OYO's co-living arm to double its offered beds in the next two months

OYO's coliving arm looks to expand its offerings with new fundraiser.

OYO Life has set ambitious target of adding more than twice its beds by the end of the year. It means the co-living venture of OYO will expand from its current 40,000 beds to 100,000.

“We expect the co-living market to continue to grow further and we are geared to provide over 100,000 beds by 2019-end.” 

— Rohit Kapoor, CEO of new real estate businesses at OYO

OYO now claims to be the largest ‘long-term’ coliving space. It currently has an occupancy of 85-90%.

 “Originally targeted at young professionals and first jobbers, we have been seeing interesting case studies of customers across various stages of life ranging from students, couples, right up to families and senior citizens across diverse income groups, choosing OYO LIFE as their preferred option."

— Rohit Kapoor, CEO of new real estate businesses at OYO

In September, it also partnered with IIT Delhi and Plaksha University to manage over 500 beds. Oyo claims to provide students with amenities such as surveillance and security, Wi-Fi and food. 

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