Angel Investments
Backpacker hostel chain Hosteller raises $1-M from FAO Ventures, CA Holding, others
Delhi-based backpacker hostel chain The Hosteller has raised USD 1 million in a funding round led by FAO ventures and CA Holding LLP. The round also saw the participation of other investors such as SUNiCON Ventures, Subhkam Ventures, Jito Angel network, and FAAD Network. The Hosteller plans to use the new capital to grow its number of hostels from 12 to 50. The Hosteller is also looking to raise USD 10 million as a part of their Series A round to expand its footprint further in India and Southeast Asia.
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