StayAbode, a start-up that is building co-living spaces, said that it had raised an undisclosed amount of angel funding from a consortium of investors led by Ishan Manaktala and Angie Mahtaney.

Gaurav Bhalotia (Ex-VP Engineering, Flipkart), Vishal Lulla (CEO, Vishal Exports) and investors from online funding platform LetsVenture also participated in the round. StayAbode said it offers more than 180 beds spread over four properties across Bengaluru. The funding would help it expand to other cities.

Mr. Bhalotia said, “StayAbode is using technology to create living spaces that support the new lifestyle of the young.”

source: http://www.thehindu.com / The Hindu / Home> Business / by Special Correspondent / Bengaluru – February 27th, 2017