What is Settl?
Founded in 2020, Settl operates at the intersection of hospitality and real estate, offering a community-centric approach to managed living. The company specializes in providing fully furnished apartments and studios designed for short-term occupancy, catering to the evolving needs of a mobile workforce and urban dwellers. By streamlining the rental experience through technology and community management, Settl has carved out a distinct niche within the Indian PropTech market.
The company's business model focuses on asset-light operations, allowing for rapid scalability across key urban centers. By prioritizing tenant experience and operational efficiency, Settl has established itself as a reliable partner for individuals seeking hassle-free, high-quality housing solutions. Its market position is further solidified by its ability to attract institutional backing from firms that specialize in the built-world and consumer-focused 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 We Founder Circle and Ah.ventures
Other Financing Round (2024): $1.2M led by We Founder Circle, Gruhas Proptech, Inflection Point Ventures, and ah! Ventures Fund
Key Investors in Settl
We Founder Circle
A leading startup investor community in India that follows a founder-first investment thesis, providing seed funding and business development support to early-stage ventures.
Gruhas Proptech
An India-focused venture capital fund that empowers entrepreneurs in the PropTech and CleanTech sectors, emphasizing strategic partnerships to drive sustainability and innovation.
Inflection Point Ventures
India's leading angel investing platform that provides both financial backing and non-monetary support to startups, leveraging a vast network of CXOs and professionals.
What's next for Settl?
With the recent influx of capital, Settl is poised to accelerate its expansion strategy, likely focusing on increasing its footprint in Tier-1 and Tier-2 cities across India. The strategic investment will likely be deployed toward enhancing the company's proprietary technology stack, which manages everything from booking workflows to community engagement. Furthermore, the firm is expected to deepen its operational capabilities, potentially exploring new service verticals within the broader PropTech ecosystem.
As the demand for flexible, short-term housing continues to rise, Settl's focus on sustainable growth and community building will be critical. The company's ability to leverage its network of strategic investors—ranging from specialized PropTech funds to angel networks—will provide the necessary guidance and resources to navigate the next phase of its corporate lifecycle. Future milestones will likely center on achieving greater economies of scale and solidifying its brand as a leader in the managed housing segment.
