Bengaluru-based co-living startup Zolostays Zolo announced it has raised $56 million in series C round of funding led by INVESTCORP, Nexus Ventures Partners, among others. The total funding raised so far post this round for Zolo is $90 million.
Founded in 2015, by Dr. Nikhil Sikri, Akhil Sikri and Sneha Choudhry, Zolo Stays currently has over 485 properties across ten cities in the country.
The company has partnered with large developers to provide beautiful and exclusive co-living campuses to people near their workplace. Zolo has more than 5 million square feet worth of ‘built to suit’ discussions underway.
The co-living startup will also launch an uber-premium brand extension called Zolo Red Carpet. These micro-living spaces will provide an elite experience which will include wellness studios, all-day in-house cafes, workspaces, exquisite decor, and concierge services.
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[Funding Alert] Co-Living Startup Zolostays Raises $56 Mn In Series C Round
Stay informed and join our daily newsletter now! You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Bengaluru-based co-living startup Zolostays announced it has raised $56 million in series C round of funding led by Investcorp, Nexus Ventures Partners, among others. The total funding raised so far post this round for Zolo is $90 million.
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