Co-living operator Setll has clocked over a 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.
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 markets. The agreements are likely to be signed by September.
Settl said its revenue jumped to Rs 16.75 crore last fiscal from Rs 6.75 crore in the previous year.
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