The Hosteller has raised nearly $16 million (Rs 150 cr0re) in a Series B funding round led by PROMAFT Partners and V3 Ventures. In another development, Aliste Technologies has raised nearly $3.2 million (Rs 30 crore) in a pre-Series A funding round comprising a mix of equity and debt.
The Hosteller raises $16m funding
The Hosteller, an Indian branded hostel chain, has raised nearly $16 million (Rs 150 cr0re) in a Series B funding round led by PROMAFT Partners and V3 Ventures, it announced on Thursday.
The funding also saw participation from ITI Growth Opportunities Fund, Merisis Wealth Trust, and several family offices, it said in a statement.
The company plans to use the fresh capital to expand its presence across key travel destinations, while also investing in operations and brand development.
Founded in 2014, The Hosteller operates more than 75 properties across 13 states and has served over 2 million travellers to date. In the past year, it claims to have added over 30 properties and increased its capacity by nearly 70%.
Looking ahead, the company aims to scale to 25,000 beds nationwide over the next three years and is working on a travel platform that will integrate accommodation, food and beverage, mobility, and curated experiences.
Big Global JSC backs Aliste Technologies
Energy tech and IoT solutions provider Aliste Technologies has raised nearly $3.2 million (Rs 30 crore) in a pre-Series A funding round comprising a mix of equity and debt.
The round was led by Big Global JSC, the corporate venture arm of Bitexco Group; with participation from existing investor YourNest Venture Capital and manufacturing partner Hbeon Labs, the startup said in a statement.
The company plans to use the funds to advance research in energy-focused solutions and strengthen its distribution network.
Founded in 2021 by VIT graduates Anant Ohri, Aakarsh Nayyar, Bhavya Kansal, Konark Gautam, and Shreyansh Jain, Aliste initially operated as a direct-to-consumer smart home brand before transitioning into an enterprise-focused solutions provider.
The company develops systems that enable businesses to monitor, control, and optimise energy usage across sectors such as hospitality, co-living, and commercial real estate.
