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March 09, 2014

Deal Alert: Oravel Stays raises funding from Lightspeed Ventures: report

Delhi-based Oravel Stays, which runs short-stay accommodation portal Oravel.com, has received funding from Lightspeed Venture Partners. Oravel had raised seed funding from angel investors like Fame Cinemas founder Shravan Shroff, former Starcom MediaVest Group South East & South Asia CEO Ravi Kiran, Everest Flavours managing director Anand Ladsariya, Nirvana Venture Advisors co-founder and chairman Amit Patni and Aditya Birla Private Equity CEO Bharat Banka. 

The company, founded in 2012, was also part of the first batch of VentureNursery’s accelerator program and Oravel CEO Ritesh Agarwal had received a $100,000 grant as part of 2013 Thiel Fellowship program in October 2013, which he has invested in the venture. 

Source: MediaNama 
 
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