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Co-working and co-living solution provider “Co.Life” has raised $1M from undisclosed investor

Co-working and co-living solution provider “Co.Life” has raised $1M from undisclosed investor

Co.Life is a company that provides co-working and co-living solutions via cowork247.com and colive247.com  platforms

Bangalore – Sept 21, 2016. RedNewswire/-

Co.Life has raised $1M funding in Angel funding round from a group of undisclosed angel investors. The startup will use the funds to support its growth plans in the coming months.

CoLife is targetting 10,000 keys within the next couple of years. It also Plans to utilise this funding to expand to Hyderabad, Pune and Gurgaon.

The company was founded in 2015 by Suresh Rangarajanfounder and Director at CoLife. Colife operates via two platforms – CoLive247.com and CoWork247.com.

CoLive247.com is a network of shared living spaces across the city. It operates by leasing building on a long term basis.

CoWork247.com  is an office rental company that rents trendy spaces to the Small & Medium Enterprises (SME) segment that includes professional firms, technology companies & new-age startups looking for offices & flexible co-working spaces.

Also provides facilities such as conference rooms, Internet, electricity, and accounting and cash management services.

“The satisfaction of staying in a community full of like-minded youngsters with fully furnished spaces is a dream come true for this segment. Add to this the convenience of a single and affordable payment to take care of rent, maintenance, utilities, and other services are some of the key reasons driving our frenzied customer acquisition and enrollment,” said Suresh Rangarajanfounder and Director at CoLife.

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