Lodging platform Amber raises $21 million funding for international growth

Scholar lodging platform, Amber has raised $21 million (₹175 Crores) led by Gaja Capital in its newest funding spherical.

The recent capital might be used for international growth and to reinforce its choices for property managers and college students, the corporate stated in an announcement.

Commenting on fund elevate Saurabh Goel, CEO of Amber stated, “In different sectors we’ve seen technology-led disruption, however surprisingly the house-hunting course of stays archaic. In the previous few years, our crew has leveraged expertise and efficient execution to scale properly past PMF, and that too profitably. This spherical additional strengthens our mission to supply a good higher expertise, broaden to newer geographies and unlock progress levers for the subsequent 10x”.

Scholar housing market

Gopal Jain, Managing Associate, Gaja Capital says, “World enhance in pupil enrolments underpinned by a long-term examine overseas pattern is fueling the organised pupil housing market. Saurabh and Madhur have constructed a really international enterprise out of India, and we’re glad to companion with them as they work in the direction of growth into newer markets and deepening their choices for college students and property managers.”

Amber is an lodging platform that gives a market for college students to e book long-term housing. The corporate is headquartered in Pune, India and has a presence in UK, US, Australia, Eire, Germany, Canada, Spain and China.



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