Istara, which is a co-living brand and in the food court, said it has raised $10 million (₹81 crore) in fresh funding led by Dubai-based Eagle Investments. The current funding round has brought Istara’s total fund-raise to approximately $21 million.
It said it will deploy the new funds to enter the B2C retail food court space and expand its presence in the co-living sector. The firm is planning to start food courts in retail locations like malls.
“The funding we have raised will enable us to build out our B2C portfolio, aggressively grow our operations in the retail food court market and become the market leader in the segment,” said Gilbert James, Istara promoter and MD.
“We will also look to strategically expand our co-living presence across the country, and continue to disrupt the space by growing our tech-enabled co-living solutions,” he added.