Student housing startup Your-Space has raised Rs 70 crore (approximately $8.2 million) in a debt round led by existing investor Shantanu Rastogi, Managing Director of General Atlantic. The funding round also saw participation from other key investors, including Castle Investments and Ajax Capital.
According to regulatory filings accessed from the Registrar of Companies (RoC), the board of Your-Space approved a special resolution to issue 10,14,493 compulsory convertible debentures (CCDs) at an issue price of Rs 690 each, raising a total of Rs 70 crore.
Shantanu Rastogi contributed Rs 25 crore to lead the round, followed by new investor Ashish Kacholia, who invested Rs 10 crore. Other notable contributions include Rs 7.5 crore each from Satyadharma Investments and Castle Investments, while Ajay Gupta’s family office, Ajax Capital, and Holy Basil Consultancy invested Rs 5 crore each.
The company has already received Rs 51 crore out of the total Rs 70 crore, with the remaining funds expected to be disbursed shortly. The fresh capital will be allocated toward working capital requirements, creditor payments, and general business operations, as stated in the filings.
Additionally, the conversion of these debentures into equity shares will be executed at a valuation of Rs 185 crore at a later date, according to the filings.
Your-Space specializes in providing student housing solutions, offering affordable PGs, hostels, and co-living spaces for both girls and boys. With over 60 smart spaces across various locations, the company integrates technology-driven safety features, including facial recognition, biometric access, and digital locks, to ensure secure and comfortable living environments for students.
