What is Settl?
Founded in 2020 and headquartered in India, Settl operates as a curated community offering furnished apartments and studios designed for short-duration stays. The company aims to provide a seamless and comfortable living experience for individuals seeking flexible accommodation solutions. Settl's business model addresses the growing demand for convenient, well-equipped living spaces in urban centers, positioning it within the burgeoning hospitality and real estate technology sectors.
How much funding has Settl raised?
Settl has raised a total of $1.7M across 2 funding rounds:
Angel/Seed
$500K
Other Financing Round
$1.2M
Angel/Seed (2021): $500K with participation from Ah.ventures and We Founder Circle
Other Financing Round (2024): $1.2M led by Inflection Point Ventures, We Founder Circle, ah! Ventures Fund, and Gruhas Proptech
Key Investors in Settl
Inflection Point Ventures
Inflection Point Ventures is a prominent angel investing platform in India, dedicated to providing viable investment opportunities and founder-friendly support to startups. They focus on creating an accessible angel-investing network and offer both funding and non-monetary support for startup growth.
We Founder Circle
We Founder Circle is a leading Indian startup investor community that invests in early-stage startups, providing seed funding and business development support. Their global network of founders and angel investors follows a founder-first thesis across various industries.
ah! Ventures Fund
ah! Ventures Fund is a SEBI-registered fund specializing in early-stage, pre-Series A startups with global ambitions. They invest between 3-5 crores in each startup, focusing on empowering business ventures with a dedicated team managing portfolio performance.
What's next for Settl?
The recent major strategic investment signals a pivotal moment for Settl, likely indicating a move towards scaling operations, enhancing its property portfolio, and potentially expanding its geographical reach. This substantial backing suggests investor confidence in Settl's business model and its capacity to capture a larger share of the short-term rental market. Future developments may include technological advancements in booking and management systems, strategic partnerships with property developers, and a focus on customer experience to solidify its competitive advantage.
See full Settl company page
