Singapore student housing startup nabs $8m from Times Internet, 500 Startups, others

Singapore-headquartered technology-enabled student housing startup Oxfordcaps today announced that it has raised over US$8 million (S$11 milliom) in series A funding. The round was led by India-based Times Internet with participation from returning investors Kalaari Capital and 500 Startups.

Photo credit: Elnur Amikishiyev

Oxfordcaps works with landlords to redesign properties, turning them into standardized accommodation for students to rent. Its properties are fully-fitted, which means they offer wifi, laundry, housekeeping, and meals. The startup has three sub-brands that target students in different price segments: Oxfordcaps Premium Residences, Oxfordcaps Student Residences, and Oxfordcaps Dorms.

Founded in 2017, Oxfordcaps will use the new injection to fuel its growth in over 10 cities in India. It’s also investing heavily in technology, focusing on IoT and deep learning to enhance the living experience it offers students.

The company has expanded from 200 beds to more than 6,000 beds. It’s currently working with universities and colleges to build tailored experiences for students. Oxfordcaps’ last raise was a seed round in 2017, led by 500 Startups.

Currency converted from Singapore dollar. Rate: US$1 = S$1.35.