India, Oct. 17 -- Shared-rental accommodation startup HooLiv has secured INR 24 Cr (about $2.7 Mn) in its Pre-Series A funding round led by Blue Tokai-backer Negen Capital, with participation from undisclosed institutional and angel investors.

The startup intends to utilise the fresh capital to expand its presence in non-metro cities through acquisitions, brand-building initiatives, and development of its proprietary property management platform.

"With Negen Capital's investment and expertise, HooLiv will continue to set new standards in purpose-built student accommodation, creating value for students, educational institutions, and investors alike," HooLiv cofounder and CEO Chinmoy Mishra said.

Founded in 2019 by Mishra, Abhishek Verma...