<ul><li>Backpacker hostel brand The Hosteller has raised Rs 48 crore in a Series A funding round.</li><li>V3 Ventures led the equity round with Rs 32 crore, while Blacksoil provided an additional Rs 16 crore in venture debt.</li><li>The investment will be used to strengthen the company's presence in cities like Rishikesh and Manali and expand into new destinations across India.</li><li>The Hosteller aims to have 10,000 beds by March 2026 and capitalizing on the growing popularity of backpacker hostels among GenZ and millennial travelers.</li></ul>

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

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