Backpacker hostel chain The Hosteller raises Rs 48 crore in round led by V3 Ventures

Founded in 2014, it plans to expand from 2,500 to 10,000 beds across India within 18 months, focusing on property expansion and customer acquisition. Operating in 60 locations, The Hosteller targets new markets in Odisha, West Bengal, and the northeast. It reported Rs 55 crore revenue in FY 2024, aiming for Rs 100 crore this fiscal year.