Co-living space in India is a $12 bn opportunity. Start-ups better cash in!

The undersupply of student accommodation, coupled with the market size, are a huge draw for developers and start-ups to invest in the space

The co-living space in India is worth $12 billion, according to a RedSeer analysis based on the size of the population of millennials in the urban workforce. The report says the industry, which has an addressable market of 10 million customers, is not winner-takes-all and has plenty of room for many players to grow and reach a sizeable scale.

In India, the undersupply of student accommodation, coupled with the market size, are a huge draw for developers and start-ups. Institutional investors and venture capital firms have found their way to the country, with the likes of Goldman Sachs and Warburg