Dwellingo - A Co-Living Startup With Luxury Accommodations Is Breaking The Pandemic Blues
Founded by three VIT alumni, Dwellingo startup offers luxury co-living accommodations across three centres in Bengaluru. It mainly focuses in providing holistic experiences.
In recent times, one of the most affected businesses during this pandemic has been the co-living accommodations. This business is widely effected as it was not only struggling with the tenants’ inability to pay rent but also has to also deal with the loss of payments.
However, for some of them, this was an opportunity to look at the needs of the recent times and start something new.
Dwellingo understood the need for good quality living in a safe and secure environment. It’s a purpose-built co-living accommodation for working professionals and startup companies.
It’s a trio who made this happen. It was founded in 2019 by Rishi Sreedharan, Grishma Reddy, and Anirudh Rao – who believe wanted to rule the market with their idea.
Rishi, a student of Business Management from The Fuqua School of Business, Duke University. He worked with multiple companies. He was also an IB analyst at Merrill Lynch. However, later he moved back home in 2017. At Dwellingo, he oversees the financial management as well as the overall day-to-day functioning of the firm–which has become even more crucial due to COVID-19. He is the co-founder.
Grishma has done her Master’s in Entrepreneurship and Innovation from NTU College, Singapore, and Stanford University, US. At Dwellingo she looks at the marketing, design, and customer-centricity.
Anirudh is an ISB Graduate with a Bachelor’s in Civil Engineering from VIT University, Vellore. At Dwellingo he is into fund raising and investor relations.
These three founders knew each other since childhood.
"The three of us realized that the paradigm of co-living operations across India is a pure brick-and-mortar service masquerading as a tech-play. We noticed a clear mismatch between what could be delivered and what was being offered by co-living players in India," says Rishi.
What does Dwellingo do:
It ensures quality living with safety. The occupants at Dwellingo also get enterprise-grade WiFi so occupants to work from home without interruption and also have a sense of community while maintaining social distancing.
Dwellingo also has access to an easy-to-use app that allows the occupants to pay their utility bills, raise a complaint related to their stay, reporting any issue regarding maintenance. Not only that the app will even help the occupants to find recommendations on nearby restaurants, café, night club, watering holes, and many more.
In simple words, it’s a tech house. All the branches of Dwellingo are equipped with energy monitoring systems that encourage minimal use of electricity, with real-time monitoring.
Dwellingo currently offers 300 beds and is building 350 more! It offers luxury rooms with five-star amenities, with an average cost of Rs 15,000-35,000 per month.
Anyone who wants to move into Dwellingo selects plans such as Zoomer (3-5 months), Boomer (6-8 months), Millenial (9-12 months), and a corresponding room-type The Soloist plan offers a single bedroom to yourself, the Soloist plus offers a large single studio bedroom.
The main mantra that worked for them is the hygiene and culture they provide. Most of the co-living spaces are often unhygienic, crowded, and provide almost no personal space with limited-to-no housekeeping or maintenance or be it laundry. Whereas, Dwellingo provides all of this.
The founders expect Dwellingo to be a $1 million business in 18 months and are now competing with YourOwnRoom, Oyo Life, Your Space, and Stanza Living.