Zolostays hits Rs 200 Cr revenue in FY24, trims losses

Zolostays, a leading co-living startup in India, has reported a revenue of Rs 200 crore in FY24 and has managed to reduce its losses. The company, which offers fully furnished living spaces for working professionals and students, continues to expand its footprint across major cities in India. With its revenue growth, Zolostays is showing positive momentum and is optimistic about further improvements in profitability. The company’s efforts in optimizing operations and improving its cost management strategies have contributed to its success in trimming losses. Zolostays’ growth comes at a time when the demand for co-living spaces is rising, driven by the increasing number of young professionals and students in urban areas.