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ZoloStays Property Solutions Pvt. Ltd.

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ZoloStays Property Solutions Pvt. Ltd.
ISIN🆔
IndustryHousing and co-living
Founded 📆July 2015 in Bangalore, India
Founders 👔Dr Nikhil Sikri
Sneha Choudhry
Akhil Sikri
Isha Choudhry
Headquarters 🏙️1190, 22nd Main, Sector 3, HSR Layout,
Bangalore, Karnataka
Number of locations
10
Area served 🗺️
Key people
  • Dr.Nikhil Sikri (CEO)
  • Akhil Sikri (CTO)
  • Sneha Choudhry (CBO)
  • Isha Choudhry (CPO)
  • Ajay Singh (CGO)
  • Abhishek Lahiri (CSO)
  • Amar Choudhary (COO)
Revenue🤑 INR 27 Cr (FY 2018)
Members
Number of employees
600+
🌐 Website[Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] 
📇 Address
📞 telephone

Zolo Stays, is an Indian co-living startup based out of Bangalore, offering rental accommodation in the form of co-living spaces to young professionals and students.[1] Operating in Bangalore, Chennai, Coimbatore, New Delhi, Gurugram, Hyderabad, Kota, Noida, Mumbai),and Pune, the company provides flats and shared accommodations.[2] A Series B funded company, it employs 600+ associates. The company was founded in 2015 byDr. Nikhil Sikri, Sneha Choudhry and Akhil Sikri in Bangalore, and now has properties in ten cities with its headquarters in Bengaluru.

About the Company[edit]

The company was started by Dr. Nikhil Sikri, Sneha Choudhry and Akhil Sikri in July 2015, with a capital of Rs. 30 lakhs.[3] They first began operations in Bangalore and quickly expanded to other cities which have a significant student and working crowd such as Chennai, Gurgaon, New Delhi, Pune, Hyderabad, Kota, Coimbatore, and Mumbai. They currently have 300+ properties in 10 cities and are the largest player in the category.

Product[edit]

Standard[edit]

Zolo Standard properties are standalone buildings with 60-80 rooms that have amenities such as WiFi, TV, Food, Laundromats, Housekeeping etc. This is the pocket-friendly variant location that is provided by Zolo.[4]

Select[edit]

Zolo Select are towers in gated societies which have been taken over by Zolo, where one has amenities such as swimming pool, basketball court, tennis court, gym, home theatre, etc. In addition to WiFi, TV, Food, Laundromats, Housekeeping.[5]

Funding History[edit]

In January 2017, Zolo raised ₹26 crore in their Series A funding. Their major investors were venture capital investors Nexus Venture Partners. In January 2019, Zolo raised over ₹214 crore in its Series B funding[6] led by Nexus Venture Partners, IDFC Alternatives and Mirae Asset.

References[edit]

  1. "Zolo Stays Reckons to Turnaround Existing PG Accommodation Market in India". BW Hotelier.
  2. Sikri, Nikhil (5 July 2018). "Five Reasons Why Millennials Should Opt For a Co-living Space". Entrepreneur.
  3. "This Bengaluru-based startup is redefining PG accommodation". The Week.
  4. http://bwhotelier.businessworld.in/article/Zolo-Stays-Reckons-to-Turnaround-Existing-PG-Accommodation-Market-in-India/19-11-2018-164341/. Missing or empty |title= (help)
  5. http://bwhotelier.businessworld.in/article/Zolo-Stays-Reckons-to-Turnaround-Existing-PG-Accommodation-Market-in-India/19-11-2018-164341/. Missing or empty |title= (help)
  6. Kar, Sanghamitra (7 January 2019). "ZoloStays raises $30 million in Series B funding" – via The Economic Times.

External Links[edit]

Made this article more informative and also added more relevant sources[edit]

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