Dubai-based private investment company Eagle Investments has invested $10 million in Hyderabad-based co-living and food court startup Isthara. After the latest fund raise the startup claimed to have raised $21 million so far.
“With its unique business model, tech-focused solutions, and strong scalability potential, Isthara is poised to disrupt the co-living and retail food court segment, and we are excited to support the company’s next growth phase as it continues to make new strides in the livtech segment,” said Elias Kawar, Managing Director of Eagle Investments.
The fresh funds will be used to extend the company’s presence in the co-living sector and to enter the business-to-consumer retail food court space.
“The funding that we have raised will enable us to build on our B2C portfolio, aggressively scale our operations across the retail food court market, and be a market leader in the segment. We will also look to strategically expand our co-living presence across the country, and continue to disrupt the space by enhancing our tech-enabled co-living solutions. We believe that the food court segment, and the co-living sector, will undergo a massive digital transformation in the coming years, and we aim to be the pioneers of a tech-enabled livtech segment that solves the most basic issues of urban millennials,” said Gilbert James, Co-founder of the startup.