Business & Investment

Ezstays Raises $ 400,000 from Richard Rekhy

Student dormitory Startup Ezstays has completed a funding seed round to raise $ 400,000 from former CEO Richard Rekhy. KPMG India Among other individual investors.

According to a statement from a company, Ezstays will allocate funds to further refine the customer experience, with premium amenities at its core.

Ezstays offers accommodation services and operates more than 1,200 beds in educational centers such as Greater Noida, Ghaziabad, New Delhi and Bhopal.

The company expects to reach 5,000 beds by the start of the academic session from 2021 to 2022.

“Ezstays aims to reduce all sorts of ambiguities faced by students and their parents when it comes to reassignment in Tier 1 or Tier 2 cities. Ezstays aims to meet the different requirements of students. We are working to make our students feel at home. “

Vaibhav Khaanna, founder of Ezstays, said: “this Student housing company It is strictly managed and operationally sound. We thank Richard for trusting us and we are confident that we will be able to increase investor confidence, reach new heights and achieve greater success. “

Richard Leky points out that dormitories are a “good business” around the world, especially in the UK and European countries, and India also has the mobility of students moving across states to big cities for higher education. He said it is on the rise and there is quality demand. Safe dormitories are growing rapidly.

Source: IANS

(((The story is published from the wire feed without changing the text. Only the heading has changed)

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Ezstays Raises $ 400,000 from Richard Rekhy Ezstays Raises $ 400,000 from Richard Rekhy

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