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The company has established partnerships with universities, property management groups, and study-abroad organizations.<ref name="icef">{{cite web |title=Student housing investments jumped in 2022 but still lag behind demand |url=https://monitor.icef.com/2023/03/student-housing-investments-jumped-in-2022-but-still-lag-behind-demand/ |website=ICEF Monitor |date=22 March 2023}}</ref><ref>{{cite web |title=Amberstudent |url=https://www.timeshighereducation.com/student/student-services/amberstudent |website=Timeshighereducation |language=en |date=26 May 2021}}</ref>
The company has established partnerships with universities, property management groups, and study-abroad organizations.<ref name="icef">{{cite web |title=Student housing investments jumped in 2022 but still lag behind demand |url=https://monitor.icef.com/2023/03/student-housing-investments-jumped-in-2022-but-still-lag-behind-demand/ |website=ICEF Monitor |date=22 March 2023}}</ref><ref>{{cite web |title=Amberstudent |url=https://www.timeshighereducation.com/student/student-services/amberstudent |website=Timeshighereducation |language=en |date=26 May 2021}}</ref>



==Background==
==Background==
Saurabh Goel and Madhur Gujar, who were batchmates{{clarify|date=September 2023}} at [[IIT Kharagpur]], founded Amber in 2016. Goel had worked at Housing.com and co-founded Startuptoday, while Gujar had worked in Axtria consulting and co-founded Doubtbox.com. As students, they noticed a digital market for student accommodation and identified a need for a consolidated solution after witnessing their friends struggle to find suitable housing abroad.{{cn|date=September 2023}}
amber, originally known as AmberStudent, was founded in 2016 by Saurabh Goel and Madhur Gujar, alumni of [[IIT Kharagpur]]. Saurabh Goel had worked at Housing.com and co-founded Startuptoday,<ref>{{cite web |last1=Modgil |first1=Shweta |title=The 12 Founders Of Housing: Where Are They Now? |url=https://inc42.com/buzz/housing-cofounders-ventures/ |website=Inc42 Media |language=en |date=25 October 2016}}</ref> while Madhur Gujar had worked in Axtria consulting and co-founded Doubtbox.com.<ref>{{cite web |title=Indian students need to work on soft skills, experts opine |url=https://indianexpress.com/article/education/study-abroad/international-education-day-2024-indian-students-need-to-work-on-soft-skills-say-experts-9123377/ |website=The Indian Express |language=en |date=24 January 2024}}</ref>

The company was later rebranded as "amber" from AmberStudent in 2021. Amber collaborates with property management organizations globally to present lodging options on its platform. In 2017, the company scaled its operations to the top study-abroad destinations, [[USA]], [[Canada]], [[UK]] and [[Australia]].<ref name="icef"/>


The inception of amber stemmed from the founders' recognition of a gap in the student accommodation market, when they witnessed the challenges their friends faced in finding suitable student housing abroad.<ref>{{cite web |title=1/5 of Glasgow students yet to secure accommodation for the upcoming academic year |url=https://thetab.com/uk/glasgow/2023/07/31/1-5-of-glasgow-students-yet-to-secure-accommodation-for-the-upcoming-academic-year-27173 |website=University of Glasgow |date=31 July 2023}}</ref>
Edumpus partnered with Amberstudent in 2022.<ref>{{cite web |title=Edumpus Partners With Amber Student For Easy Student Accommodations |url=https://edumpus.com/blog/edumpus-x-amberstudent |website=Edumpus |language=en}}</ref> In the same year, the company launched amber+, which provides post-accommodation services such as creating a student bank account, applying for a loan, booking discounted flight tickets, landing internships, and more.<ref>{{cite web |title=News from the world of Education: January 9, 2023 |url=https://www.thehindu.com/education/news-from-the-world-of-education-january-9-2023/article66358286.ece |website=[[The Hindu]] |language=en-IN |date=9 January 2023}}</ref>


By 2023, amber aims for 100,000 bookings with a gross value of $1 billion.<ref>{{cite web |title=Amber on track to drive $1 billion in gross booking value in 2023 |url=https://thepienews.com/the-view-from/amber-track-drive-1-billion-gross-booking-value-2023/ |website=Thepienews.com |language=en}}</ref>
In 2017, the company scaled its operations to the top study-abroad destinations, [[USA]], [[Canada]], [[UK]] and [[Australia]].<ref name="icef"/> In 2021, the company was rebranded as "amber" from AmberStudent.<ref>{{cite web |title=Amber Student in advanced talks for $20 million venture round led by prominent VC firm |url=https://propnewstime.com/getdetailsStories/MjkzMQ==/amber-student-in-advanced-talks-for-20-million-venture-round-led-by-prominent-vc-firm |website=propnewstime.com}}</ref>


==Awards==
==Awards==

Revision as of 04:50, 1 March 2024


Amber
Company typePrivate
IndustryInternational real estate, Student Accommodation
FoundedAug 06, 2016
FounderSaurabh Goel (CEO)
Madhur Gujar (CBO)
HeadquartersPune, Maharashtra, India
Area served
United Kingdom, Ireland, USA, Australia, Europe
Servicesaccommodation
Number of employees
600+ (Apr 2023)
Websiteamberstudent.com

Amber is a student accommodation booking platform that serves over 2 million students worldwide and helps students find residential accommodation. The company was launched in 2016 in Mumbai, Maharashtra. Amber partners with universities, property management groups and study-abroad partners to help students find accommodations near campuses.[1]

The company differentiates itself from other real estate marketplaces with a narrowed focus on the student housing market, connecting students to global accommodation providers.[2]

The company has established partnerships with universities, property management groups, and study-abroad organizations.[3][4]

Background

amber, originally known as AmberStudent, was founded in 2016 by Saurabh Goel and Madhur Gujar, alumni of IIT Kharagpur. Saurabh Goel had worked at Housing.com and co-founded Startuptoday,[5] while Madhur Gujar had worked in Axtria consulting and co-founded Doubtbox.com.[6]

The inception of amber stemmed from the founders' recognition of a gap in the student accommodation market, when they witnessed the challenges their friends faced in finding suitable student housing abroad.[7]

In 2017, the company scaled its operations to the top study-abroad destinations, USA, Canada, UK and Australia.[3] In 2021, the company was rebranded as "amber" from AmberStudent.[8]

Awards

References

  1. ^ "UK's 'juggernaut' student-housing market attracts Asian capital". South China Morning Post. 27 August 2023.
  2. ^ Alibabic, Lana (1 December 2020). "7 Type of Accommodation the Amber Student Seeks". EDM Chicago.
  3. ^ a b "Student housing investments jumped in 2022 but still lag behind demand". ICEF Monitor. 22 March 2023.
  4. ^ "Amberstudent". Timeshighereducation. 26 May 2021.
  5. ^ Modgil, Shweta (25 October 2016). "The 12 Founders Of Housing: Where Are They Now?". Inc42 Media.
  6. ^ "Indian students need to work on soft skills, experts opine". The Indian Express. 24 January 2024.
  7. ^ "1/5 of Glasgow students yet to secure accommodation for the upcoming academic year". University of Glasgow. 31 July 2023.
  8. ^ "Amber Student in advanced talks for $20 million venture round led by prominent VC firm". propnewstime.com.
  9. ^ "FT ranking: Asia-Pacific High-Growth Companies 2022". Financial Times. 17 March 2022.