Co-living startup COVIE to start with 3000+ beds in Pune, Bangalore, and Mumbai
Published on 25th August, 2020 | 1 min read
PUNE: Real estate entrepreneurs Swapnali Bhosale Kadam and Abhishek Kumar have launched COVIE, a new age co-living startup with 3000+ beds in Pune, Bengaluru and Mumbai. The startup aims at clocking revenue at an industry average of Rs 10,000 per bed in the first year through aggressive acquisition of customers, beds and geographical reach. Talking about the new venture, Swapnali Bhosale Kadam, Co-Founder, COVIE said in a statement, “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.” COVIE caters to all the three segments of students, professionals, and senior citizens under the brands Covie Ed, CovieLiv & Covie Plus.
