Luxury Hotel Booking Platform For Business Class Raises $200000 Funding
Delhi based icanstay.com, an online luxury hotel booking platform for business travelers has raised a fresh round of funding of Rs 1.30 Cr from an angel investor Mr. Manoj Prasad, executive chairman at Singapore-based venture capital and management advisory firm MP Morgan Capital Partners Pte. Ltd.
Earlier the online platform has raised Rs 2.24 Cr from the same investor who has picked up 6.54 % stake in the company. The overall funds acquired are now $550000.
The latest funding values icanstay at more than Rs 36 Cr, in just nine months since its commercial launch.
icanstay is launched to fulfill the aspiration of millions of Indians, who have yet not experienced stay in a Luxury Hotel.
As per the market study, less then 2% Indians have experienced stay in a luxury hotel. There ...