Colive, a leading tech-enabled co-living startup, has raised $20 million in strategic funding led by Bain Capital, alongside long-term partner Sattva Group.
The fresh capital will support Colive’s growth, including upgraded technology infrastructure, expanded market presence, and a reinforced position in rental housing solutions across India.
This investment is part of a larger initiative: Bain Capital and Sattva Group have jointly launched a $100 million pan-India co-living real estate platform, with Colive serving as its cornerstone manager. The platform will focus on acquiring land, developing flagship co-living communities, and delivering purpose-built rental homes in major urban centers.
The initiative plans to scale the co-living footprint from its current size to 50,000 beds over the next three years, with each property averaging 300,000 sq ft and primarily targeting executive rentals. The platform will be jointly owned by Sattva Group and Bain Capital, with the private equity firm holding the majority stake.
So far, the platform has secured land in Pune and Bengaluru, with nearly 0.5 million sq ft under development, and further expansion plans are underway in Bengaluru, Pune, and Hyderabad, aiming to deliver 8–10 flagship projects in the near term.
By: Arushi Agarwal
