Oxfordcaps, a student housing start-up, which entered into India few months back, is all set to introduce a new vertical Oxfordcaps Dorms in May 2019, which is the starting of the next academic year.
“The reason for coming up with dormitories is because there is a big section of market which falls in the bracket of ₹8,000 to ₹10, 000 per month and going by the opportunity we want to cater to this market,” said Anu Talreja, one of the founders of Oxfordcaps. Talreja, an INSEAD graduate, said that the objective is to create a product which is more space-efficient and allows the start-up to offer it a lower price.
This Singapore-headquartered startp-up is currently in India at three locations — Delhi-NCR, Pune and Dehradun. It offers room on twin and triple sharing basis ranging between ₹12,500 and ₹19,000 per month.
It is the brainchild of Talreja and IIM - Calcutta alumni Priyanka Gera who came together to form OxfordCaps in 2017.
“We are on an acquisition spree and our plan is to come up with 10,000 beds by 2019. Currently, around 3,500 beds are operational and we are in the advance stage of talks for additional 2,000 beds which will be signed by January 2019. With remaining 4,500 beds to be offered between February and April,” said Gera.
The start-up will soon be expanding into other cities which include Chandigarh, Chennai and Jaipur to name a few.