Hosteller raises Rs 48 Cr in Series A round led by V3

Quick Summary:

Backpacker hostel brand Hosteller will use the investment to strengthen its presence in cities like Rishikesh and Manali, while also expanding into new destinations across India.

V3 Ventures led the equity round, contributing Rs 32 crore, with Blacksoil providing an additional Rs 16 crore in venture debt.

Hostel companies are significantly benefitting from the rise of digital nomadism, a trend that has reshaped the hospitality landscape.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Privacy Crore Backpacker Presence Hostel Brand India Hosteller Destinations Providing Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 07:16:30 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 352 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23458438

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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