India-based Amber secures $21m funding to help students with housing

(From left) Amber CEO and co-founder Saurabh Goel, and Madhur Gujar, its CFO and co-founder / Photo Credit: Amber

With rent prices surging globally, housing expenses remain a major problem for many students pursuing higher education.

However, there are some startups looking to help these students save a buck. They include Amber, a company that looks to remove broker fees and streamline the rental process.

Recently, the platform snagged US$21 million in a funding round led by Gaja Capital. This injection will power Amber’s global expansion, among other growth initiatives, it said.

Amber simplifies the housing hunt by providing verified listings, virtual tours, and expert guidance. Aiming to optimize operations, the firm also has an AI-powered dynamic pricing engine and a dashboard tool for property managers.

Established in 2017, the India-based startup has grown to have a footprint in Australia, Ireland, Canada, Germany, Spain, the UK, and the US. So far, Amber said it has attracted over 1 million monthly visitors to its website and mobile apps.

Lighthouse Canton and Stride Ventures also participated in the round, with The Rainmaker Group acting as the exclusive financial advisor.

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