About Promaft Partners
Promaft Partners is a venture capital firm founded in 2024. It is primarily based out of Mumbai, India. As of Apr 2026, Promaft Partners is an active investor, having invested in 2 companies, with 1 new investment in the last 12 months. It primarily invests in Series B round in India based startups. Its investments are spread across a wide range of sectors from Consumer to Travel and Hospitality Tech and Telecom. Most recently it participated in the $***** Series B round of The Hosteller A lot of funds co-invest with Promaft Partners, with names like Accel sharing a substantial percentage of its portfolio. Promaft Partners has team of 5 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B
Deals in last 12 months
Promaft Partners' List of All Investments
Promaft Partners has a portfolio of 2 companies. Their most notable investmentis in The HostellerTheir portfolio spans across and India. They have invested in Consumer, Travel and Hospitality Tech, Telecom, across Series B stage. Here is the list of all investments by Promaft Partners:1. Wiom
Provider of wifi internet services. The company operates under the PM-WANI framework, enabling individuals and small ISPs to share their home broadband connections as public Wi-Fi hotspots. It provides unlimited internet to middle and lower middle income households. It also provides home broadband connection services.
Key facts about Wiom
Provider of backpacker hostels with dormitory system accommodation in various locations. It offers a range of dormitories and private rooms in multiple locations. The company operates a chain of backpacker hostels that cater to budget-conscious travelers, providing amenities such as free WiFi, air-conditioned rooms, and breakfast. It bridges the gap between accessible travel and enthusiastic travelers. It prioritizes cleanliness, safety, and comfort in its properties.
Key facts about The Hosteller
- Founded Year: 2014
- Location: Mumbai (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $22.1M
- Employee Count: 963 as on Mar 31, 2026
- Investors: Verlinvest, BlackSoil and 79 Others
- Latest Funding Round: Series B, Apr 16, 2026, $*****
- Highlight: Editors' Pick
Promaft Partners' Year-on-Year Investment Trends
Promaft Partners has invested in The Hosteller in 2026 and Wiom in 2025. In 2025, it made 1 investment, while as of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in The Hosteller.Promaft Partners' Investments by Stage
Promaft Partners has made 2 investments in Series B stage with an average round size of $28M.Promaft Partners' Investments by Sector
Promaft Partners has a diverse portfolio, with companies operating in the Consumer, Telecom and Travel and Hospitality Tech. Notably, it has invested in 2 Consumer (B2C) companies and 1 Tech company.Sector | No. of Investments |
|---|---|
Consumer | 1 |
Telecom | 1 |
Travel and Hospitality Tech | 1 |
Note: We have considered here, only first round of investments
Promaft Partners' Investments by Geography
Promaft Partners has made most investments in India (2).Promaft Partners' recent investments
Promaft Partners has made 1 investments in 2026 so far - The Hosteller.Here are the most recent investments by Promaft Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 16, 2026 | India | Series B | 9598 | [+2] | |
Jun 18, 2025 | India | Series B | 5458 | [+7] |
Team profile of Promaft Partners
Promaft Partners has a team of 5 members including 4 Partners and 1 Principal located in India and Singapore. Promaft Partners' team does not sit on the board of any company as of now.Here is a list of all team members in Promaft Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | - | ||
Partner | Mumbai | - | ||
Partner | India | - | ||
Partner | Singapore | - | - | |
Principal | Mumbai | - | - |
Co-investors of Promaft Partners
Over the past year, 108 investors have co-invested in Promaft Partners's portfolio companies. This includes funds and angels.
- Invested before Promaft Partners: Kavit Sutariya, RTP Global and 97 others have invested in rounds before Promaft Partners. There is 1 company where Kavit Sutariya has invested before Promaft Partners and 1 company where RTP Global has invested before Promaft Partners.
- Top Co-investors of Promaft Partners: 9 investors entered a company along with Promaft Partners. These include investors like Accel (1 company).
Recent News related to Promaft Partners
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The Hosteller raises Rs 150 Cr in Series B funding roundYourStory•Apr 16, 2026•The Hosteller, Promaft Partners, V3 Ventures, ITI Growth Opportunities and 1 other
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Wiom secures USD 40 Million in a new funding round led by Bertelsmann India Investments and AccelEnablers•Jun 26, 2025•Wiom, Bertelsmann India Investments, Accel, Prosus and 2 others
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VC boom: New firms reshape startup funding in 2024Financial Express•Dec 23, 2024•MudhalVC, Playbook Partners, Bluegreenventuresllc, Promaft Partners
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