One of India’s fastest growing backpacker hostel chains, The Hosteller, has raised $1 million in a funding round led by FAO ventures and CA Holding LLP. The round also saw the participation of other marquee investors such as SUNiCON Ventures, Shubhkam Ventures, Jito Angel network, and FAAD Network.
Backpacker hostel chain The Hosteller plans to use the freshly infused capital to grow the number of hostels in India from 12 to 50 and also expand internationally.
