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Amber on track to drive $1 billion in gross booking value in 2023

Eyeing 100,000 bookings with a gross worth of $1 billion by 2023, the corporate is trying to solidify their presence within the world actual property market.

“Now we have seen unprecedented development in scholar calls for for lodging within the final couple of years, particularly in international locations just like the US, UK, Australia and Eire, as worldwide borders opened up after the Covid-19 pandemic,” stated Amber’s founder and CEO, Saurabh Goel.

Recording $13 million in gross reserving worth in 2019, Amber grew 27x in three years, owing to a complete product suite and a persistent staff pushed to fulfil Amber’s mission: serving to each scholar discover comfy housing wherever they go.

“The technique for this explosive development has been easy – constructing a staff with a imaginative and prescient for development and delivering relentlessly,” stated Madhur Gujar, co-founder and chief enterprise officer.

“On the onset, we have been simply 30 folks operating all of the operations for the enterprise. However through the years, we onboarded the neatest minds and at the moment are a rising household of 400.”

“On the onset, we have been simply 30 folks operating all of the operations for the enterprise”

Graduates from the Indian Institute of Expertise, former batchmates and now co-founders, Saurabh and Madhur launched Amber in 2016 to handle a rising want within the scholar rental market. Born out of Google varieties and Fb teams, Amber shortly grew as one of many world’s largest main scholar lodging platforms.

The corporate has witnessed vital development through the years, and have helped greater than 1 million college students discover comfy housing. “Within the final couple of years we’ve recognized key gaps in college students’ schooling journeys, and at the moment are increasing to cater to their each want,” added Madhur Gujar.

Amber anticipates a multi-dimensional development within the upcoming yr, increasing into new territories with an all-rounded product suite that encompasses each side of a scholar’s schooling journey.

Concerning the writer: It is a sponsored publish by Madhumita Ghosh writing on behalf of Amber Pupil. Amber is a number one world scholar housing platform, offering inexpensive housing choices to college students in additional than 100 cities throughout the UK, US, Australia, and Eire, with greater than 1 million beds on the platform.

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