Total amount raised
$21 Millions
Latest funding date
02/01/2024
Location
AmberStudent has successfully raised $21 million over multiple funding rounds, including debt financing and private equity. The platform specializes in providing long-term accommodation booking services for students globally.
Keep reading to explore the intricacies of AmberStudent's fundraising journey and the investors backing this innovative platform.
What Is AmberStudent?
AmberStudent, founded in 2016, operates in the Internet and Real Estate industries. The company is headquartered in Pune, Maharashtra, India, and was established by Abhimanyu Dhamija, Madhur Gujar, and Saurabh Goel.
With a workforce of 501-1000 employees, AmberStudent specializes in providing long-term accommodation booking services for students globally. The platform serves millions of students annually, offering verified property listings, 24x7 assistance, and various booking options.
How Much Funding Has AmberStudent Raised?
- Debt Financing
- Amount Raised: $2.5M
- Date: February 2024
- Lead Investors: Gaja Capital, Lighthouse Canton, Stride Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage operational costs, expand services, and invest in technology and infrastructure.
- Private Equity Round
- Amount Raised: $18.5M
- Date: February 2024
- Lead Investors: Gaja Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business, enhance market presence, and expand into new regions.
- Venture Round
- Amount Raised: Not disclosed
- Date: July 2022
- Lead Investors: Klub
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and operational expansion.
- Venture Round
- Amount Raised: Not disclosed
- Date: June 2021
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel early-stage growth and development.
Total Amount Raised: $21M
Current Valuation: Not publicly disclosed
Key Investors
- Gaja Capital
- Details: Gaja Capital is a private equity firm known for its significant investments in technology-driven businesses. They have been a key investor in AmberStudent, participating in multiple funding rounds.
- Investment Focus Areas: Education, software development, financial services, consumer direct segments.
- Notable Investments: AmberStudent, Kinara Capital, EuroKids International.
- Lighthouse Canton
- Details: Lighthouse Canton is an investment firm that participated in AmberStudent's funding round, providing venture debt. They focus on delivering tailored investment solutions.
- Investment Focus Areas: Venture debt, private equity, real estate.
- Notable Investments: AmberStudent.
- Stride Ventures
- Details: Stride Ventures is an investment firm that provided venture debt to AmberStudent. They specialize in offering customized debt solutions to high-growth companies.
- Investment Focus Areas: Venture debt, technology, consumer services.
- Notable Investments: AmberStudent, SUGAR Cosmetics, Stellapps.
What's Next for AmberStudent?
AmberStudent stands at the cusp of significant growth opportunities, driven by the increasing global demand for quality student housing. With the recent $21 million investment, the company is poised to expand its global presence, improve services, and onboard more property managers to meet the projected demand of 31 million student relocations by 2036.
Future fundraising opportunities appear promising as AmberStudent continues to scale its operations and enhance its market presence. The company is likely to attract further investments to support its ambitious expansion plans, leveraging technology to streamline the booking process and improve customer experience.
However, challenges remain. Bridging the gap between customer experience and the housing sector, managing supply constraints, and ensuring high-quality service while expanding rapidly are hurdles that AmberStudent must navigate. Despite these challenges, the company's growth trajectory and the rising demand for student housing suggest a bright future ahead.
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