Mumbai, India-based Luxury homestay and hospitality company Isprava Group raised USD 130 million in the latest round of funding on April 11, 2022. Marquee family offices, such as the Nadir Godrej Family Office, the Burman Family Office, and others, led the funding for the company.
The Isprava Group is the parent company of Isprava and Lohono Stays.
Purpose of Funding for Isprava Group
Isprava raised the growth capital as a combination of corporate-level equity and project level equity.
With the latest round of financing, both Isprava and Lohono Stays will continue to drive tremendous growth across their business verticals. The company earlier raised funds in early 2017 and 2019.
What the founders have to say
Nibhrant Shah, Co-founder and CEO of the Isprava Group, said, “We have witnessed exponential growth for Isprava and Lohono Stays in the last few years. These funds raised will help us further delight our customers, scale both businesses and build out our tech stack. We are excited to continue to grow both companies and ensure that they continue to be loved by their customers.”
In addition, Dhimaan Shah, Co-founder and COO of the Isprava Group, said, “The demand for luxury real estate and unique experiences among HNIs has grown exponentially over the last several years. Both Isprava and Lohono Stays have firmly established themselves as category leaders in their respective industries. We believe the market for both these businesses will expand rapidly, and we have built a solid foundation on which both the companies are ready to grow even more exponentially over the next several years.”
What the investors have to say
Aditya Burman, Director at Dabur India Ltd, said, “Isprava and Lohono are redefining luxury second homes and hospitality in India. They have managed to execute flawlessly, and that too at scale. They are well-positioned to capture market share across India and continue to grow exponentially. We, as a family, are thrilled to have been a part of this journey as investors.”
About the company
Nibhrant Shah, Dhimaan Shah and Rohan Lamba brought the Isprava Group into existence in 2013. The Group operates two companies — luxury home developer Isprava and luxury homestay company Lohono Stays.
It is a non-urban, luxury home developer with over 110 projects worth over USD 200 million. Its operations spread across Goa, Alibaug, the Nilgiris, and Kasauli.
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