The Hosteller raises $16M to expand hostel network, build travel super app

Mumbai-based hostel company The Hosteller has raised approximately $16 million in Series B funding, led by PROMAFT Partners with participation from V3 Ventures. The funds will be used to expand to over 150 hostels and develop a travel super app integrating accommodation, F&B, mobility, and local experiences. The company currently operates over 70 hostels across 40+ destinations.