# ZoloStays Property Solutions Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zolostays-property-solutions-private

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.zolostays.com
- Total disclosed funding: $38M
- Latest round: Series C (Jul 7, 2020)
- Investors on record: 7

## About

ZoloStays Property Solutions Private Limited offers innovative coliving spaces tailored for urban professionals and students, providing flexible living arrangements and a community-oriented experience in major Indian cities.ZoloStays Property Solutions Private Limited, founded in 2015 in Bangalore, India, specializes in coliving solutions. The company has executed a total of 10 deals, with the most recent funding round occurred on July 7, 2020, raising INR 0.420 million in a SERIES C round led by Investcorp, alongside participation from Mirae Asset Venture Investment, Nexus Venture Partners, and Trifecta Capital. The company is co-founded by Anne Bureau, Isha Choudhry, Nikhil Sikri, and Sneha Choudhry, with Nikhil Sikri serving as the CEO.Zolo Coliving is India's premier coliving space provider, offering fully furnished living arrangements designed for urban professionals and students. Their spaces include amenities such as high-speed internet, housekeeping, and community events, addressing the challenges of urban living. Zolo Coliving operates in significant markets across India, including Bangalore, Delhi NCR, Pune, and Hyderabad, catering to a diverse clientele of young professionals, students, and expatriates.In the most recent fiscal year of 2023, ZoloStays generated revenue of INR 11,793,614.90, with an EBITDA loss of INR 6,588,823.10. The company generates revenue primarily through monthly rental agreements based on its subscription model, allowing for flexible living arrangements that cater to varying budgets.Following the SERIES C funding raised on July 7, 2020, ZoloStays aims to enhance its offerings and expand into new markets. The company is exploring the launch of additional coliving spaces tailored to emerging urban areas, with specific projects expected to roll out by the end of 2023. The recent infusion of funding will support these initiatives, allowing ZoloStays to develop new features and improve service delivery, solidifying its presence in the competitive coliving landscape.

## Funding rounds

- Series C, Jul 7, 2020, $0M — Investcorp, Nexus Venture Partners, Trifecta Capital, Mirae Asset Venture Investment
- Series B, Dec 3, 2019, $0.6M — Trifecta Capital
- Series B, Jan 7, 2019, $30M — Nexus Venture Partners, Mirae Asset Venture Investment, Investcorp India Asset Managers, FJ Labs
- Series A, Aug 31, 2018, $2.9M — Nexus Venture Partners
- Series A, Dec 26, 2016, $3.2M — Nexus Venture Partners, NestaVera
- Seed, Aug 19, 2015, $1.5M — Nexus Venture Partners

## Investors

- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Seed, Series A, Series B, Series C
- NestaVera (https://capitalatlas.ai/funds/nestavera) — Series A
- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series B, Series C
- Investcorp India Asset Managers (https://capitalatlas.ai/funds/investcorp-india-asset-managers) — Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B
- Trifecta Capital (https://capitalatlas.ai/funds/trifecta-capital) — Series B, Series C
- Investcorp — Series C