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Colive Expands Co-Living Platform with $100 Million Investment in Tech Hubs

By GeoSquare News Desk · Published 2025-09-08

Colive, a shared living company based in Bengaluru, has partnered with Bain Capital and real estate firm Sattva Group to establish a $100 million co-living platform. This ambitious project aims to develop properties that will add 10,000 to 12,000 beds in the major technology micro-markets of Bengaluru, Pune, and Hyderabad, according to a top company executive.

In these cities, the firm plans to acquire 8-10 land parcels, each spanning 1 to 3 acres, to develop built-to-suit co-living spaces. The platform, launched with an initial commitment of $100 million, also saw Colive raising $20 million in a Series B funding round led by Bain Capital, with participation from existing investor Sattva.

So far, Colive has primarily leased buildings and operated them as shared living spaces. However, this new platform allows the company to design and build properties from the ground up, exclusively for co-living purposes. According to Suresh Rangarajan, founder and CEO of Colive, the demand for shared living homes has been high, driven by urbanization and migration to cities. The strategy is to cater to a growing urban migrant base, particularly young professionals and students who are moving to these cities for work.

The co-living sector, which faced a setback during the COVID-19 pandemic, has rebounded strongly. Urbanization and the influx of young professionals and students seeking flexible, community-driven, and hassle-free rental housing options have fueled this growth. Colive plans to serve a tenant base that works in global capability centers (GCCs), technology companies, and large corporate houses in major business parks and commercial districts in the three cities.

Colive has already acquired land parcels in suburban Bengaluru's Whitefield area and in Kharadi, Pune, and is evaluating more land opportunities in the three cities. The company's current portfolio includes 14,000 beds, and it aims to add another 6,000 beds by next March outside the new platform.

Rangarajan noted that there is a high demand for premium co-living spaces, similar to the premium office spaces sought by GCCs and global tenants. As a result, the new portfolio will be skewed towards single rooms, with Colive charging approximately ₹23,500-24,000 per month for a single room.

The co-living market in India is on a growth trajectory, with demand rebounding strongly in recent years. Property advisory firm Colliers India projects that the organized co-living market, currently estimated at around 0.3 million beds, will grow to nearly one million beds by 2030. Despite the lack of initial public offerings (IPOs) in the co-living industry, Rangarajan indicated that Colive will consider an IPO as the platform scales up further.