V Resorts raises $10 million through Series A funding for their expansion plans
In a bid to expand its presence in India and abroad and improve its experiential services, leading leisure hospitality chain/startup, V Resorts, recently announced the raising of funds worth $10 million in Series A funding. The fresh round of investment is led by various HNIs, which also saw participation of existing investors, including Bedrock Ventures and RB Capital. The companyâ€™s existing portfolio includes over 150 properties spread across 22 states.Through this fresh investment, the company plans 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 significant part of companyâ€™s growth in India will be focused on entrenching markets such as Andhra Pradesh where the company is already in talks with the Andhra Pradesh Government to promote state wide tourism. Besides, with its in-house tech infrastructure, the startup also plans to invest more on the technology platform, in order to provide its customers a 360-degree independent travel experience, and plans to now build its own SAAS products for the hospitality industry.
Talking about the latest funding, Aditi Balbir, Founder and CEO,V Resorts said, â€śOur focus will remain on providing our guests with high-quality unique experiences in new and unexplored destinations. 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.â€ť