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.