Hyphen, India’s leading experiential living community, today announced that it is expanding into the student housing sector. After over a year of operating multiple clubs across Bangalore, with a 100% occupancy, Hyphen is bringing its concept of experience-focused living to Delhi-NCR.
A 2019 CBRE report indicated that there was only 1 hostel bed available for every 6 students, which has led to a massive demand in student housing. To cater to this growing demand, Hyphen’s student housing clubs will be operational in the heart of Delhi University’s North Campus. This expansion also brings in the integration of an exclusive student housing app, akin to a social networking platform.
In the next 15 months, Hyphen plans to grow 3.5x and operate 7,000 beds across major cities in India. The company recently raised $1 million in a pre-seed round and partnered with Scaler to launch Scalerverse – a first of its kind learning and living community.
Speaking on the occasion, Samarth Gowda, Co-Founder and COO of Hyphen, said, “With students returning to college campuses and a heavily skewed student to bed ratio, the demand for student housing has become more prominent. We believe this is a great market to tap into and aim to give students across the country a more holistic living experience. To do so, we are integrating an app exclusive to Hyphen members, which will include cool features that empower students to socialize and network with each other, while also encouraging sustainable consumption of resources."
Chirag Doshi, Group Chief Investment Officer at Qatar Insurance Company and early investor in Hyphen said, “The Hyphen team’s laser-sharp focus on product, people and unit level profitability is reflected in their rapid expansion and unprecedented demand as they triple capacity over the next few quarters. Hyphen’s model has proven successful, with waitlists to join the community and record-breaking renewal rates. It only validates their thesis that people are looking for experiential living – not just in Bangalore, but across India.”