A backpacker hostel chain, The Hosteller raises $4 million from V3 Ventures, others

The funds will be used for expansion, with the company planning to grow its presence to more than 150 locations across India over the next 24 to 30 months. The Hosteller operates in 60 locations across the country, including metros cities and scenic spots in Himachal Pradesh, Uttarakhand, Karnataka and beyond.