1. ZoloStays raises Rs 34 cr in Series A funding

ZoloStays raises Rs 34 cr in Series A funding

ZoloStays Property Solutions, which owns and operates managed accommodation platform Zolo, has raised $5 million in Series A funding led by existing investor Nexus Venture Partners.

By: | Bengaluru | Published: January 17, 2017 6:25 AM
The company wants to create a new class of managed accommodations and plans to use the capital raised to grow aggressively to reach from 5,000 locked-in beds to over 12,000 beds and expand to Chennai. (Reuters) The company wants to create a new class of managed accommodations and plans to use the capital raised to grow aggressively to reach from 5,000 locked-in beds to over 12,000 beds and expand to Chennai. (Reuters)

ZoloStays Property Solutions, which owns and operates managed accommodation platform Zolo, has raised $5 million in Series A funding led by existing investor Nexus Venture Partners. The funding round also includes venture debt from Innoven Capital.

You may also like to watch this

The company wants to create a new class of managed accommodations and plans to use the capital raised to grow aggressively to reach from 5,000 locked-in beds to over 12,000 beds and expand to Chennai and NCR by the end of this year, the company said. Zolo provides a place to stay, daily meals, housekeeping, firewall managed Wi-Fi, through an integrated app-based technology platform at locations near large office clusters in Tier-1 cities, for R5,000 a month.

Calculate your income tax post budget 2018 through this Income Tax Calculator, get latest news on Budget 2018 and Auto Expo 2018. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top