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Funding · Professional & Local Services

Nia.one raises $2.5M seed from Elevar Equity

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Date
Company
Nia.one
What it does
Housing and meals for migrant workers
Kind
Funding
Amount
$2.5M
Stage
seed
Sector
Professional & Local Services

What they do

Nia.one provides accommodation, meals, and upskilling for blue-collar workers in Indian cities

What happened

The company raised $2.5 million in seed funding from Elevar Equity last year

Why it matters

It plans a Series A round later this year to expand its studio network

The details

  • Nia.one raised $2.5M in seed funding from Elevar Equity last year.
  • The startup is planning a Series A round later in 2026.
  • Founders Sachin Chhabra and Lt Col Pushkar Raj built the business model.
  • Chhabra previously founded Peel-Works, which exited in March 2020.
  • Raj brings nearly 20 years of military service experience to the venture.
  • The company operates profit-focused studios rather than charitable shelters.
  • Staff includes a significant portion of army veterans for operations.
  • The market context highlights a $455Bn gig economy expanding at 17% annually.

The bigger picture

  • India has a 450M blue-collar workforce currently at home.
  • The startup targets a massive underserved segment with structured accommodation.
  • Military background helps manage large-scale worker logistics effectively.
  • Profit focus ensures sustainability beyond donor-dependent models.

About the business

  • Nia.one runs 'studios' with 4-6 occupancy rooms across major cities.
  • Facilities include bunks, RO water, laundry, and dining areas.
  • Pricing requires only one month advance rent with no deposits.
  • Workers earn around ₹15,000 and spend roughly ₹5,000 on essentials.
  • The goal is ensuring workers send at least ₹8,000 home monthly.
  • Meals cost ₹49 via cloud kitchens with lower grocery markups.
  • Revenue comes from margins on rent, food, and staffing commissions.
  • Female studios have ~500 locations with mandatory wardens and CCTVs.
  • Onboarding mandates KYC (Aadhaar) and employment confirmation.

What happens next

  • Execute a Series A fundraising round later in 2026.
  • Expand studio infrastructure across key industrial hubs.

The deal

Type
Seed Funding

Investors

Founders

  • Sachin Chhabra, Co-founder
  • Lt Col Pushkar Raj, Co-founder

About Nia.one

Customers
Enterprises and teams needing workplace collaboration tools
How it makes money
SaaS subscription fees

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