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Venture Capital | 15 October 2012

VentureNursery's Angels Invest In Oravel Stays

by Charmi Gutka
VentureNursery's Angels Invest In Oravel Stays
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Oravel Stays, an online short-stay accommodation listing venture has raised seed investment from VentureNursery, an angel-backed start-up accelerator.

The funds raised will be used to expand team, technology and network.

The promoters of seven-month-old VentureNursery, Shravan Shroff - founder of Fame Cinemas, and Ravi Kiran, former CEO - South East & South Asia - Starcom MediaVest Group, participated in the investment round along with a group of eight angels.

The angels include Anand Ladsariya, MD of Everest Flavours, Amit Patni, co-founder and chairman of Nirvana Venture Advisors and Bharat Banka, CEO of Aditya Birla Private Equity. Amit Patni and Bharat Banka invested in their personal capacity, according to ET.

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