The Hosteller Raises ₹150 Crore Series B to Scale to 400+ Hostels
India's largest self-operated backpacker hostel chain The Hosteller has closed a ₹150 crore Series B co-led by PROMAFT Partners and V3 Ventures, with plans to expand to 400+ properties and launch internationally.
Key Facts
| Detail | Value |
|---|---|
| Deal size | ₹150 |
| Stage | Series B |
| Lead investor | PROMAFT Partners |
| Sector | The Hosteller |
| Coverage | Startup Funding |
The Hosteller, India's largest self-operated backpacker hostel chain, has raised ₹150 crore (~$18 million) in a Series B round — its largest fundraise to date.
Round Details
Company Snapshot
Why This Round Matters
Founder Commentary
Co-founder Pranav Dangi said the company will "double down on tier-2 and tier-3 destinations" alongside flagship locations in Goa, Himachal, and Rajasthan.
Context
This is the largest single fundraise by an Indian hostel-focused brand, comfortably exceeding rivals goSTOPS and Zostel's recent rounds. It signals investor conviction that branded budget accommodation is now a venture-fundable category.
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
Enjoyed this article?
Get weekly startup insights delivered to your inbox.
Related Articles
Weekly Funding Recap: Indian Startups Raised $506 Million Across 37 Deals (Jul 20 – Jul 24, 2026)
Indian startups closed 37 disclosed deals worth $506 million in the week to July 24, 2026, with electric mobility, travel tech and agentic AI absorbing more than two-thirds of the capital.
Ultraviolette Raises $95 Million Series E to Triple Electric Motorcycle Capacity
Bengaluru-based electric motorcycle maker Ultraviolette raised $95 million in a Series E round to expand manufacturing capacity to 180,000 units a year and accelerate European exports.
Stayflexi Raises $28 Million Series B to Automate Hotel Operations Across India
Hospitality software company Stayflexi raised $28 million in a Series B round to expand its property management and dynamic pricing platform to 20,000 independent hotels across India and Southeast Asia.