To provide more coliving spaces, smart food courts, Isthara secured $10 M

Isthara will utilize the money to enter the business-to-consumer (B2C) retail food court market and to increase its presence there as well.

With the present fundraiser, Isthara has successfully raised a total of close to $21 Mn in funds.

According to the firm, it has served more than 200,000 clients thus far. It also plans to increase income by 10x during the following three years.

Isthara, a business in the coliving space, has raised $10 Mn (INR 81 Cr) in a Pre-Series B round of financing that was overseen by Eagle Investments of Dubai.

With the money, Isthara plans to enter the business-to-consumer (B2C) retail food court market and increase its market share in the coliving industry.

Additionally, it will use the cash it has available to quadruple its bed capacity in the coliving and student housing categories to 50,000 beds by 2025. According to the startup, Isthara has raised a total of approximately $21 million in investment to date.

“With a rise in safety and hygiene concerns since the pandemic, we are seeing a fundamental shift as customers are increasingly opting for tech-enabled and safety-focused coliving and food options. With its unique business model, Isthara is poised to disrupt the coliving and retail food court segment,” Elias Kawar, managing director of Eagle Investments said.

Gilbert James and Vijayan Krishna Kumar founded Isthara in 2017, which provides working professionals and students with coliving spaces, smart food courts, and cafeteria services. In Hyderabad, Bengaluru, Delhi NCR, and Chennai, it asserts to administer over 24K beds.

Isthara claimed that it also manages “smart food courts,” which digitalize traditional cafeterias and food courts in businesses and educational institutions to make them simpler to run.