Business Trends of Co Living Spaces

Betwe en 2013-14 and 2017 -1 8, number o f

1. 4.
N ew co -liv ing s paces is in huge demand, new co lleges ro s e by 25% t rig ge ri ng a r us h
w ith o c c u p a n c y at o ve r 8 0 % fo r student acco mm o dati o n

Glo bally the co living m ar ket is pe g ged at 1 0

2
Inte rstate migrati o n rate do ubled to 4. 5%

5.
Billio n Dol lars and is ex pecte d to grow 15
in 2001-2011 co m pared to previo us decade Billio n Dol lar ti ll 2020 (Jug gy M ar waha,
Executi ve M anaging Dire cto r, JLL India s aid).

Wo r kfo rce in India li kely to increas e to Re nt fo r a co living acco mmo dati on range s

3. 6.
600 millio n by 2022, co m pare d to 4 73 fro m 6k to 20k a m onth o n a s haring bas is
millio n in 2018 while an individual li ving the range is 18 k
to 25k per mo nth
 Why we should get into co living

42% of the workforce in India constituted millennials in 2018 across the top seven cities in India. It is relevant to note that
millennials will continue to form a major proportion of the country’s working population, growing to nearly 41% of the
workforce in 2023.

Source JLL Report on Co living 2018

 Why we should get into co living

Shared Rental Market to grow at a rate of 10% annually, Organised players distinguish themselves from their unorganised
counterparts by their quality of accommodation, quality of service offerings, tech-enabled applications for ease and
convenience. They are typically priced 20-30% higher than unorganised players and directly compete with the them

Source JLL Report on Co living 2018

 Why we should get into co living

Unmet Demands and an opportunity for the co living business

Source JLL Report on Co living 2018

 Why we should get into co living

Lack of supply from the universities give further opportunity for the co living spaces

Source JLL Report on Co living 2018

 Why we should get into co living

Co Living market will be going to increase tremendously in the near future

Source JLL Report on Co living 2018

 Big Players in the Industry

Not yet launched in Mumbai

Mumbai, Noida, Delhi, Coimbatore, Only in Bengaluru (Present in Bangalore, Chennai,
Bangalore, Chennai, Pune, Hyderabad, Hyderabad)
Gurugram

Bengaluru, Dehradun, Delhi, Greater Delhi, Gurgaon, Noida,

 Amenities Provided by the players

Amenities
Name of the Company Parking wif Food AC Laundry TV Fridge A Bath CCTV

Zolo Yes
Yes No Yes Yes Yes Yes Yes Yes
Your Space No
Yes No Yes Yes Yes Yes N.A Yes
Stay Abode N.A
No Yes N.A Yes Yes Yes Yes Yes

Stanza Living N.A

No Yes Yes Yes Yes Yes Yes N.A

Co Ho Beds No Yes No Yes Yes N.A Yes N.A Yes

Co Liv No Yes Yes Yes Yes Yes Yes Yes Yes

NestAway No Yes N.A Yes Yes Yes Yes Yes Yes

Name of the Company Biometric Access Reading Room Lounge Gym Yoga Zone Indoor Games Doctor Facility BusinesCenter Security

Zolo No No
No No No No No No Yes
Your Space Yes Yes
Yes Yes Yes Yes Yes Yes Yes
Stay Abode N.A N.A
N.A N.A N.A N.A N.A N.A Yes

Stanza Living No No
No No No No No No N.A

Co Ho Beds N.A N.A N.A N.A N.A Yes N.A N.A Yes

Co Liv No No Yes No No No N.A N.A Yes

NestAway N.A N.A No No No No No N.A Yes

 Rentals Charged by the players

Rentals Location Stay Abode Bengaluru Stanza Living Delhi Bengaluru CoLiv Bangalore Chennai Hyderabad
Delhi
Zolo Mumbai Banglore Room Type Rent Campus Cities Rent Room Type Rent

Two Sharing Shared 9000 South Campus 13000 Kormangala 13500 4 Sharing 6,500 5499
16000 8000
Type 1 11000 Private Room 17500 North Campus 20500 Bannerghatta 13000 3 Sharing 7000 8000 8000
17000
Type 02 10000 Entire Room 29000 Yelahanka 6750 2 Sharing 10,000 9500 10000

Private 17000 18000

Three Sharing
15000
Type 1 7500
16000
Type2

Private Room
13500
Type 01 9000 18000

Type02 16000
16000
Median Rent 8500 11000 Median Rent 17500 Median Rent 16750 13000 Median Rent 10000 8000 10000
 Future Planning by the players

Name City of origin Started Operations in Footprints Number of beds Expansion Plans Occupancy Rate

To expand to top 8 cities of India over next 12–

CoHo NCR 2015 NCR 2500+ 18 months and to have 10,000 beds by the end of Occupied at more than 90%
2019

To venture into Hyderabad and continue

Bengaluru, Chennai, Vellore and expansion in Bengaluru and manage 50,000 beds
CoLiv Bengaluru 2016
Coimbatore
8000+
or 10 million sq ft under management by end of
Currently occupied at more than 85%
financial year 2020

To venture into cities like Pune, Hyderabad,

Stay Abode Bengaluru 2016 Bengaluru 750+
Chennai and Mumbai
Currently 95% occupied

To launch its services in Pune, Jaipur,

Stanza Living NCR 2017 NCR 2000+
Hyderabad, Bengaluru and Indore
Occupied at 90% across all its locations

Bengaluru, Pune, Chennai, Kota To expand to around 50,000 beds by end of 2019 Occupied at more than 80% across all its
Zolostays Bengaluru 2015
and NCR
10,000+
and venture into Hyderabad properties
 Fundings Received

Zolo Type Funding Status Nest Away Type Funding Status

Latest Funding Round Series B Early Stage Venture Latest Funding Round Series D Late Stage Venture
Number of Funding rounds 2 Number of Funding rounds 7
IDFC Private Equity Goldman Sachs
Nexus Venture Partners Tiger Global Management
Name of the investors Miare Asset Global Investment Name of the investors Chiratae Ventures
Innoven Capital Flipkart
Ratan tata
Zolo Co Living App 74669 Monthly downloads Nest Away App 70348 Monthly downloads

Total Funding Amount 35 Million Dollars 07-Jan-19 Total Funding Amount 104.2 Million Dollars 13th May 2019

Your Space Type Funding Status Stanza Living Type Funding Status
Latest Funding Round Series A Early Stage Venture Number of Funding Rounds 4 Series C
Angel Investor Accel
Name of the Investor
HNIs Falcon Edge Capital
Name of the investors Matrix Partners
Alteria Capital

Funding Amount from the

1 Million Dolloars Total Funding Amount
latest round 14.5 Million Dollars 12-Jul-19
Types of Millennials that it caters
 Characteristics of Millennials

Smart Phones are the new sticky notes for millennials managing all
the things on smart phone

Social media contents play a major role in the life of millennials

from posting and reading products review to everything

Buying trends and rapidly being replaced from ownership to

access with the new sharing economy
 Factors Considered by the Millennials

Safety

8%

Proximity to
Social
Infrastructure 9% 69% 9% work

5%
Cost
 3’C Principle of Co Living

• Convenience
• Easy to rent and move in as there is no middle men like brokers
C and one does not have to deal with difficult land lords

• Community
• Group activity organised by the co living operators ensure you
C will not feel lonely in the new city

• Collaboration
• Community driven events and common areas redefne the
C people live and drive inspiration