New Delhi, March 24 (Bureau) University Living, a software-retrieval global Student housing marketplace, has clocked in over $300 million in gross bookings, a statement from the company said on Thursday. Incepted in 2015 and launched in 2016, University Living has seen tremendous growth in these past 6 years. By expanding their reach and catering to 265+ popular global study-abroad destinations across the UK, Ireland, USA, Australia, Canada and Europe, they have managed to double their revenue year-on-year since inception, with a whopping 3.5x growth during the pandemic year in 2021. Saurabh Arora, Founder and CEO at University Living, said since its launch back in 2016, University Living has booked over 7 million nights, interacted with over 6 million students and even managed to stay profitable since day one.
“In just a matter of 6 years we have come a long way and what an incredible journey it has been! However, we have miles to go before we sleep. We’ve only just scratched the surface; exciting times lie ahead. We plan on creating enhanced and seamless experiences in the student accommodation arena, pursue exciting global opportunities and rapidly advance our core product & service offering,” he said. “As more students venture out to study abroad, the student accommodation sector continues to expand rapidly with their being a dearth towards the fag end of the booking season. We plan on addressing all of those concern areas and more to give a student a holistic experience in their home away from home. We are working closely with our partners to bring safe, thought-through accommodation spaces that make their stay seamless and their lives simpler,” he added.