Your-Space raises $10 million in Series-A Funding Round

The student housing startup, Your-Space has raised $10 million in its Series A funding with a combination of pure equity and convertible debentures. The startup is planning to use the raised funds to expand and grow the business.

The co-founder and COO of the company, Shubha Lal has said that the fundraising is a testament to the confidence of their stakeholders in their value proposition-sharp focus on management and redefining customer services standards at a reasonable price. 

She also said that the funds will help the company to deepen the presence of its business in a competitive crowded market. It has more than 7,000 operational beds in 9 cities and is targeting to take it to 20,000 beds by July this year.

The company has said that it was formed to provide the students with a purpose to better the students’ world and provide them with a space to study while they stay away from home.