Broker-free student housing platform Placio gets US$2M from Prestellar Ventures to expand to Malaysia, Singapore

Broker-free student housing platform Placio gets US$2M from Prestellar Ventures to expand to Malaysia, Singapore

e27.co·2018-02-11 05:10

Noida (India)-based student housing startup Placio today announced that it has raised US$2 million in pre-Series A round of financing from Singapore-based private equity fund Prestellar Ventures.

The funding will go into Placio’s expansion activities in Southeast Asia. Additionally, it will acquire additional beds to provide students with a technology platform with features such as hostel management system, roommate matching and search, value-added services like food ordering, booking of events, CRM system and others via in-house mobile wallet.

“Singapore and Malaysia are our targets as these two countries are the most favourite destinations for students in India and other parts of Asia and Africa. We see huge opportunity in student housing in these two markets,” Rohit Pateria, Founder and CEO of Placio, told e27.

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