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The Hosteller raised $4 million in a Series A round led by V Cube Ventures to expand hostels and for marketing purposes.

Sep 04, 2024

Amount Raised

$4 Million

Round Type

Series A

MumbaiHospitalityLeisureHotelTravelTourism

Investors

Merlin MarketingAngelistLets Venture Angel FundV Cube Ventures

Description

The Hosteller has raised Rs 32 crore (approximately $4 million) in its Series A round led by V Cube Ventures. The company will use the funds for the expansion of hostels, marketing, and other general purposes.

Who else raised in Hospitality and Leisure around the same time

Companies in the same sectors as The Hosteller that raised within 45 days of this round, from Fundz verified event records.

  • Holiday Tribe raised $643K (Seed) on October 4, 2024.
  • Open Road Resorts raised an undisclosed amount (Corporate Round) on September 5, 2024.
  • A.M.A Selections raised $1.6M (Seed) on October 7, 2024.
  • Hotelverse raised $5.5M (Series A) on October 1, 2024.
  • Turneo raised $2M (Seed) on September 18, 2024.
  • Supersquad raised $250K (Seed) on September 10, 2024.

Who to call at The Hosteller, and when

A new round usually means The Hosteller is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day The Hosteller raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at The Hosteller, from your own LinkedIn network

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Company Information

Company

The Hosteller

Location

Mumbai, Maharashtra, India

About

The Hosteller, India's largest self-operated backpacker hostel chain, is present across India with 55+ hostels. We are the perfect pit-stop for global as well as local travellers to relax, rejuvenate and experience India’s rich heritage while not worrying about a clean, safe, and smart place to stay. We are one of the fastest growing hostel chains in India that is uniquely designed, filled with activities & experiences for travellers to enjoy and offers a quality budget accommodation. In our stylish yellow-black themed hostels, we provide clean and safe housing facilities, secured lockers, well-stocked common kitchens, air conditioners, equipped libraries, exclusive female dorms, traveller’s cafes, chiller common rooms and wide open spaces where travellers can bond over cups of lip-smacking coffee.

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Fundz sees it the moment The Hosteller raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Verified contactsDushyant, Chief Technology and Product Officer hiddenSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

The Hosteller raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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