The Hosteller Secures $4 Million in Series A Funding

• The Hosteller has raised Rs 32 crore ($4 million) in its Series A round led by V Cube Ventures.
• The funding round saw participation from Lets Venture Angel Fund, Angelist, and other investors.
• The funds will be used for hostel expansion, marketing, and general purposes.
• This is the first funding round for the company in three years, following a $1 million seed round in 2021.
• The Hosteller plans to add 75 new properties this year, competing with goSTOPS, Wudstay, and Backpackers Panda.

Source: Entrackr