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EZstays Secured 8.5 Crore From Finvolve To Boost Facilities
EZstays, which provides hostel facilities to students who move to different cities for further education or to pursue jobs. It has now secured 8.5 crore startup funding from Finvolve and other strategic investors to enhance its facilities and improve the existing infrastructure.
Summary:
1. EzStays, a student accommodation platform, has secured 8.5 crore funding from Finvolve and other strategic investors to enhance its facilities and improve existing infrastructure.
2. The company offers value-added programs such as job development initiatives, mentorship sessions, leadership presentations, mock interviews, sports tournaments, and cultural events.
3. Since its establishment in 2019, EzStays has shown impressive development, with a 620% revenue increase to ₹36 crore in FY 23-24.
EZstays, which provides hostel facilities to students who move to different cities for further education or to pursue jobs. It has now secured 8.5 crore startup investment from Finvolve and other strategic investors to enhance its facilities and improve the existing infrastructure.
Finvolve is a multi-stage VC fund that has invested in EZstays. The funding structure incorporates both primary and secondary transactions.
The student accommodation platform is leveraging the funding to significantly increase the number of beds across new and existing locations. It is also focusing on providing fully furnished rooms along with the other modern needs of students to give them a home feeling away from their homes.
The startup is set to expand and increase its growth to manage the shortage of sophisticated accommodation since over 35 million students have enrolled to pursue higher education.
Post this startup news, the startup claims it will bridge this gap through a technologically driven, service-first strategy that promises a seamless experience for both kids and parents.
The firm also improves the student experience by offering a wide range of value-added programs such as job development initiatives like EZ-Mentor and EZ-Connect, mentorship sessions, leadership presentations, mock interviews, sports tournaments, and cultural events.
Key Leaders of EZstays and Finvolve:
Following the startup investment round, the co-founders of both startups have made their comments on the startup news.
Vaibhav Khanna, Co-Founder of EZStays, said, “Our objective is to improve student life by providing more than just a place to stay, but a place to belong. With the help of Finvolve and IA, we are now ready to scale faster- adding more beds, expanding into new cities, and improving our tech platform and service offerings to better serve our community.”
Apoorva Vora, Co-Founder of Finvolve, commented on the investment, saying, “Student accommodation in India is facing a massive transformation, caused by rising demand for quality, organised living experiences.” The startup is creating a complete student lifestyle ecosystem, including safety, convenience, community, and services. Their concept is perfectly aligned with our commitment to supporting mission-driven, versatile startups.
About EZstays:
Since its establishment in 2019, it has shown impressive development, as seen by its revenue, which soared by 620% to ₹36 crore in FY 23–24. The company’s FY 24–25 revenue projection of ₹53 crore underscores the growing demand for its services.
The student accommodation platform prioritizes developing sustainable and appealing living spaces in addition to increasing capacity. In its buildings, the company uses waste management techniques, eco-friendly building practices, and energy-efficient technology.
Finvolve’s recent ₹8.5 crore investment round in EZstays marks a major turning point in the company’s growth. Even though there is an overwhelming need for student housing in India, EZstays is going above and beyond by providing a bed and much more to make students feel content and at ease while they are away from home. With everything from tech-powered services to fully furnished apartments and mentorship programs, the brand is creating a whole ecosystem that involves students on an intellectual, social, and emotional level. The funds raised will support additional expansion, improve infrastructure, and provide more cities with a top-notch education for students.
With a 620% revenue increase and an eco-friendly business approach, EZstays isn’t just expanding: it’s also transforming student housing in India. EZstays is transforming hostels into homes and investing to make a difference in a setting where coziness, friendship, and care are paramount.
