Youth Travel Hostel Startup goStops raises Angel Funding from Atraxn Partners

Full stack youth hostel startup goStops has raised undisclosed amount of capital from Angel Investment firm Atraxn Partners. Based in New Delhi, goStops is a premium chain of youth hostels catering to the millennials, especially those who fall under the category of backpackers. Pallavi-Agarwal-and-Pankaj-Parwanda-Founders-of-goStops Gostops co-founders Pallavi Agarwal and Pankaj Parwanda said that following the latest funding from…

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Hyderabad based Hospitality Firm Drags Oyo to NCLT: Report

Conclave Infratech, a hospitality firm headquartered in Hyderabad, has moved an insolvency application in National Company Law Tribunal’s (NCLT) Ahmedabad chapter against Oravel Stays – the parent company of Oyo Rooms. Image Source: Ritesh Agarwal's official Twitter handle According to Economic Times (ET), Conclave Infratech has moved the insolvency application citing breach of contract by Oyo.         Conclave…

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Weekly Funding Roundup: Investors pour huge Capital in BharatPe and Rupeek

In the wake of growing chorus around economic slowdown and impact of coronavirus, this week investor’s appetite for funding promising startups remained pretty resilient. The week witnessed some big funding rounds, after quite a few well known startups from fast rising sectors like fintech, healthcare and other sectors managed to get big funding cheques from investors.   Here…

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Vogo Secures $20 Mn in Series C Round led by LGT Lightstone Aspada

Vogo, which operates dock based scooter sharing platform, has raised $20 Mn from LGT Lightstone Aspada and clutch of existing investors. Image courtesy: Vogo.in Existing investors that participated in this round included Matrix Partners India, Kalaari Capital and Stellaris Venture Partners. Vogo will use the funds for expansion across domestic market and to further ramp up its IOT…

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Vijay Shekhar Sharma backed AjnaLens raises $1.5 Mn in pre-Series A Round

AjnaLens, Augmented reality startup owned by Dimension NXG Pvt. Ltd, has raised $1.5 Mn in a pre-Series A round. Maharashtra Defence and Aerospace Venture Fund (MDAVF) led the round while several HNI investors including Nailesh Khimji, Chirayu Khimji, Jay Jesrani & Mohsin Group also participated in the round. AjnaLens raises $1.5 Mn in pre-Series A Round led…

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