Bain Capital and Sattva Group have teamed up with Bengaluru-based Colive to launch a $100 million pan-India co-living platform, marking one of the largest institutional bets on India’s rental housing segment. Alongside the platform, Colive has also secured $20 million in fresh funding led by Bain Capital with support from long-term partner Sattva, a move set to accelerate its tech-driven expansion across major urban centers.

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

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 Mn sq ft of Co-living 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, professionally managed residences strategically positioned near major employment hubs and educational centers, addressing the evolving lifestyle demands of Gen Z and millennial residents while providing seamless transitions for India’s urban migrants.

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

“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, which reflects our conviction that this sector holds immense potential. While demand from young professionals migrating to cities is robust, the real challenge lies in creating 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,” emphasized Bijay Agarwal, Managing Director, Sattva Group.

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-centered 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, organized community programming, and an integrated digital platform that cultivates authentic connections and exceptional convenience.

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