COVIE, a new co-living startup has been launched in the Pune, Bengaluru and Mumbai markets with 3000 beds. COVIE is the brainchild of two experienced real estate entrepreneurs, Swapnali Bhosale Kadam and Abhishek Kumar. It aims at clocking revenue at an industry average of INR 10,000 per bed in the first year through aggressive acquisition of customers, beds and geographical reach.
Speaking about the new venture, Swapnali Bhosale Kadam, Co-Founder, COVIE said, “The co-living ecosystem in India has been growing at a speedy pace with newer working models coming into the scenario. The concept has brought in opportunities, mostly catering to students, professionals, and senior citizens, thus bringing much growth for this segment. Currently, our focus is on building long-lasting capabilities that are vital in strengthening the co-living ecosystem in India. We expect to set benchmarks by creating premium spaces &render services by a co-living operator to ensure 100% customer satisfaction”.