Bengaluru-based Raho Hospitalities has announced securing seed funding of INR 2 crore from Campus Fund. The company, mentored by Brigade REAP, plans to utilize the funds to expand its footprint with an additional forty projects across India by early 2025.
Raho Hospitalities is revolutionizing the travel landscape by offering meticulously designed, hospitable, and immersive travel experiences at competitive prices.
Catering primarily to millennials, including solo travelers, young couples, friend groups, and young families, Raho aims to deliver meaningful travel adventures. The company sets a target of achieving a yearly revenue of Rs 380 Crores within the next five years.
Expressing gratitude for the investment, Gautham Somana of Raho Hospitalities stated, “The backing from Campus Fund is a significant endorsement of our business model and vision.
This infusion of funds marks a pivotal moment for us, empowering our mission to expand to 40 properties nationwide by early 2025. Recognizing the evolving preferences of millennials, we are committed to providing tailored travel options that resonate with their values and interests, focusing on cultural immersion, genuine connections, and deeper local experiences.”
Commenting on the development, Abhay Garg, Head and Chief Mentor at Brigade REAP remarked, “Raho exemplifies the disruptive and innovative startups we nurture at Brigade REAP. With their clear business objectives and unique approach, we anticipate growing investor interest in the future.
We remain committed to supporting Raho on their journey, facilitating connections with investors and industry leaders to refine their market strategy and fuel their growth.”
With a successful debut project in Coorg and ambitious expansion plans, Raho Hospitalities is not just capitalizing on the travel trend but is also setting new benchmarks in the hospitality sector.
The company’s dedication to crafting unique stays, aesthetic design, and personalized experiences distinguishes it in the competitive market landscape.
