Zolostays raise $7 million from Trifecta Capital

Zolostays, a Co-Living Spaces, has raised $7 million in funding led by Trifecta Capital, India’s largest venture debt provider. Also, the company is in advanced talks to start a Series C round of funding. The company was founded in 2015 by Nikhil Sikri, Akhil Sikri, and Sneha Choudhary. 

Earlier, the startup had raised $30 million in Series B round from IDFC Alternatives, Mirae Asset, and Nexus Venture Partners.

It is understood that the company will use these funds to strengthen its business and expand its operations. 

In a statement Nikhil Sikri, CEO and co-founder of Zolostays, said,  “We are thrilled to have Trifecta on board in our quest to make Zolo the largest and most trusted co-living brand in the country. We will utilize these funds to further our investments in capex, product innovation, and to expand to newer cities in the new year aggressively.”

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