Leisure hospitality startup V Resorts raises $10 million in fresh series of funding; plans overseas expansion
V Resorts, with its in-house tech infrastructure, also plans to invest more on the technology platform, giving customers a 360-degree independent travel experience.
Leisure hospitality start-ups V Resorts has raised $10 million in Series A funding to mark their next phase of growth. V Resorts has over 150 properties spread across 22 states. Through this investment, the company has planned to expand its footprint in India and also enter new markets across South Asia and the Middle-East, with a target of reaching 1000+ properties and 15,000+ rooms in the next three years. The fresh round of investment is led by various HNIs. Existing investors, including Bedrock Ventures and RB Capital, also participated in the round.
V Resorts, with its in-house tech infrastructure, also plans to invest more on the technology platform, giving customers a 360-degree independent travel experience, and plans to now build its own SaaS products for the hospitality industry.
V Resorts was founded by ISB Hyderabad alumnus Aditi Balbir back in 2014. The company claims to have created its own niche within India’s Micro-Tourism sector, bringing-in specialised facilities management services for property owners, and managing the end-to-end holiday experience of each customer.
With the impact created at an individual resort level, the model has a potential of reaching $1 billion in terms of local community impact over the next 10 years.
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Talking about the latest funding, Aditi Balbir, Founder and CEO, V Resorts said, “ Excellence in product delivery can only be developed through training and we plan to strengthen that aspect of our work as well. We shall also broaden our association with local women communities, standing true to our commitment on creating women entrepreneurs at every level.”