Zolostays, a managed hostel, paying guest accommodation and apartments brand that targets the housing needs of the students and early professionals has secured $7 million from the Trifecta Capital.
The company last secured $30 million from the IDFC Alternatives, Nexus Venture Partners and the Mirae Asset in the month of January.
“We will utilize these funds to further our investments in capital expenditure, product innovation and expand to newer cities in the new year aggressively,” said Nikhil Sikri, CEO and cofounder, Zolostays.
The firm competes with the Oyo Life Brand, StanzaLiving and Nestaway owned Hello World. Last month, Zolostays appointed the Siddhartha Mehra from the Jupiter capital as the CFO.
