Student Housing and Coliving start-up RoomSoom raises funding from Mumbai Angels Network
RoomSoom, a coliving and student housing company has raised funding from Mumbai Angels Network. RoomSoom was founded in 2016, headquartered in Noida by Nitin Agrawal and Garima Agrawal.
RoomSoom believes that it’s not into the business of providing houses to those who need it, but into providing living experiences to those who will be delighted by it. Its dynamic growth lies in its ability to quickly identify the needs of a young and demanding population and provide quick solutions that they never thought existed.
Nitin Agrawal Co-Founder of RoomSoom, said, "MA not only helped us raise funds seamlessly but also connected us to its vast network of Investors across cities in India. With these funds, we plan to tap every market, reach every individual, and identify every need. So that we can provide them with a solution they will not find anywhere else."
Anshuman Ranjan, MA Investor shares his thoughts on RoomSoom, “From an investor's perspective RoomSoom had the right ingredients; a scalable and profitable business model, experienced and innovative management, and a resilient business that can recover quickly from the pandemic impact.”
Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network, commented, “RoomSoom specializes in designing coliving accommodations for the youth and makes house hunting easy for bachelors and families. We are delighted about having RoomSoom as a part of our portfolio, we wish the team success, growth and expansion of the business across more cities in India.”
About Mumbai Angels Network:
Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai). It has a 135+ strong portfolio with 30+ exits and has invested 150+ crores.