Tribe Stays plans to raise $10 million in Pune

Tribe Stays plans to add over 20,000 beds in Pune, Bengaluru, and the National Capital Region . The company plans to raise about USD $10 million for its expansion plans .

PUNE: Tribe Stays, a city-based provider of housing for students and working professionals, intends to add over 20,000 beds in Pune, Bengaluru, and the National Capital Region (NCR), among other locations, and raise about USD $10 million for its expansion plans.According to Shantam Mehra, co-founder of Tribe Stays, we have raised USD 1.5 million in private equity and structured loans and expect to raise another USD 10 million.