{"id":7724,"date":"2017-11-23T03:40:01","date_gmt":"2017-11-23T03:40:01","guid":{"rendered":"http:\/\/faceinews.com\/?p=7724"},"modified":"2017-11-23T03:40:01","modified_gmt":"2017-11-23T03:40:01","slug":"freshup-raises-1-5-million-through-seed-funding-from-lotus-global-investments-ltd","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=7724","title":{"rendered":"FreshUp raises\u00a0$1.5\u00a0million through Seed Funding from Lotus Global Investments Ltd."},"content":{"rendered":"

Plans to introduce micro-stay concept in 20 more locations across South India<\/em><\/p>\n

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\"Faceinews<\/a><\/p>\n

Chennai, 21\u00a0November,\u00a02017:\u00a0<\/strong>India’s first micro-stay hospitality chain, FreshUp today announced that it has raised $1.5 million through seed funding from Lotus Global Investments Ltd., a Singapore based firm. The investment will be used to strengthen and expand its presence across southern states of the country – Andhra Pradesh, Telangana, Tamil Nadu, Kerala and Karnataka. Headquartered in Chennai, FreshUp services are currently available in Hyderabad and Tirupathi.<\/p>\n

FreshUp is the first start-up to introduce micro stay concept in India which is specifically designed for the single day traveller. Revolutionising the lodging experience altogether, it allows customers to experience a luxurious stay on an hourly basis combined with top-notch facilities like 24-hours internet connectivity, luggage drop and pick up, meeting room and many more at affordable pricing. FreshUp centres will be present in pilgrimage cities and nearby airports, providing travellers a space to freshen up while they are on the move.<\/p>\n

Mr. Vinil Reddy, CEO \u2013 FreshUp<\/strong>\u00a0said, \u201cFreshUp is thoroughly happy to be associated with Lotus Global Investments Ltd. through this funding process. We believe that this progress will impact our business in a positive way and will help us to expand throughout the south in a rapid and phased manner. We are assertive that we will be able to launch at least 20 outlets by the end of next calendar year.\u201d<\/p>\n

Mr.Mohan Ramalingam, Co-Founder-FreshUp<\/strong>\u00a0said, \u2018We are very happy to announce this key investment as we make plans for rapid expansion across India. FreshUp\u2019s unique offering is sure to re-imagine and revolutionise the hospitality space and we are very grateful for this opportunity to share our concept with a wider audience\u2019<\/p>\n

Lotus Global Investments Ltd\u00a0<\/strong>said, \u201cWe are delighted to announce our investment into Freshup. We believe the two founders, Vinil Reddy and Mohan Ramalingam, have developed a unique concept that will revolutionize the hospitality market, across India, but also into the Asia Pacific region. We are happy to be a part of this groundbreaking journey with them and hope to participate in further funding rounds as the company develops and achieves new heights in the industry.<\/p>\n

About FreshUp<\/u><\/strong>:<\/strong>\u00a0FreshUp is a venture by Fresh Minds Services Pvt. Ltd. which is a 21st century next generation start-up, founded by a group of innovative entrepreneurs who want to make a difference in society by addressing traditional problems with innovative, technology oriented and revolutionized thought process. Set up in early 2017 with an aim to offer travellers a space to freshen up while they are on the move. FreshUp provides travellers access to top-notch services like 24-hours internet connectivity, luggage drop and pick up, meeting room and many more on hourly basis. Visitors can book the facilities online just by logging on to the website.<\/p>\n

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Plans to introduce micro-stay concept in 20 more locations across South India Chennai, 21\u00a0November,\u00a02017:\u00a0India’s first micro-stay hospitality chain, FreshUp today announced that it has raised $1.5 million through seed funding from Lotus Global Investments Ltd., a Singapore based firm. The investment will be used to strengthen and expand its presence across southern states of the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-7724","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/7724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7724"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/7724\/revisions"}],"predecessor-version":[{"id":7725,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/7724\/revisions\/7725"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}