Backpacker hostel brand goSTOPS has raised an additional $1 million bridge round within 6 months of the last pre-series A round concluded earlier this year.
The round was funded by existing investors The Chennai Angels, Mumbai Angels, Yuj Ventures, Lead Angels, 1Crowd, Indian Angel Network, Chandigarh Angels Network along with new angel investors including Rohit Chanana of Sarcha Advisors.
The fresh proceeds will be utilised to acquire new budget hotels and grow its presence across the country.
