Zolostays, the largest co-living startup and category leader in India, has appointed Sidhartha Mehra as its Chief Financial Officer. Mehra will be responsible for leading and overseeing Zolo’s financial operations with a sustainable financial model, in line with the company’s growth strategy.
Mehra brings with him 19 years of experience in financial management, planning and finance transformation. Commenting on his new role, Mehra said, “I am delighted to be working with a strong and committed team with focused objectives and set goals. I look forward to a successful and fulfilling journey with Zolo. My role will largely focus on financial management and strengthening the position of Zolo in every market and I am looking forward to that.” Mehra will be based out of Bengaluru.
Commenting on the new appointment, Nikhil Sikri, CEO & Co-Founder, Zolostays, said, “We are very excited to have Sidhartha Mehra join Zolo. He will work closely with me and will be an important member of Zolo’s leadership team as we continue to expand our presence to more cities nationally as well as globally. We are confident that his leadership, financial and accounting experience will benefit Zolo and its employees as well as our shareholders. I look forward to a wonderful journey ahead and developing a close and productive working relationship with Mehra”.
Zolostays currently operates 350+ properties across 10 cities viz. Bangalore, Chennai, Kota, Delhi NCR, Mumbai, Coimbatore, Pune, Gurugram, Noida and Hyderabad via two kinds of models – Zolo Standard and Zolo Select. Zolostays has 45,000 live beds and locked-in 2,00,000 beds for the near future. Its target customers are students and early professionals.
Founded in 2015, Zolo is making strong headway into managed living, offering their customers liberty to customize their stay at any Zolo property. Zolo’s offerings are fun, flexible and functional which ensure a comfortable stay and plenty of activities for its residents to form stronger bonds as a community. Zolo has also conducted over 80+ activities in the past one month such as World Cup screenings, movie nights, yoga sessions, Zumba classes, karaoke sessions, comedy nights, poetry nights, food fests and Bollywood nights across their properties. These shared community experiences are what makes co-living fun and engaging for millennials.