Bangalore: Colive is a market leader in the Co-living and rental spaces, and has established itself as a leading PropTech company in the country. The company operates two broad lines of business – a unique online marketplace platform enabling owners and tenants to discover, connect and transact digitally, and a tech-enabled full-stack model.
To commemorate International Women’s Day 2022, Colive has pledged a stay scholarship of fully furnished and managed stays, amounting to Rs 25 Lakhs for deserving female students and entrepreneurs.
This unique scholarship programme is the brainchild of Suresh Rangarajan, an agent of change who has been instrumental in creating fair stay opportunities within the millennial space through affordable rental housing initiatives for students and gig workers during the global health crisis of 2020-21. Previously, the organisation had spearheaded a joint effort with eCommerce and home delivery startups to provide free meals to all delivery personnel while a citywide lockdown was in effect.
“Indian women have stepped up the game in terms of their career choices, and International Women’s Day is the perfect occasion for us to celebrate and honour these innovations with Colive Venus, which aims to reduce the burden of rentals on such women, leaving them free to pursue a career, course or innovation of their choice,” said Mr Rangarajan.
The success of women-led consumer and business-facing startups such as Nykaa (Falguni Nayyar), OfBusiness (Ruchi Kalra), Multiples (Renuka Ramnath), Kalaari Capital (Vani Kola) and YourStory (Shraddha Sharma) are excellent use cases that highlight the true potential of a woman who decides to lead.
It is interesting to note that the sentiment is reflected in a recent study by Forbes magazine, which presents a series of logical arguments that prove women to be better risk assessors, investors and analysts than their male counterparts.
Under the Colive Venus2022 initiative, the firm is inviting applications from Indian women who are either pursuing a vocational course/degree or have recently embarked on an entrepreneurial journey. Interested women need to visit www.colive.com/venus2022 or download the Colive app on the Google Playstore/iOS App Store, to apply to the cohort.
Students are required to declare their grade point average (GPA), while women entrepreneurs are prompted to share their success story in terms of their startup’s annual turnover.
A panel of women leaders at Colive, helmed by Sundari Rangarajan, Director – People and Management Assurance will review each application and select the deserving winners.
A total of 50 scholarships worth Rs 48,000 each have been planned – these will be awarded to 30 students and 20 women entrepreneurs. Additionally, one winner will be selected as Ms Colive Venus2022 – Based on merit, this woman will receive a year’s worth of free stay at any Colive property, which is valued at Rs 1 Lakh.