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Ezstays completes seed round of funding
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SME Times News Bureau | 06 Mar, 2021
Student housing startup Ezstays has completed its seed round of funding
raising $400,000 from Richard Rekhy, former CEO of KPMG India among
other private investors.
A company statement said that keeping
premium amenities at its core, Ezstays will allocate funds to further
refine its customer experience.
Ezstays offers accommodation
services and operates more than 1,200 beds in educational hubs such as
Greater Noida, Ghaziabad, New Delhi and Bhopal.
The company expects to reach 5,000 beds by the start of the academic session of 2021-2022.
"Ezstays
aims at curbing every type of ambiguity faced by students and their
parents in terms of reallocation in tier 1 or 2 cities. Catering to the
varied requirements of students, Ezstays is committed to making students
feel at home," it said.
Vaibhav Khanna, Founder, Ezstays said:
"This student housing company is tightly managed and operationally
sound. We are thankful to Richard for placing his faith in us, and we
are sure of achieving increased investor confidence which will enable us
to reach new heights and gain more success."
Noting that
student housing is a "good business" across the world especially in UK
and European Countries, Richard Rekhy said that in India too, with the
increasing trend in student's mobility across states to move to bigger
cities for higher education, the demand for quality and safe student
housing is rapidly growing.
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