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.
Impact and considerations
This funding indicates India's hostel market is becoming mainstream, potentially impacting business travelers' accommodation choices.
Key points
- The Hosteller raised approximately $16 million in Series B funding led by PROMAFT Partners.
- The company plans to expand to over 150 hostels and 25,000 beds within 24-30 months.
- It is developing a travel super app integrating accommodation, F&B, mobility, and local experiences.
- It added over 30 hostels in the last 12 months, increasing capacity by around 70%.
Sources and time
- Primary source
- PhocusWire / Phocuswright
- Other sources
- 0
- First source publication
- 17 Apr 2026, 00:30
- Page published
- 13 Aug 2026, 08:20
- Last updated
- 17 Apr 2026, 00:30
- Original links
- PhocusWire All News：The Hosteller raises $16M to expand hostel network, build travel super app | PhocusWire (opens in a new tab)Primary source · en · Published 17 Apr 2026, 00:30