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.

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