The Hosteller Raises Rs 150 Cr to Accelerate Expansion

The Hosteller Raises INR 150 Crore Led by PROMAFT Partners in Series B Funding

The Hosteller, India’s largest branded hostel chain, has raised INR 150 crore in a Series B round led by PROMAFT Partners and V3 Ventures, with participation from ITI Growth Opportunities Fund, Merisis Wealth Trust, and prominent family offices. This is the largest institutional funding round ever raised by a backpacker hostel company in India.This fundraise marks a pivotal moment for the company as it cements its leadership in India’s rapidly g…

The Hosteller raises Rs 150 cr to accelerate expansion

Mumbai, Apr 16 (PTI) Backpacker hostel brand The Hosteller on Thursday said it has raised Rs 150 crore in Series B funding round led by PROMAFT Partners and V3 Ventures. This funding round also saw participation from ITI Growth Opportunities Fund, Merisis Wealth Trust, and prominent family offices, the company said in a statement. The Hosteller plans to deploy the fresh capital towards accelerating its expansion across key travel destinations, w…

The Hosteller raises ₹150-Cr in Series B to expand backpacker hostel network and launch travel super app | Business Review Live | Business News, Reviews | Entrepreneur Stories, Interviews

Branded hostel chain The Hosteller has secured ₹150 crore in a Series B funding round led by PROMAFT Partners and V3 Ventures, while ITI Growth Opportunities

The Hosteller Raises ₹150 Cr To Expand Footprint

Founded by Dangi in 2014, The Hosteller offers affordable and accessible backpacker hostels across India.