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2

About FAO Ventures

FAO Ventures is an Indian family office.

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Latest FAO Ventures News

Backpacker hostel chain The Hosteller raised $1 million in Pre Series A led by FAO ventures

Nov 2, 2021

Backpacker hostel chain, The Hosteller on Monday said it has raised $1 million in a fresh funding round led by FAO ventures & CA Holding LLP, also saw participation from SUNiCON Ventures, Shubhkam Ventures, Jito Angel network & FAAD Network. With the freshly infused capital, The Hosteller plans to grow the number of hostels from 12 hostels to 50. The Hosteller offers experiential and quality lodging with several activities that young travellers from across the globe can enjoy. The brand’s hostels are equipped with multiple facilities such as shared dormitories, decked common spaces, bonfire or an activity area, bar and cafe, among other services. “People are looking for more experience-driven stays that are pocket-friendly, safe and comfortable rather than just luxury when it comes to their vacations. The Hosteller was founded with the aim of creating lasting memories for everyone looking for more than just a vacation in India. The fresh capital infusion will help us reach new heights and we are happy to have marquee investors backing us in our journey," said Pranav Dangi, founder of The Hosteller. “We were glad to lead the round for The Hosteller which has demonstrated a very good understanding of the space and has created a recognizable brand with excellent unit economics giving us the confidence that they can become a dominant player in the Indian hospitality landscape and move even outside the country in due time. Instead of being a pure play aggregator like some of the larger players" added Farooq A Oomerbhoy, founder, FAO Ventures. “The Hosteller has created a model which is backed by consistent quality and value added services delivered at a price which is accessible to the larger population of India," added Oomerbhoy.

FAO Ventures Investments

2 Investments

FAO Ventures has made 2 investments. Their latest investment was in The Hosteller as part of their Seed VC on November 11, 2021.

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FAO Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/1/2021

Seed VC

The Hosteller

$1M

Yes

6

10/13/2016

Series A

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$99M

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10

Date

11/1/2021

10/13/2016

Round

Seed VC

Series A

Company

The Hosteller

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Amount

$1M

$99M

New?

Yes

Subscribe to see more

Co-Investors

Sources

6

10

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