Gurgaon-based CoHo.in, a tech-enabled venture pioneering the concept of Co-Living Spaces in India with its offering of managed apartments and villas. They are transforming the way students and young professionals (between the age of 18-32 millennials) live in India.
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The idea is to bring in superior living experience at affordable price points, by leveraging technology for seamless user interactions with end-to-end home services like housekeeping, repairs, maintenance, high-speed internet and other utilities.
Founded by Uday Lakkar, an IIM-Ahmedabad alumnus who has previously worked in McKinsey, Morgan Stanley and IREO before launching CoHo last year. He also launched Zocalo.in a broker-free listing platform for rental properties and PGs in May 2014.
“The hassle of finding of an accommodation and the headache of managing and maintaining the space prompted me to start CoHo last year. And since no one in the market was doing this yet in India, it was another reason for starting this off,” said Uday Lakkar.
For young professionals, they bring fully-furnished comfortable home stay with a community of like minded people. On the other side for property owners, they act as property managers, helping them with furnishing the property, good upkeep, maintenance and ensuring tenants of high pedigree.
Coho startup team has the right blend of strategic, technology, real estate and hospitality backgrounds and they exceptionally focus on a hassle free managed apartments and villas and social lounge with pool table, PS3 and foosball table which enhances the overall living experience driven by technology. They strive to ensure the perfect home experience which transitions seamlessly across the digital and physical space, added Uday.
Coho.in competes with Bangalore-based online home rental platform Nestaway which recently secured $30 Million From Tiger Global, Yuri Milner, IDG Ventures
CoHo plans to go in depth in each city before expanding geographically to other Tier 1 cities of India and also will be serving family audience soon apart from students and young professionals.
Also introduction of latest technology products like smart locks, virtual reality, energy saving appliances will help scale the business.