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 ITI Growth Opportunities sharing a substantial percentage of its portfolio. Promaft Partners has team of 8 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:
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: $22.4M
- Employee Count: 963 as on Mar 31, 2026
- Investors: Verlinvest, BlackSoil and 80 Others
- Latest Funding Round: Series B, Apr 16, 2026, $*****
- Highlight: Editors' Pick
2. 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
- Founded Year: 2015
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $65.1M
- Employee Count: 237 as on May 31, 2025
- Investors: Prosus, Bertelsmann India Investments and 42 Others
- Latest Funding Round: Series B, Jun 18, 2025, $*****
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 | 2805 | [+2] | |
Jun 18, 2025 | India | Series B | 8462 | [+7] |
Team profile of Promaft Partners
Promaft Partners has a team of 8 members including 4 Partners and 4 Principals located in India, United States and 1 more location. 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 | - | - | ||
Partner | Singapore | - | - | |
Principal | Mumbai | - | - | |
Principal | Mumbai | - | ||
Principal | Tempe | - | ||
Principal | Bengaluru | - |
Co-investors of Promaft Partners
Over the past year, 109 investors have co-invested in Promaft Partners's portfolio companies. This includes funds and angels.
- Invested before Promaft Partners: Aksa Hospitality Llp, Deepali Mahajan and 98 others have invested in rounds before Promaft Partners. There is 1 company where Aksa Hospitality Llp has invested before Promaft Partners and 1 company where Deepali Mahajan has invested before Promaft Partners.
- Top Co-investors of Promaft Partners: 9 investors entered a company along with Promaft Partners. These include investors like ITI Growth Opportunities (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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Former Alibaba, 9unicorns Executives Float Vc Firm Promaft Partners, Launch Inr 1,000 Cr FundInc42•Jul 18, 2024•Promaft Partners, 100Unicorns, Bessemer Venture Partners
