ZoloStays Secures Funding in Recent Round Led by Investcorp

July 11, 2020
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ZoloStays is a coliving aggregator giant in India. Accommodating more than 125,000 in the last five years, alone. The company uses AI-focused tech to operate its platform and gather the best opportunities for those looking to share their living experience. 

In recent news, the company has secured $56 million in funding led by Investcorp. This brings the current amount that the company has raised to date to $90 million.

Nikhil Sikri, Co-Founder and CEO of ZoloStays, said:

“We are creating a personalized living experience keeping the customer at the core. It allows them to personalize the way they live and work, all on their terms. We partner with them as they rewrite their own story and re-imagine life.”

Zolo will use the capital to support technology development and strengthen its AI-backed platforms, along with a number of other projects in the works for the near future. 

To cope with the societal changes due to the global pandemic, ZoloStays is offering exclusive coliving campuses to people wanting to live closer to their workplace to cut down on commute times. The company is currently discussing plans for a ‘built-to-suit’ project, as well.

As the curated living trend continues to increase in popularity, Zolo says it will soon be launching Zolo Red Carpet, a luxury offering that will include wellness studios, all-day in-house cafes, workspaces, modern decor, and concierge services. 

July 11, 2020

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