Total amount raised
$21 Million
Latest funding date
02/01/2024
Location
AmberStudent has successfully raised funding over four rounds, with the latest being a Private Equity round. The platform is backed by notable investors, including Stride Ventures and Gaja Capital.
Keep reading to explore the intricacies of AmberStudent's fundraising journey and the investors supporting this innovative platform.
What Is AmberStudent?
AmberStudent is a long-term accommodation booking platform for students across the globe. Founded in Pune, Maharashtra, India, the company operates in the Internet and Real Estate industries.
With a workforce of 501-1000 employees, AmberStudent offers a wide range of verified properties, 24x7 assistance, and a lowest price guarantee. The platform partners with over 800 universities and operates in more than 250 global cities, making it a trusted choice for students seeking housing near top universities.
How Much Funding Has AmberStudent Raised?
- Private Equity Round
- Amount Raised: USD 18,500,000
- Date: February 2024
- Lead Investors: Gaja Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global presence and improve services for property managers and students.
- Debt Financing Round
- Amount Raised: USD 2,500,000
- Date: February 2024
- Lead Investors: Gaja Capital, Lighthouse Canton, Stride Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address the growing demand for high-quality student housing worldwide.
- Series Unknown Round
- Date: July 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
- Series Unknown Round
- Date: June 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
Total Amount Raised: USD 21,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Gaja Capital
- Details: Gaja Capital is a private equity firm based in India, known for investing in mid-sized companies.
- Investment Focus Areas: Consumer, Financial services, Healthcare
- Notable Investments: Not publicly disclosed
- Lighthouse Canton
- Details: Lighthouse Canton is a global investment firm providing wealth and asset management services.
- Investment Focus Areas: Real estate, Technology, Financial services
- Notable Investments: Not publicly disclosed
- Stride Ventures
- Details: Stride Ventures is a venture debt firm in India, providing credit solutions to startups.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Not publicly disclosed
What's Next for AmberStudent?
AmberStudent is poised for significant growth as it expands its global presence and improves services for property managers and students. With the student housing market projected to see 31 million relocations by 2036, the opportunity is vast. The current supply of 7.5 million beds highlights a substantial gap that AmberStudent aims to fill.
Future fundraising rounds are likely, given the high growth potential and profitability. As AmberStudent scales, it may attract more investments and possibly acquire smaller platforms to enhance its offerings. However, challenges such as meeting high demand, navigating international regulations, and maintaining service quality will need to be addressed.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like AmberStudent and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
