Luxury home developer Isprava raises $130M as growth capital 1

Isprava

Isprava and Lohono Stays, the child companies of The Isprava Group, have raised $130 million in a funding round. The round was led by marquee family offices, including the Nadir Godrej Family Office, the Burman Family Office, and more.

The growth capital has been raised as a combined corporate level equity and project level equity. With this round, both the companies will continue to drive tremendous growth across their business verticals.

The company was founded by Nibhrant Shah, Dhimaan Shah and Rohan Lamba in the year 2013.

Isprava is a non-urban, luxury home developer that holds over 110 projects worth more than $200 million in Goa, Alibaug, the Nilgiris, and Kasauli.

If we talk only about Lohono Stays, it is a luxury homestay and hospitality company that has over 105 properties in India spread across 15 locations and over 250 properties in South East Asia (Bali, Phuket, etc.).

EXECUTIVE OPINION:

Nibhrant Shah, Co-founder and CEO Isprava Group, said, “We have witnessed exponential growth for both 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.”

Aditya Burman, Director, Dabur India Ltd, revealed, “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.”

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Luxury home developer Isprava raises $130M as growth capital 1

Tags : Isprava

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