Zolo Sells Student Accommodation Business For INR 108 Cr

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SUMMARY

The board of Zolo approved the startup’s proposal to sell its student accommodation vertical to Good Host Spaces on February 10

90% of the consideration (INR 97.02 Cr) will be payable in cash, while the remaining 10% (INR 10.78 Cr) in optionally convertible dentures

The sale will enable Zolostays to focus on business operations and pursue growth opportunities

Bengaluru-based coliving spaces provider Zolo is set to sell its student accommodation business to Mumbai-based Good Host Spaces Management Services for INR…



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Zolo Sells Student Accommodation Business For INR 108 Cr


SUMMARY

The board of Zolo approved the startup’s proposal to sell its student accommodation vertical to Good Host Spaces on February 10

90% of the consideration (INR 97.02 Cr) will be payable in cash, while the remaining 10% (INR 10.78 Cr) in optionally convertible dentures

The sale will enable Zolostays to focus on business operations and pursue growth opportunities

Bengaluru-based coliving spaces provider Zolo is set to sell its student accommodation business to Mumbai-based Good Host Spaces Management Services for INR…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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