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 company plans to expand to over 150 hostels and 25,000 beds, and develop a 'travel super app' integrating accommodation, F&B, mobility, and local experiences. Founder Pranav Dangi said the model has served 2 million travelers.