HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > NewsTrack

FreshUp raises USD 1.5 million through Seed Funding from Lotus Global Investments Ltd.

Plans to introduce micro-stay concept in 20 more locations across South India

Tuesday, November 21, 2017, 16:00 Hrs  [IST]
HBI Staff | Mumbai

India's first micro-stay hospitality chain, FreshUp recently announced that it has raised USD 1.5 million through seed funding from Lotus Global Investments Ltd., a Singapore-based firm. The investment will be used to strengthen and expand its presence across southern states of the country - Andhra Pradesh, Telangana, Tamil Nadu, Kerala and Karnataka. Headquartered in Chennai, FreshUp services are currently available in Hyderabad and Tirupathi.

Revolutionising the lodging experience, FreshUp allows customers to experience a luxurious stay on an hourly basis combined with facilities like 24-hours internet connectivity, luggage drop and pick up, meeting room and many more at affordable pricing. FreshUp centres will be present in pilgrimage cities and nearby airports, providing travellers a space to freshen up while they are on the move.

Vinil Reddy, CEO – FreshUp said, “FreshUp is thoroughly happy to be associated with Lotus Global Investments Ltd. through this funding process. We believe that this progress will impact our business in a positive way and will help us to expand throughout the south in a rapid and phased manner. We are assertive that we will be able to launch at least 20 outlets by the end of next calendar year.”

Mohan Ramalingam, Co-Founder-FreshUp said, "We are very happy to announce this key investment as we make plans for rapid expansion across India. FreshUp’s unique offering is sure to re-imagine and revolutionise the hospitality space and we are very grateful for this opportunity to share our concept with a wider audience."

Lotus Global Investments Ltd said, “We are delighted to announce our investment into Freshup. We believe the two founders, Vinil Reddy and Mohan Ramalingam, have developed a unique concept that will revolutionise the hospitality market, across India, but also into the Asia Pacific region. We are happy to be a part of this groundbreaking journey with them and hope to participate in further funding rounds as the company develops and achieves new heights in the industry.”

Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
* Name :    
* Email :    
* Message :  
»  Ovolo Hotel Group launches global ‘Plant’d’ initiative
»  Pride Hotels Ltd. to expand its footprints to 100 hotels by 2030
»  ITC Ltd.’s Fabelle curates handcrafted Easter Eggs
»  ITC Ltd.’s Fabelle curates handcrafted Easter Eggs
»  Blue Lotus at Sayaji Hotel Kolhapur restarts its All Day Buffet
»  Lemon Tree Hotels Ltd. signs a new property in Rishikesh, Uttarakhand
»  RateGain Industry Report Suggests Strong Momentum in Global Travel Recovery
»  Pilibhit House - IHCL SeleQtions appoints Mani Mohan Pathak as their new Executive Chef
»  Beam Suntory Launches Limited-Edition Bowmore 1965 Precious Metals Exclusively To Global Travel Retail
»  Sarovar Hotels Pvt. Ltd opens Tulip Inn in Koramangala
»  Smaaash Entertainment Pvt Ltd. Appoints Shirish Kotmire as CEO
»  ITC Ltd.’s Fabelle sweetens weddings virtually; becomes India’s first luxury chocolate brand to make its debut on Metaverse
»  UAE’s Lotus Hotels & Apartments adopts Hotelogix cloud Hotel PMS
»  Hospitality businesses need to look within to solve the global climate problem: Joceline Noel Favre-Bulle, Director of Operations, Les Roches Global
»  ‘It is hard to expect a decent business in the first quarter of 2022, but we are optimistic’ : Varun Mohan, General Manager, Hyatt Centric MG
»  Sarovar Hotels Pvt. Ltd. widens Delhi footprint, opens Venizia Sarovar Portico in Model Town
»  Making Tourism Accessible for All : Arindam Basu, General Manager, Marketing Delta Corp Ltd
»  Pride Group of Hotels bags official food caterers order for 'Vibrant Gujarat Global Summit 2022'
»  Grano69 Beverages Pvt Ltd raises USD 360,000 in its seed round of funding
»  Agro Tech Foods Ltd. forays into mini meal kits range
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar

© Copyright 2016 Saffron Synergies Pvt Ltd