Raho Hospitalities raises Rs 20Cr in a seed round from Campus Fund

Bengaluru-based Raho Hospitalities has raised Rs 20 crore in a Seed funding round from Campus Fund to revolutionize the Indian travel and hospitality sector. 

With this round of funding, The startup aims to establish 40 new projects across India by early 2025.

The strategic move is expected to help the company target an annual revenue of Rs 380 Crores within the next five years. 

"The investment in our company by Campus Fund is a shot in the arm for us and portrays the confidence that they have in us and in our business model," said Gautham Somana, a co-founder of Raho Hospitalities.

What does Raho Hospitalities do?

Founded in June 2022 by Sidharth Somana, Simona Mohan, and Gautham Somana, Raho aims to bridge the gap in quality accommodation options in non-urban areas like Coorg, Ooty, and Gokarna.

The startup focuses on providing immersive and affordable travel experiences tailored to the needs of millennials, including solo travellers, young couples, groups of friends, and families seeking enriching vacations.

Addressing the industry gap

Raho plans to use the seed funding to address a noted gap in how millennials prefer to vacation by offering unique accommodations such as homestays, glamp-tents, and prefab units.

These accommodations are designed to be aesthetically pleasing and technologically integrated, ensuring a memorable experience for guests.

“Our groundwork showed that they demand travel options that resonate with their values and interests craving cultural immersion, genuine connections, and a deeper understanding of the locales they visit,” added Gautham Somana.