Fractional Ownership Platform Hotelyaari Raises Rs 18 Crore From Alios Ventures

HotelYaari, a fractional ownership platform for holiday homes and hotel suites, has raised $2.17 million (Rs 18 crore) in seed funding from Alios Ventures. The complete investment will be disbursed in three equal tranches in the next three quarters.“The investment will be used to further develop the platform and hire more personnel to cater to the demand for fractional ownership of holiday homes and hotel suites,” said Janardan Tiwari, founder and CEO of the platform.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Digital MarketingVisitNorthwestern UniversityKellogg Post Graduate Certificate in Digital MarketingVisitIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitHotelYaari is a tech-driven marketplace for hotel rooms and holiday homes, offering individuals an opportunity to own a suite within a 4 or 5-star hotel and resort by investing as little as Rs 5 lakh.Tiwari, who also founded Bengaluru-based edtech company DataTrained, started HotelYaari in May 2023. The platform allows individuals to invest in their own holiday homes and hotel suites, a concept similar to startups such as Pacasso in the United States and Kocomo in Mexico, which both allow customers to own shares of property without having to actually purchase it outright. The startup allows them access at a fraction of the cost, making it an attractive option for those who don't have the resources or ability to purchase an entire holiday home or hotel suite.Sebi has proposed to regulate all online platforms that offer fractional ownership of real estate assets.Powered ByVideo Player is loading.Play VideoPlaySkip BackwardMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -0:00 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions and subtitles off, selectedAudio TrackPicture-in-PictureFullscreenThis is a modal window.No compatible source was found for this media.Beginning of dialog window