These co-living startups are helping tenants sail through Covid-19

Last month, Sai Ashok Madugula was handed the pink slip by a  start-up in Hyderabad, citing a financial crunch because of the  pandemic. The biggest worry for him was paying the rent from his savings. Madugula had been staying at Zolo Twins, a co-living property owned by Zolostays, for over six months. To his surprise, he got an email from Nikhil Sikri, co-founder and CEO of Zolostays, stating that his monthly rent of Rs 8,500 had been waived for July and August. “We don’t want to go bankrupt but help as much as we can. It should be in the bearable zone,&rdquo.....

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.