Monday, December 23

Tag: Bloom Hotels

Top Five Funding of the Week (24th Dec – 29th Dec)
29Dec By Gauri SinghNo Comments
FUNDING

Top Five Funding of the Week (24th Dec – 29th Dec)

Without funding, an entrepreneur cannot think of taking forward or flourishing his business, and thus, funding activity is a major part of any business. With this step, the business grows and flourishes to a great extent. This week was quite eventful in terms of funding activities and let us have a look on the top five funding activities of the week. DesignCafe Online interior design platform DesignCafe has raised funds amounting to Rs 200-crore equity-financing round. This round was led by home-grown private equity firm WestBridge Capital. The transaction marks a rare venture capital-style investment by WestBridge which has so far largely preferred to place public market-focused bets. Funds from the investment will be used by DesignCa...
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Bloom Hotels Raises Rs 100 crore in a Fresh Funding Round
27Dec By Gauri SinghNo Comments
FUNDING

Bloom Hotels Raises Rs 100 crore in a Fresh Funding Round

Bloom Hotels has reportedly raised funds amounting to Rs 100 crore in a fresh round of funding. This round was led by Samena Capital, taking the principal investment group's stake in the company to 45%. Samena Capital had earlier invested Rs 100 crore in Bloom Hotels for 35% stake in the company in April this year. "With a view on keeping up with the company's accelerated growth and management's effective on the ground execution, Samena Capital has raised its Series B investment to Rs 200 crore within a few months after the initial investment into the company," Bloom Hotels said in a statement. The company is targeting signing a 100 hotels within the next 18 to 24 months as part of its first phase growth, it added. The additional capital will be utilised to complete...
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