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Amber Raises USD 21.5M Funding Led by Gaja Capital for International ExpansionCompany to utilize funds for expansion into newer international markets and enhance its offerings for property managers and students | ||
Pune, Maharashtra, India
Leading student accommodation platform Amber today said that it has raised $21.5 M led by Gaja Capital in its latest funding round. The global accommodation player added that it would use the fresh capital for expansion into newer international markets and enhance its offerings for property managers and students.
Mr. Saurabh Goel, CEO & Co-founder and Mr. Madhur Gujar, CBO & Co-founder
Amber was founded in 2017 by Saurabh Goel and Madhur Gujar. With over 1M+ beds listed on its platform, Amber has established itself as a leading player globally in the student accommodation sector across seven countries: UK, US, Australia, Ireland, Canada, Germany, and Spain. The company’s commitment to simplify the housing process for students globally by providing verified listings, seamless and integrated booking experience with virtual property tours and expert assistance has led to its rapid and profitable growth. Saurabh Goel, CEO of Amber says, "At Amber, we have been deeply obsessed with solving the house-hunting process, starting with students. Having faced this first-hand back in the day, we noticed a significant gap in the customer experience for a need as fundamentals housing. In other sectors we have seen technology-led disruption, but surprisingly house-hunting still remains archaic. Last few years we have heads-down executed, scaling well beyond PMF, and that too profitably. This round further strengthens our mission to provide an even better experience, scale to newer geographies and unlock growth levers for the next 10x."
Amber is a leading accommodation platform that provides a marketplace for students to book long-term housing. The company is headquartered in Pune, India and has a presence in UK, US, Australia, Ireland, Germany, Canada, Spain and China.
About Gaja Capital
Gaja Capital is India’s leading growth stage, private equity firm. Gaja Capital invests in technology and technology enabled companies in high growth sectors such as Education, Software, Financial Services and Consumer. Its recent investments include Signzy, a leading digital banking infrastructure enabler, LeadSquared, India's leading high velocity sales execution software and Xpressbees, India's leading ecommerce fulfilment company. |
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