Bain Capital, Sattva Group Launch $100M Pan-India Co-Living Platform

New Delhi, September 4, 2025: Colive, India’s leading and Bangalore’s largest co-living platform, announced a strategic partnership with Bain Capital and Sattva Group on Thursday to establish a pan-India co-living real estate platform with an initial commitment of at least $100 million.

The platform will be dedicated to acquiring land, developing flagship communities and delivering purpose-built rental housing across India’s largest urban centres, meeting the growing demand from young professionals and students for high-quality, community-driven living spaces.

As part of the partnership, Colive also raised $20 million in strategic funding, spearheaded by Bain Capital, with strong backing from long-term partner Sattva Group. The $20 million operational investment will power Colive’s accelerated growth trajectory through enhanced technology infrastructure, expanded market presence and reinforced market leadership in tech-enabled rental housing solutions across India.

This exclusive real estate platform, managed by Colive, has completed initial land acquisitions in Pune and Bengaluru with nearly 0.5 million 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. While the platform is being launched with an initial commitment of $100 million, the partners view the opportunity as scalable over time and open to considering additional investments as attractive opportunities emerge.

The platform will deliver intelligent, fully furnished and professionally managed residences strategically positioned near major employment hubs and educational centres, addressing the evolving lifestyle demands of Gen Z and millennial residents while providing seamless transitions for India’s urban migrants.

Strategic Vision and Market Leadership

“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,” said Sarit Chopra, Partner, Bain Capital. “Our investment commitment demonstrates our unwavering confidence in this market category and Colive’s established leadership position.”

Bijay Agarwal, MD, 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, reflecting our conviction that this sector holds immense potential.”

While demand from young professionals migrating to cities is robust, the real challenge lies in creating a 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.”

Technology-Driven Community Experience

Founded on the transformative mission of becoming “Your Family, Away from Family”, Colive is reshaping urban living through its distinctive 6 Star Living framework: Style, Safety, Smart, Service, Savings and Social. Colive’s proprietary technology ecosystem orchestrates the complete resident experience—from streamlined digital onboarding and automated payment systems to app-integrated safety protocols, maintenance coordination and concierge services—delivering a secure, interconnected and dynamic community-centred lifestyle that establishes new benchmarks in metropolitan living.

As India navigates unprecedented urban migration, demand for premium rental housing continues its upward trajectory. Colive addresses this market opportunity by developing environments that exceed basic accommodation, featuring thoughtfully curated common spaces, organised community programming and an integrated digital platform that cultivates authentic connections and exceptional convenience.

Future Growth and Market Impact

“This funding represents a pivotal moment in Colive’s journey to revolutionise 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-centred living environments that genuinely feel like home,” added Suresh Rangarajan, Founder and CEO, Colive.