Oxfordcaps, according to 500 Startups, aims to solve the problem of lack of dedicated student-engagement online community in Asia.
Founded in 2017, Oxfordcaps enables students to search for and book student-friendly accommodation based on their specific needs and also find house mates with similar interests.
Additionally students can also opt for other services such as housekeeping, meals and laundry and the entire payment process is simple, secure and streamlined.
Founders INSEAD alumni Annu Talreja, and Indian Institute of Management graduate Priyanka Gera, plan to invest the fresh capital for deeper penetration in Asian markets and for ramping up their operations in the region.
Talreja and Gera have more than 20 years of experience in real estate development, architecture and business across multiple markets in the APAC region.
500 Startups partner, heading investments in Southeast Asia, Vishal Harnal, said, Oxforcaps offers a solution to expensive and limited housing supply in cities where most Asian universities are located, unlike the university towns in the western world, resulting in sub-optimal options for students.
Every year, more than 100 million students relocate from one city to another for higher education in the Southeast Asian region and on-campus student housing caters to a meager 20 per cent of the demand.
“The Oxfordcaps team brings the perfect blend of expertise in real estate and hospitality across Asia to build a custom-built, technology enabled solution for the Asian markets,” Harnal said.