Funding · Professional & Local Services
Nia.one raises $2.5M seed from Elevar Equity
By Startup Enthusiast ·
- Date
- Company
- Nia.one
- What it does
- Housing and meals for migrant workers
- Kind
- Funding
- Amount
- $2.5M
- Stage
- seed
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
- Elevar Equity (Lead) — Investment firm providing seed capital.
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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