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.  Th...

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- 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](https://entrackr.com/2024/09/exclusive-the-hosteller-kicks-off-series-a-round/)

The Hosteller Secures $4 Million in Series A Funding

Journalist

The Hosteller Secures $4 Million in Series A Funding- Grapevine

- Moving Tech Innovations Ltd, the firm behind Namma Yatri, raised $11 million in a pre-Series A funding round led by Blume Ventures and Antler, with participation from Google.
- The funds will be invested in technology, R&D, and product innovation to empower drivers, integrate public transport, and enhance customer experience.
- Moving Tech aims to increase driver earnings and provide reliable, affordable, and sustainable mobility solutions through direct-to-driver and multimodal transportation models.
- Originally launched as the Yatri app, Namma Yatri debuted in Bengaluru, Mysuru, Tumkur, and Kochi, and has expanded to Chennai, where it also facilitates metro-ticket bookings.
- The company was spun off from Juspay in April 2020 and is led by Shan M S and Magizhan Selvan, who aim to create an impact similar to UPI in India and Linux worldwide. 

 Source: Moneycontrol

Namma Yatri Parent Raises $11 Million in Funding

- Bengaluru-based fintech startup Stable Money has raised INR 123.5 Cr (about $14.7 Mn) in its Series A funding round led by RTP Capital.
- The round also saw participation from existing investors Matrix Partner and Lightspeed Ventures.
- The board at Stable Money passed a special resolution to issue 77,135 Series A Compulsory Convertible Preference Shares (CCPS) at an issue price of INR 16,019 each to raise INR 123.56 Cr, as per regulatory filings.
- The financing round appears to be ongoing and Stable Money is likely to raise more capital in Series A funding.
- Founded by Saurabh Jain and Harish Reddy in 2022, Stable Money offers fixed-return asset investment opportunities for retail investors, such as access to fixed deposits, debt mutual funds, and bonds. 

 Source: Inc42

Stable Money Raises INR 123.5 Cr in Series A Funding Round

Welcome to Indian Startups's Private Community

I have been to a dozen zostel stays and all were awesome except 1.

There are multiple hostel chains in India, but zostel leads with a margin.

Few things I like about them...

1. Good location
2. Food availablity
3. Laundry
4. Affordable
5. Like minded people 

Which is your favourite hostel or hostel chain?

Ex hosteller, go stops, whoopers and jungle etc.

My fav few are zostel leh, whoopers palolem and vagamon

Zostel is the best hostel chain.

Senior Consultant

Woah that’s a huge round!

Product Manager

- HomeLane has acquired DesignCafe in a share swap deal, marking a major consolidation in India's tech landscape.
- The combined entity is valued at approximately $400 million and is raising Rs 225 crore from existing and new investors.
- HomeLane, Doowup, and DesignCafe will continue to operate as separate brands, each targeting different market segments.
- The combined entity is expected to achieve a revenue of Rs 1,000 crore this fiscal year, up 33% from FY24.
- HomeLane plans to file for an IPO in 1-1.5 years, aiming for sustained profitable growth. 

 Source: [The Arc](https://thearcweb.com/article/homelane-buys-designcafe-bags-rs-225-cr-in-funding-VOavZVsPCvgES7a5)

HomeLane buys DesignCafe, bags Rs 225 cr in funding

Share with your founders and alway ask for equity.

Investor

Welcome to Office Gossip's Private Community

Which startups are in talks to raise funds?

Content Strategist

Cred is truly a topic of surprise for me. Yes, I understand it has created a community of top spenders/credit worthy people in India. I also understand that they can use the information on such people for creating value for themselves.

Being a cred user, I only use it to pay the bills. I really wonder if they have built any b2b business or alternative source of income beyond what's seen to the end user. What's the game plan for the cred? 

I also applaud the fact that cred hasn't laid off people having paid them better than most companies. I really wonder if the business is really that strong or the conviction is. Would you join cred if given a chance to work there?

Cred

I feel cred is doomed and just trying to increase its value. 
 And the end goal is to sell the cred to someone with higher value and make money.

Software Engineer

from Malaysian sovereign wealth fund Khazanah. Does this indicate further delays to IPO?

Source: https://www.bloomberg.com/news/articles/2024-01-25/khazanah-in-talks-to-lead-oyo-hotel-s-400-million-fund-raise

OYO raising $400 mil

Once the posterboy of vc funded fast growing startups, Khatabook has grown quite. Anyone has an idea what's happening? I have heard from somewhere they have become profitable on the back of lending to shopkeepers.

The Hosteller Secures $4 Million in Series A Funding

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