Indian hospitality company Bloom Hotels, based in Delhi, is in the process of raising Rs 77.7 crore (around $9 million) in its first funding round of 2025 from Samena Capital Limited and Ikonika Holdings.
- Bloom Hotels raises Rs. 77.7 crore ($9M) in first 2025 funding round from Samena Capital and Ikonika Holdings for expansion.
- The Delhi-based hospitality company posts 5X revenue growth, rising from Rs. 49 Crore in FY22 to Rs. 250 Crore in FY24 with ₹14 Cr net profit.
- Bloom Hotels, operating 50+ properties across Mumbai, Pune, Udaipur, Jaipur, and NCR, eyes Rs. 400 Crore funding, approaches General Atlantic.
According to a filing with the Registrar of Companies (RoC), the board of Bloom Hotels has approved a special resolution to issue 7.77 crore compulsory convertible preference shares to raise the above amount.
It said that the proceeds will be used for its growth and expansion plans in its filing.
Also Read: Clean-label Snacking Brand Khari Foods Nets $350K Seed Fund
The hospitality company operates the Bloom Hotel, Bloom Hub, BloomSuites and Bloomrooms brands. It currently operates over 50 hotels in cities such as Mumbai, Pune, Udaipur, Jaipur, and NCR.
According to media reports, Bloom Hotels is looking to raise Rs. 400 crore from private equity investors and has contacted General Atlantic as part of the process. The company had previously raised around Rs. 362 crore (~$45 million) from Samena Capital, which is a majority stake in the company.
Bloom Hotels has not yet filed its financials for FY25. Nonetheless, the company has experienced 5X revenue growth in the previous two years, expanding revenue from Rs. 49 crore in FY22 to Rs. 250 crore in FY24, while also recording a net profit of Rs. 14 crore for the fiscal year ending March 2024.
It competes with Treebo Hotels and FabHotels (who had operating revenues of Rs. 88.6 crore and Rs 224 crore, respectively in FY24), in addition to emerging competitors such as Salt Stayz and larger competitors, including Oyo through its Sunday Hotels.
Indian hotel industry continues to rebound; Bloom Hotels is positioning itself as a key growth player focused on affordable luxury, scalable operations, and high-margin city hotels.
