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Isprava raises $130 million funding

Isprava

Mumbai, April 11, 2022: The Isprava Group (Isprava and Lohono Stays) has raised USD 130 million in a recent funding round led by marquee family offices including the Nadir Godrej Family Office, the Burman Family Office and others. According to a press release issued by the company, the capital has been raised as a combination of corporate level equity and project level equity. 

The Isprava Group, founded by Nibhrant Shah, Dhimaan Shah and Rohan Lamba, currently operates two companies – Isprava and Lohono Stays. 

Speaking on the occasion 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.”

Dhimaan Shah, Co-founder and COO, Isprava Group, further added, “The demand for luxury real estate and unique experiences among HNIs has grown exponentially over the last several years. Both Isprava and Lohono Stays have firmly established themselves as the category leaders in their respective industries. We believe the market for both these businesses is going to expand rapidly and we have built a solid foundation on which both the companies are ready to grow even more exponentially over the next several years. 

Sharing his thoughts on the funding, 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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