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...