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HerSpace Manufacturing secures $50M commitment from Gray Matters Capital for employee housing expansion across India's manufacturing hubs.
PRIVATESep 07, 2026•about 19 hours ago
Amount Raised
$40 Million
Round Type
Venture - Series Unknown
ManufacturingHospitality
Investors
Gray Matters Capital
Description
HerSpace Manufacturing Pvt Ltd has secured a USD 50 million capital commitment from existing investor Gray Matters Capital, comprising an additional USD 40 million investment. The capital will be deployed over 30 months through a mix of debt, quasi-equity, and equity instruments. HerSpace plans to expand affordable employee accommodation across Karnataka, Tamil Nadu, and Andhra Pradesh, with operations in Greater Bengaluru, Hosur, and Chennai. The company currently operates over 950 modular beds with more than 10,000 beds in its pipeline.
Company Information
Company
HerSpace Manufacturing Pvt Ltd
About
HerSpace Manufacturing Pvt Ltd is an employee accommodation provider specializing in affordable housing for industrial workers in manufacturing hubs. The company operates modular bed facilities across India with over 950 beds currently operational and 10,000 beds in development pipeline. HerSpace focuses on expanding affordable employee housing in manufacturing regions across Karnataka, Tamil Nadu, and Andhra Pradesh. The company serves both workers and employers by providing quality, scalable accommodation solutions.
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