Colive, a Bangalore-based co-living platform, has raised $20 million in strategic funding led by Bain Capital, with backing from long-term partner Sattva Group.
The funds raised will be used to enhance its technology infrastructure and expand market presence.
This funding is part of a larger joint initiative. Colive has partnered with Bain Capital and Sattva Group to establish a pan-India co-living real estate platform with an initial commitment of at least $100 million.
The new platform will be dedicated to acquiring land, developing flagship communities, and delivering purpose-built rental housing across India’s largest urban centers, meeting the growing demand from young professionals and students for high-quality, community-driven living spaces.
This exclusive real estate platform, managed by Colive, has completed initial land acquisitions in Pune and Bengaluru, with nearly 0.5 Mn sq ft of Coliving spaces under development. Additional opportunities are being actively evaluated in Bangalore, Pune, and Hyderabad. The PropCo initiative targets 8-10 flagship developments in the immediate term, creating a scalable foundation for Colive’s pan-India expansion.
Suresh Rangarajan, Founder & CEO, Colive, said, “This funding represents a pivotal moment in Colive’s journey to revolutionize urban living for young professionals throughout India. It signifies strong investor confidence in our vision and enables accelerated scaling, continuous innovation, and deeper commitment to developing intelligent, community-centered living environments that genuinely feel like home.”
Sarit Chopra, Partner at Bain Capital, said, “India is experiencing a fundamental transformation in urban housing preferences, and Colive stands uniquely positioned to address this surging demand through technology-enabled, community-focused living solutions. Our investment commitment demonstrates our unwavering confidence in this market category and Colive’s established leadership position.”
Bijay Agarwal, Managing Director, Sattva Group, said, “At Sattva, we have long believed that co-living is a critical enabler of India’s urban transformation. We have deepened our partnership with Colive significantly over the last few years, which reflects our conviction that this sector holds immense potential. While demand from young professionals migrating to cities is robust, the real challenge lies in creating quality supply that matches their aspirations and lifestyle needs. Through this partnership with Bain Capital, we are bringing international standards and global best practices to India while establishing a dedicated PropCo platform for purpose-built assets and are positioned to scale solutions that will shape how India’s next generation lives and works in our cities.”
