Settl: How They Are Redefining Co-Living Spaces in India

Settl is a platform that offers fully-furnished and safe co-living spaces in Bangalore with 24/7 power backup, regular cleaning and maintenance, internet, and on-site laundry services. It caters to young professionals who love the privacy and communal living. It also provides a vibrant and inclusive community of co-Settlrs who bond over curated events and activities. In this article, we will explore how Settl is creating value for its customers and partners.

Settl

Details of the startup:

  • CITY : Bengaluru
  • STATE : Karnataka
  • STARTED IN : 2019
  • FOUNDERS : Abhishek Tripathi, Ashok Reddy Sagar and Bharath Bhaskar
  • NUMBER OF INVESTORS : 16
  • LATEST ROUND INVESTMENT : ₹100.00M
  • TOTAL INVESTMENT : ₹140.50M
  •   TOTAL SECURED LOANS AVAILED : ₹14.45M

You can find their website here.

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About Settl

Settl was launched in July 2019 in Bengaluru amid the COVID-19 pandemic to ensure safe, clean, furnished, and ready-to-move in properties for migrants. The startup aims to make migrants feel at home and settled in a new city. It operates on a full-stack model, where it acquires assets of the builders or asset owners for a long lease and provides co-living and community-living solutions to the working professionals.

Settl has a network of over 50 properties across Bangalore, offering various types of accommodation, such as flat share, private room, and service apartment. It has a customer base of over 2,000 co-Settlrs from various domains, such as IT, BFSI, healthcare, and more. It has partnered with over 20 builders and asset owners, including Brigade, Prestige, and more.

Settl aims to provide a hassle-free and comfortable co-living experience to its customers. It allows them to choose from various options, such as location, budget, and amenities. It also offers a warranty, maintenance, and customer support service.

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Their Features

Settl offers a variety of features for different co-living scenarios and preferences. Some of their features are:

  • Fully Furnished: Customers can enjoy the convenience of moving into a fully-furnished co-living space with all the essentials, such as bed, wardrobe, TV, AC, fridge, and more. They can also access common spaces, such as kitchen, living room, and balcony.
  • 24/7 Power Backup: Customers can avoid the inconvenience of power cuts with 24/7 power backup service. They can also use the high-speed internet connection for their work and entertainment needs.
  • Regular Cleaning and Maintenance: Customers can relax and focus on their work and hobbies without worrying about cleaning and maintenance. Settl has a friendly housekeeping staff who take care of the regular cleaning and maintenance needs.
  • On-Site Laundry: Customers can save time and money by using the on-site laundry facilities. They can access the washing machine at any time of the day and dry their clothes in the balcony.
  • Settl Community: Customers can be a part of the Settl community, where they can bond with their co-Settlrs over coffee, games, and more. They can also participate in curated events and activities, such as movie nights, yoga sessions, karaoke nights, and more.

Their Benefits

Settl provides many benefits to its customers and partners, such as:

  • Cost Savings: Customers can save up to 50% of the cost compared to conventional rental spaces. They can also avoid the hassle of paying hefty deposits and rents. The nominal charges cover all their expenses, such as electricity, water, and internet bills.
  • Flexibility and Convenience: Customers can choose the co-living space that suits their lifestyle, location, and budget. They can also book and move in easily using the Settl app or website. They can also change or cancel their booking anytime without any penalty.
  • Community and Collaboration: Customers can network and collaborate with a diverse and vibrant community of co-Settlrs, mentors, investors, and experts. They can also learn and grow from each other’s experiences and skills.
  • Business Growth: Partners can leverage Settl to increase their occupancy, revenue, and retention. They can also reduce their marketing, operational, and maintenance costs. They can also enhance their brand image, loyalty, and reach.
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Settl is a platform that is redefining co-living spaces in India. It is helping customers to find safe, comfortable, and affordable co-living spaces in Bangalore. It is also helping partners to grow their business and optimize their assets. Settl is truly a leader in the field of co-living spaces.

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