Backpacker hostel brand goSTOPS raises additional $1 m bridge round

goSTOPS sees rapid demand for strong post-Covid leisure travel

Backpacker hostel brand goSTOPS on Wednesday announced that it has raised an additional $1 million bridge round within six months of the last million dollar Pre-Series-A round concluded early this year in June.

The round witnessed participation from existing investors The Chennai Angels, Mumbai Angels, Yuj Ventures, Lead Angels, 1Crowd, Indian Angel Network, Chandigarh Angels Network in addition to new angel investors including Rohit Chanana of Sarcha Advisors.

The funding from the additional bridge round will aid the company to accelerate growth further till it concludes its Series-A by June 2022. It will leverage the fresh funds to “aggressively” acquire new budget hotels and rapidly grow its presence across the country.

Read more: https://www.thehindubusinessline.com/companies/backpacker-hostel-brand-gostops-raises-additional-1-m-bridge-round/article37893936.ece

Share the Post:

You may also like

D2C ECO-FRIENDLY HOME FASHION BRAND D’MOKSHA HOMES RAISES $575K IN SEED ROUND

Twixor Raises $2.4 Million In Series A Funding Round

a Singapore-based low-code no-code (LCNC) conversational AI and process automation platform, has raised $2.4 million in Series A funding round from Season Two Ventures (an Indo-US corridor VC firm), Axilor Ventures and The Chennai Angels. The fund will be utilized to further the company’s innovation journey, to strengthen the strategic partnerships, global expansion and hire new talent.

IoT-enabled agritech platform CultYvate raises Rs. 4.5 crore in funding

CultYvate, the IoT-enabled agritech platform by Farms2Fork Technologies, raised Rs. 4.5 crore in a pre-Series A round. The round was led by Sirius One Capital Fund, alongside other marquee investors including Sunicon, The Chennai Angels, LV Angel Fund, and Prodapt Technology Holding.

Med-tech startup MedisimVR raises ₹3.5 Cr from Inflection Point Ventures – TCA Funding Alert

The round also saw participation from Chennai Angels and Jana Balasubramaniam (MedTech investor). The funds raised will be used for scaling up their product offering and adding more skill training content to their library.MediSimVR aims to make