ZoloStays Property Solutions, a co-living, and home rental startup, has raised $30 million in a funding round led by existing investor Nexus Venture Partners and IDFC Alternatives to fuel its expansion plan.
The Series B funding round also saw participation from Mirae Asset, as ET had reported in November last year. The transaction is estimated to have pushed up the company’s valuation by more than $100 million.
The Bengaluru-based startup, which has a platform that serves as a market place for property solutions like paying guest accommodation, service apartments, and independent flats, will use the money to expand its footprint across the metro cities, according to Nikhil Sikri, its co-founder. Read More
News & Img Source: tech.economictimes.indiatimes.com
