Helloworld Technologies India

About Helloworld Technologies India

Helloworld Technologies India operates as a co-living platform targeting students and young working professionals across India. It was established as an independent subsidiary of the home rental startup NestAway in April 2019 by Jitendra Jagadev, a co-founder of NestAway. The venture was initiated to address the demand for managed and community-based living spaces, a segment distinct from NestAway's marketplace model. All properties under the Helloworld banner are leased and managed directly by the company.

The company's business model focuses on architecturally transforming large residential units into budget-friendly, shared accommodations. This strategy eliminates brokerage fees for tenants, providing access to quality, fully-managed living spaces at affordable rates. The service portfolio includes cleaning, maintenance, and support, with residents gaining access to shared common areas and community events. Revenue is generated from rental income, with a base rent of INR 10,000 per bed, which can include food costs. In some locations, the company has also offered co-working spaces accessible to both residents and non-residents for a monthly fee.

In September 2019, Helloworld secured a significant investment of $10 million from its parent company, NestAway, to fuel its expansion. This funding supported rapid growth, and by June 2020, the company had acquired co-living provider StayAbode to strengthen its market presence. The company's growth trajectory continued, and in April 2022, Helloworld Technologies was acquired by Aurum PropTech, a publicly listed firm, for approximately INR 38 crore ($5.51M). This acquisition integrated Helloworld into a broader PropTech ecosystem aimed at enhancing the real estate value chain through technology.