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amber raises USD 21 million funding led by Gaja Capital for Global Expansion

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Company to utilise funds for continuation of global expansion

LONDON, Feb. 15, 2024 /PRNewswire/ — Leading student accommodation platform amber announced that it has raised USD 21 Mn led by Gaja Capital in its latest funding round. The global accommodation player added that it would use the fresh capital to continue their global expansion and to enhance its offerings for property managers and students.

amber was founded in 2017 by Saurabh Goel and Madhur Gujar. With over 1M+ beds listed on its platform, amber has established itself as a leading player globally in the student accommodation sector across seven countries: UK, US, Australia, Ireland, Canada, Germany, and Spain. The company is committed to simplify the housing process for students globally by providing verified listings, seamless and integrated booking experience and expert assistance. This has led to its rapid and profitable growth.

Saurabh Goel, CEO of amber says, “At amber, we have been deeply obsessed with solving the house-hunting process, starting with students. Having experienced this first-hand, we noticed a significant gap in the customer experience for a need as “fundamental” as housing. In other sectors we have seen technology-led disruption, but surprisingly the house-hunting process remains archaic. In the last few years, our team has leveraged technology and effective execution to scale well beyond PMF, and that too profitably. This round further strengthens our mission to provide an even better experience, expand to newer geographies and unlock growth levers for the next 10x”. 

amber is a global student housing solutions company that provides long-term accommodation for students from more than 160 countries with a seamless booking experience in more than 300 cities around the world. amber has become the partner of choice for students, higher education institutions and property managers alike in its markets. More than 1 million students visit amber’s platform monthly on its website and mobile apps. In addition to its student-centric offerings, the company has developed an AI-based dynamic pricing engine and dashboard tools to help property managers streamline operations and maximise revenue.

Gopal Jain, Managing Partner, Gaja Capital says, “amber exemplifies a unique combination of tech-driven scale, high growth, profitability, and capital efficiency that is exceedingly rare in today’s market. Global increase in student enrolments underpinned by a long-term study abroad trend is fuelling the organized student housing market. We are deeply impressed by amber team’s ability to solve a critical pain point for both students and property managers. Saurabh and Madhur have built a truly global business out of India, and we are glad to partner with them as they work towards expansion into newer markets and deepening their offerings for students and property managers.”

Millions of students go for higher education every year across the developed world and spend around half of their non-tuition student expenses on housing. amber’s mission statement is to simplify housing for students by eliminating broker negotiations and streamlining tedious paperwork and payment processes. The company provides an integrated and seamless ‘discovery to transaction journey’ for students with user ratings, reviews, price transparency, virtual property tours and guided end-to-end booking journey through an integrated platform. Additionally, its “amber+” offering streamlines the pre and post-move-in journey, helping students with loans, discounts on flight bookings and guarantor services.

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Lighthouse Canton and Stride also participated in the funding. The Rainmaker Group acted as the exclusive financial advisor on this transaction.

About amber

amber is a leading global student housing solutions company and accommodation platform that provides a marketplace for students to book long-term housing. The company is headquartered in Pune, India and has a presence in UK, US, Australia, Ireland, Germany, Canada, Spain and China.

For more information, please visit  https://amberstudent.com/

About Gaja Capital

Gaja Capital is India’s leading growth-stage, private equity firm. Gaja Capital invests in technology and technology-enabled companies in high growth sectors such as Education, Software, Financial Services and Consumer. Its recent investments include Signzy, a leading digital banking infrastructure enabler, LeadSquared, India’s leading high velocity sales execution software and Xpressbees, India’s leading e-commerce fulfilment company.

To know more, please visit: https://www.gajacapital.com/

Photo: https://mma.prnewswire.com/media/2341119/amber.jpg

 

 

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Nakheel partners with six renowned architecture firms to design 10 bespoke Beach Collection villas on Palm Jebel Ali

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DUBAI, UAE, Jan. 15, 2025 /PRNewswire/ — Nakheel, a member of Dubai Holding Real Estate, has announced its collaboration with six locally and globally acclaimed architecture firms – WATG, SAOTA, Whitespace Architects, NAGA Architects, LOCI, and LW Design Group – to deliver a stunning 10 distinct architectural styles for the bespoke villas planned for the Beach Collection at Palm Jebel Ali.

Inspired by the island’s unique blend of oceanfront serenity, vibrant cityscape, and the colours and forms defining its landscape, the architects have crafted an exclusive collection of 10 homes that celebrates the iconic destination’s natural beauty and urban dynamism, delivering a collection of residences that seamlessly integrate indoor-outdoor living and infuse luxury into everyday living. From minimalist elegance to bold contemporary statements, the emphasis is on creating spaces that embrace natural light and take advantage of the scenic vistas to offer residents a sanctuary of tranquillity and exclusivity, aligned with Nakheel’s vision for Palm Jebel Ali.

Situated on prime beachfront locations, the five- and six-bedroom villas from the Beach Collection range from 7,300 sq ft to 8,500 sq ft, offering unparalleled privacy and exclusivity. Each villa boasts a unique and contemporary façade, meticulously designed to complement the coastal setting. Grand entryways with double-height volumes lead to expansive living spaces, where floor-to-ceiling windows showcase captivating views of the Arabian Gulf.

Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: “With its breathtaking oceanfront views and ambitious vision, Palm Jebel Ali has inspired some of the world’s leading architectural minds to design bespoke masterpieces for The Beach Collection. These unique villas embody luxury, sophisticated design and a seamless connection with nature, a testament to the success of our collaboration, showcasing the individual brilliance of each architect while capturing the essence of this extraordinary destination. This collaboration brings to life our vision for exceptional homes that cater to inspired tastes and lifestyles.”

