RoomSoom, a co-living and student housing company has raised funding from Mumbai Angels Network. RoomSoom was founded in 2016, headquartered in Noida by Nitin Agrawal and Garima Agrawal.
RoomSoom believes that it’s not into the business of providing houses to those who need it, but into providing living experiences to those who will be delighted by it. Its dynamic growth lies in its ability to quickly identify the needs of a young and demanding population and provide quick solutions that they never thought existed.
Nitin Agrawal, Co-Founder of RoomSoom, said
MA not only helped us raise funds seamlessly but also connected us to its vast network of Investors across cities in India. With these funds, we plan to tap every market, reach every individual, and identify every need. So that we can provide them with a solution they will not find anywhere else.
Anshuman Ranjan, MA Investor shares his thoughts on RoomSoom
From an investor’s perspective RoomSoom had the right ingredients; a scalable and profitable business model, experienced and innovative management, and a resilient business that can recover quickly from the pandemic impact.
About Mumbai Angels Network
Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters [Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai]. It has a 135+ strong portfolio with 30+ exits and has invested 150+ crores.