Sky7 Ventures Invests in AltUrban to Expand Technology-Led Urban Living in India
Sky7 Ventures has invested in AltUrban, a company working across co-living, corporate housing and property management in India.
AltUrban wants to bring these services under a single business model, with technology playing a role in how properties are selected, managed and operated. The fresh investment is expected to support the company's expansion plans.
Abhinav, the founder of AltUrban, is leading the business. Vineet Katial, Managing Partner at Sky7 Ventures, has expressed confidence in the company's leadership and its approach to the urban living segment.
A Different Approach to Property Management
Managing a property involves more than finding tenants and collecting rent. Occupancy, maintenance, pricing and regular payments also need attention. AltUrban plans to use technology and data analytics to handle these areas more effectively.
Its proposed fintech services will cover rental payments, collections and security deposits. The company is also looking at ways to use data when evaluating properties and tracking portfolio performance.
Co-living and Corporate Accommodation
Co-living remains one of AltUrban's key business areas. The company is also looking to serve the corporate housing market, particularly professionals who move for work and employees who need accommodation during project assignments.
Property owners and investors are another part of its target market. This includes Non-Resident Indians (NRIs) looking for professional assistance with managing their properties. AltUrban plans to offer property management services alongside data-based investment insights.
Sky7 Ventures will support the company in areas beyond funding. Its involvement is expected to include technology, financial planning, business strategy and operational guidance Access to international relationships and wider business networks is also part of the partnership.
AltUrban has also identified sustainability as an area of focus, particularly resource use, responsible property management and resident well-being.
The investment gives AltUrban additional backing as it works to develop its co-living, corporate accommodation and property management operations.
