Delhi based Apartment and Hostel listing platform Zocalo has secured ₹1.4 Cr funding from Xander Group.
Xander group is a global real estate & investment firm.
Founded in 2014 by Uday Lakkar, an IIM-Ahmedabad alumnus, and a former McKinsey executive, Zocalo is a broker-free platform that offers paying guest, hostel, shared and rental apartment accommodation listings.
“Zocalo” is the Mexican term for a public square or plaza.
Earlier, the startup has raised an angel round of funding from investors including Rajesh Sawhney, Founder of GSF Accelerator, Sachin Bhatia, co-founder of MakemyTrip, Mahesh Parasuraman, former managing director of the Carlyle Group, Dheeraj Jain, partner with a UK-based hedge fund, and Advantedge Incubators.
As per the platform data, they have an inventory in excess of 75,000 PGs & hostel beds and more than 10,000 accommodation listings. Around 6,000 new listings are being added every month.
Founded by Siddharth Yog in August 2005, Xander is one of the largest institutional owners of real estate in India excluding road and highway assets. It has invested close to ₹13000 Cr in the real estate sector.