The co-living market in India is set to exceed $1bn by 2025, driven by a growing millennial population, according to Makreo Research. Housr is among the startups benefitting from the trend and has ambitious plans to expand, bolstered by several investors including Adar Poonawalla, CEO of Serum Institute of India. The firm operates on an asset-light model, leasing properties on a long-term basis in multiple cities, where it offers a range of services, such as laundry and housekeeping, for renters. Housr's margins are around 20-22%.
