Times Internet leads Series A round in student housing startup OxfordCaps
Summary
Student accommodation startup OxfordCaps has raised $8 million (Rs 56 crore as per current exchange rates) in a Series A funding round led by Times Internet, a subsidiary of media house Bennett Coleman and Co. Ltd., a company statement said. Through the startups online platform, students can search and book accommodation units by signing agreements, connecting with their potential homeowners, making payments and placing service requests. Besides accommodation, OxfordCaps also runs a student community and offers various engagement opportunities such as career events, entertainment, food trails and travel deals, its website states. Last year in September, Delhi-based student accommodation platform Stanza Living raised Rs 73 crore ($10 million) in a fresh round led by global venture capital firm Sequoia India. In August 2018, Delhi-based University Living, an online global student housing marketplace, raised an undisclosed sum in a pre-Series A round led by Indian Angel Network (IAN) and LetsVenture.