ZoloStays raises Rs 26 Cr funding led by Nexus Venture Partners

Nexus Venture Partners has led a Rs 26-crore round of funding in ZoloStays Property Solutions, which owns and operates managed accommodation platform Zolo. The series-A round also includes a venture debt component of Rs 4.5 crore, extended by venture debt firm InnoVen Capital. According to the documents filed by the company with the registrar of companies (RoC), Nexus has been allotted 4,153 series-A preference shares at a premium of Rs 48,300 with a second investor, Nestavera Investment Advisory Solutions, pumping in an additional Rs 1.67 crore.

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