Bloom Hotels to raise $9 Mn in new round

Delhi-based Bloom Hotels is set to raise Rs 77.7 crore (~$9 million) in its first funding round of 2025, with participation from Samena Capital Limited and Ikonika Holdings. The funds will support the company's growth and expansion plans. Bloom Hotels operates over 50 properties across various Indian cities and has seen significant growth, with revenues increasing from Rs 49 crore in FY22 to Rs 250 crore in FY24, and a net profit of Rs 14 crore in FY24. The company is also exploring raising an additional Rs 400 crore from private equity investors.