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The Hosteller Bags INR 48 Cr Led By V3 Ventures

  • Traveltech startup The Hosteller has raised INR 48 Cr (around $5.7 Mn) in a funding round led by V3 Ventures.
  • The investment includes a debt of INR 16 Cr from Blacksoil.
  • Other investors, including Real Time Angel Fund, Ice Venture Capital, Synergy Capital Partners, and angel investors like Harsh Shah and Vedang Patel, also participated in the round.
  • The Hosteller plans to use the funding to expand its operations and increase the number of beds from 2,500 to 10,000 in the next 15 to 18 months.

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