Friday, 10 November, 2023

Proptech Startup Zeus Living, Backed by Airbnb, Shuts Down

Zeus Living, a startup that offered furnished properties for 30-day stays or longer, has reportedly shut down its operations. The company was backed by Airbnb and had raised $150 million in debt and equity. The startup had broadened its focus to give people more options to move around with less commitment. However, the company was hit by the remote work revolution fueled by the onset of the COVID-19 pandemic, and interest rates have climbed to their highest levels in two decades.