Palm Jebel Ali’s seven islands span 13.4 kilometres, feature 16 fronds and over 90 kilometres of beachfront, and it marks the beginning of a new growth corridor in the Jebel Ali area, underlining the expansion of the emirate, in line with the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33.

Nakheel’s projects form an iconic portfolio that are pivotal to realising Dubai’s vision.

Photo – https://mma.prnewswire.com/media/2598730/Nakheel_1.jpg
Photo – https://mma.prnewswire.com/media/2598731/Nakheel_2.jpg
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Palm Jebel Ali villas 2

 

Palm Jebel Ali frond

 

 

 

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AUS announces President’s Scholarship for international students

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SHARJAH, UAE, Jan. 15, 2025 /PRNewswire/ — American University of Sharjah (AUS), invites outstanding international students to apply for the President’s Scholarship for Fall 2025. Open to applicants who have completed their secondary education outside the UAE, this scholarship provides talented students with the opportunity to join a dynamic academic community that fosters innovation, collaboration and leadership.

 

 

AUS is ranked among the top five universities in the UAE for its number of international students according to QS World University Rankings 2025 and third for its international student ratio in the Arab region according to QS Arab Region University Rankings 2024. With a campus that represents approximately 90 nationalities, AUS offers an inclusive and vibrant environment where diverse perspectives enrich academic and personal growth.

The scholarship covers full tuition and lab fees, on-campus housing, student medical insurance and a monthly stipend to support living expenses. Recipients also benefit from three annual round-trip tickets during their studies.

Dr. Tod Laursen, Chancellor of AUS, underscored the significance of the scholarship, stating: “The President’s Scholarship reflects our steadfast commitment to providing talented students from around the globe with access to an education that is both transformative and empowering.”

Students at AUS benefit from remarkable opportunities to engage in innovative research studies, thanks to the establishment of six cutting-edge research centers. These include the Artificial Intelligence, Smart Infrastructure and Robotics Research Center; the Materials Research Center; the Center for Entrepreneurship, Innovation and Sustainable Development; the Energy, Water and Sustainable Environment Research Center; the Center for Arab Studies and Islamic Civilizations; and the Advanced Biosciences and Bioengineering Research Center.

Located in Sharjah, the cultural capital of the UAE, AUS combines tradition with modernity on a campus that inspires exploration and discovery. AUS students are immersed in a thriving ecosystem of cultural heritage, entrepreneurship and technological advancement. The vibrant campus life offers opportunities for personal development and engagement through over 120 student-led organizations, including cultural clubs that celebrate global traditions, academic associations that drive professional excellence and interest-based clubs that cater to diverse passions and talents.

The President’s Scholarship is open for applications until Thursday, April 17, 2025, and renewable for students who continue to meet the scholarship’s requirements. Prospective applicants can visit apply.aus.edu to learn more about the eligibility criteria and submit their applications. To know more about the scholarships and grants offered by AUS, visit www.aus.edu/scholarship.

Photo: https://mma.prnewswire.com/media/2598699/American_University_Sharjah.jpg

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elevendigits Ltd Launches Three Different Business Loan Comparison Websites

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LONDON, Jan. 15, 2025 /PRNewswire/ — elevendigits Ltd, a company at the forefront of financial technology and business funding solutions is thrilled to announce the launch of three business loan comparison websites tailored to the needs of entrepreneurs in the United Kingdom, the United States, and New Zealand: business-loan.uk, business-loans.com, and businessloan.nz. 

This strategic expansion effort reflects elevendigits’ commitment to simplifying the financial decision-making process for businesses across many different markets. By offering user-friendly platforms designed to make life easier, these websites provide transparent, accessible and efficient loan comparisons for companies of all sizes. 

Meeting the Needs of Global Entrepreneurs

These 3 new websites are tailored not only to the unique issues and regulations, but also to the opportunities within their respective markets: 

  • business-loan.uk: Designed specifically for the UK business landscape, it addresses the growing demand for tailored funding options, helping startups and SMEs navigate a competitive market. 
  • business-loans.com: Caters to the vast US business ecosystem. This platform matches entrepreneurs with a wide array of financing opportunities. This ensures they find the best fit for their growth ambitions. 
  • businessloan.nz: Focused on New Zealand’s entrepreneurial community. It seeks to simplify the access to funding solutions for businesses that prioritize agility and innovation. 

Streamlined Access to Business Financing

The platforms provide comprehensive loan comparison tools that let business owners evaluate multiple funding options based on several categories such as interest rates, repayment terms, eligibility requirements and lender reputation. Each site features: 

  • Personalized Recommendations: Tailored loan matches which are based on your business profile and funding needs. 
  • Educational Resources: Guides, articles and tools to help business owners make informed decisions. 
  • Secure and Efficient Application Processes: A streamlined experience that lets you save time and reduces the complexity of securing funding. 

A Vision for Empowered Business Growth

“Access to the right financial tools can be transformative for businesses,” said the CEO of Elevendigits Ltd. “By launching these platforms, we’re ensuring that entrepreneurs in the UK, USA and New Zealand can confidently navigate their financing options and grow their businesses.” 

About Elevendigits Ltd

Elevendigits Ltd is a global leader in financial technology, dedicated to creating solutions that can form a connection between businesses and the financial institutions capable of funding them. With a strong eye for transparency and accessibility, Elevendigits continues to simplify the life of entrepreneurs worldwide. 

 

View original content:https://www.prnewswire.co.uk/news-releases/elevendigits-ltd-launches-three-different-business-loan-comparison-websites-302351681.html

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