New Delhi: Housr, India’s leading growing co-living brand, today announced that it has appointed Parag Gupta as its Chief Financial Officer (CFO). Prior to this stint, Parag has led the finance and associated functions of AT&T India, PAYPAL India, Nimbuzz, and Shyam Spectra as a CFO and a strategic finance leader. With over 18 years of progressive achievements, he comes with extensive experience of setting up and scaling businesses with an eye on profitability and value creation for all stakeholders.
“We are extremely delighted to have Parag in the Housr team. His deep experience in the finance function and his background in many large global corporations will be a strong addition to our leadership team. I am certain that Parag will make a significant contribution to the continued success of the company as we execute our strategic growth agenda and take Housr to the next level,” said Deepak Anand, Co-Founder, and CEO, Housr.
Speaking of his new appointment, Parag commented, “Seeing the rise in demand for co-living among working professionals, I realized the enormous potential and plans that Housr has in store across the country and I am truly excited to take on this new challenge as part of my career trajectory.”
Housr has seen tremendous growth in the past year by taking the tech-driven platform they have built around coliving, and applying it to all segments of the residential industry including different dwell unit types, target renters, and locations. It has been able to create economies of scale via this model and has emerged as the only profitable homegrown co-living brand in the country. Designed and managed by millennials for millennials and the millennial-minded, Housr combines creative living spaces with curated social programmes to create a lifestyle environment that supports work, stay and play.
At present, Housr has 20+ properties across NCR, Pune & Hyderabad and is aiming to aggressively launch more cities and properties in the next 6-9 months. Housr aims to be India’s largest and fastest-growing co-living brand with 10,000+ locked-in beds PAN India by 2022.