Stay Simple Resorts raises Rs 5 crore

BENGALURU: Stay Simple Resorts, an operator of midbudget hotels, has raised Rs 5 crore in angel funding from the family office of Shalini and Sudhir Sethi and Praveen Someshwar, the AsiaPac sales head for Pepsi-Co, reports Shonali Advani.

“The money raised will be used to launch nine new properties across four states,” said Gopalkrishna Kulkarni, MD of Stay Simple.