Indian co-living startup ZoloStays has raised $56 million in a Series C round of funding, led by global alternative asset manager Investcorp.

Bengaluru-based Zolostays is aiming to lock in more inventory and strengthen its technological infrastructure, to automate more services.

The Series C funding round follows the Series B at $30 million in January 2019, with Series A funding run in January 2017. The company operates 500 properties across 10 cities, planning to double this to meet future demand.

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