Investments
19Latest Rohit Chanana News
Dec 9, 2021
Backpacker hostel brand goSTOPS has raised an additional $1 million bridge round within 6 months of the last pre-series A round concluded earlier this year. The round was funded by existing investors The Chennai Angels, Mumbai Angels, Yuj Ventures, Lead Angels, 1Crowd, Indian Angel Network, Chandigarh Angels Network along with new angel investors including Rohit Chanana of Sarcha Advisors. The fresh proceeds will be utilized to acquire new budget hotels and grow its presence across the country. According to the company’s founder and CEO Pallavi Agarwal, goSTOPS has grown 2.5X Quarter-on-Quarter to ARR of $2.5 million in October 2021 and plans to grow further to $5 million ARR by June 2022. The Delhi-based hospitality platform is operational across 27 destinations, hosted over 500k guests and currently targeting $12 billion Indian youth leisure travel opportunity.
Rohit Chanana Investments
19 Investments
Rohit Chanana has made 19 investments. Their latest investment was in goStops as part of their Bridge on December 12, 2021.
Rohit Chanana Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
12/8/2021 | Bridge | goStops | $1M | Yes | 1Crowd, Chandigarh Angels Network, Chennai Angels, Indian Angel Network, Lead Angels, Mumbai Angels, Undisclosed Angel Investors, and Yuj Ventures | 4 |
10/28/2021 | Seed VC | Language Curry | $0.6M | No | Ajay Rajgharia, Indian Angel Network, Karan Tanna, LetsVenture, Nitin Zamre, rebalance, Shashvat Nakhrani, Undisclosed Angel Investors, and Varsha Rao | 5 |
10/19/2021 | Seed VC | Devnagri | $0.6M | Yes | 9 | |
10/6/2021 | Seed VC | |||||
8/19/2021 | Seed VC |
Date | 12/8/2021 | 10/28/2021 | 10/19/2021 | 10/6/2021 | 8/19/2021 |
|---|---|---|---|---|---|
Round | Bridge | Seed VC | Seed VC | Seed VC | Seed VC |
Company | goStops | Language Curry | Devnagri | ||
Amount | $1M | $0.6M | $0.6M | ||
New? | Yes | No | Yes | ||
Co-Investors | 1Crowd, Chandigarh Angels Network, Chennai Angels, Indian Angel Network, Lead Angels, Mumbai Angels, Undisclosed Angel Investors, and Yuj Ventures | Ajay Rajgharia, Indian Angel Network, Karan Tanna, LetsVenture, Nitin Zamre, rebalance, Shashvat Nakhrani, Undisclosed Angel Investors, and Varsha Rao | |||
Sources | 4 | 5 | 9 |
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