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.”
