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STUDENT HOUSING STARTUP AMBER SECURES $21 MILLION
February 13, 2024
|The Business Guardian
Amber, a student accommodation platform founded in 2017 by Saurabh Goel and Madhur Gujar, has secured $21 million in its first round of institutional funding. The investment, led by Mumbai-based private equity firm Gaja Capital, includes $18.5 million in fresh equity and the remaining portion in venture debt from Lighthouse Canton and Stride Ventures.
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The funds raised will be allocated towards global expansion efforts and enhancing offerings for both property managers and students. Amber plans to scale its operations by onboarding more suppliers and property managers while focusing on increasing demand from international and domestic students. Additionally, investments will be directed towards product development to drive innovation.
Goel stated that the company aims to aggressively scale its presence in existing markets such as the UK, Australia, and Ireland, where it already holds a leading position. However, significant allocations will also be made towards expanding into new markets like the US, Canada, and Europe.
هذه القصة من طبعة February 13, 2024 من The Business Guardian.
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