteria segment, it aims to replicate this business success in the B2C space by launching smart food courts across retail locations such as malls. Additionally, the funding will also be utilized to double bed capacity in the company’s co-living and student accommodation segments to around 50,000 beds by 2025.
In September 2021, Isthara raised funding from existing investors JM Financial Private Equity, along with Dubai-based Eagle Proprietary Investments. Recently, the company acquired software product engineering firm, ‘Letsmobility’, to introduce advanced tech solutions in the co-living and institutional cafeteria sectors.
FinSMEs
12/10/2022
Eagle Investments is a globally diversified private investment company focused on investing in early stage companies that are disrupting their respective industries. Our team seeks out and invests alongside high integrity and high functioning management teams. We seek to be a value-add investor by devoting a significant amount of time understanding the needs of our portfolio companies and working closely alongside management teams to drive strategic, operational and financial growth. Eagle was founded in 2008 and is based in the Dubai International Financial Centre (DIFC), Dubai, UAE.