Settl, a technology-driven managed accommodation platform, has raised an investment worth $500,000 in seed round. The funding round witnessed participation from an array of investors- We Founder Circle, ah! Ventures and other angel investors like - Saurabh Jha (Director- Growth and Analytics, Housing.com), Ashu Dubey (Principal Product Manager, Linkedin), Mahesh Pillai, Senior Vice President, Pierian Services Private Limited and Abdul Paravengal (ex CBO, Shipper).
The startup plans to deploy funds to enhance the technology stack and acquire more supplies. Additionally, it plans to expand aggressively across cities including - Delhi-NCR, Pune, and Chennai, targeting creating an inventory of more than 2000 beds in the next 6 months for the urban professionals.
