Key Metrics
  • No. of Employees1126
  • Founded Year 2015
  • Company StagePrivate Limited Company
  • Total Funding₹863.2 Cr
  • Industry

  • Headquarter
  • Company StatusActive
About Zolo

​Zolostays, established in 2015 by Dr. Nikhil Sikri, Sneha Choudhry, and Akhil Sikri, has emerged as India's largest co-living brand, offering fully managed accommodations tailored for students, professionals, and urban dwellers seeking hassle-free living. With a presence in over 19 cities, Zolostays combines comfort, convenience, and community through its diverse portfolio, including Zolo Scholar for student housing, Z-Express for short-term stays, Z-Vacations for luxury getaways, and Zeassetz, a real estate investment platform. The company's mission is to revolutionize modern living by creating vibrant communities through technology-driven solutions, ensuring high-quality and enjoyable experiences for all residents. From its humble beginnings in a garage to becoming a profitable enterprise, Zolostays continues to redefine urban living standards across India.

Business Model

Zolostays operates a managed co-living platform, offering fully-furnished rental accommodations to students and working professionals. It follows an asset-light model, where it partners with property owners, leases or manages their properties, and transforms them into branded, serviced living spaces. Revenue is generated through monthly rental payments from tenants, while value is added via amenities such as food, Wi-Fi, housekeeping, and community events. The model focuses on standardized living experiences, leveraging technology for booking, management, and tenant engagement.

Top Competitors
SL
Stanza LivingU45309DL2017PTC313505
CO
ColiveU74900KA2016PTC085871
IS
IshtaraU55204TZ2017PTC028877
GR
GrexterU74930KA2015PTC128733
Zolo Funding Details
Funding Highlights
Latest Funding RoundSeries C
Total Funding Raised₹863.2 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors2
Investors
  • Nexus Ventures, Investcorp
Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
Zolo Financial Details
Financial Highlights
FY 2023-24 Revenue₹209.24 Cr
FY 2023-24 Expenses₹266 Cr
FY 2023-24 Profit/Loss-₹56.76 Cr
Net Cash Flow From Operations-₹28.71 Cr
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Shareholding Structure
Team at TheKredible has gone through several ROC filings and portrayed Shareholding Structure of the company.
₹499.00 ₹998.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
Zolo Key People
People Metrics
Current Core Team3
Board Members/Directors4

Core Team

NS
Nikhil SikriCo-Founder & CEO
SC
Sneha ChoudhryCo-Founder
AS
Akhil SikriCo-Founder

Board Members/Directors

NS
NIKHIL SIKRIDirector
GS
GAURAV SHARMANominee Director
SV
SAMEER VERMANominee Director
AS
AKHIL SIKRIDirector
Zolo Documents

AY - 2019-20

Profit and Loss statement - Zolo - 2019-20.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Zolo for FY 2019-20.
₹249.00 ₹498.00
Balance Sheet - Zolo - 2019-20.pdf
TheKredible's experts has summarized the Balance Sheet of Zolo for FY 2019-20.
₹249.00 ₹498.00

AY - 2020-21

Profit and Loss statement - Zolo - 2020-21.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Zolo for FY 2020-21.
₹249.00 ₹498.00
Balance Sheet - Zolo - 2020-21.pdf
TheKredible's experts has summarized the Balance Sheet of Zolo for FY 2020-21.
₹249.00 ₹498.00

AY - 2021-22

Profit and Loss statement - Zolo - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Zolo for FY 2021-22.
₹249.00 ₹498.00
Balance Sheet - Zolo - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of Zolo for FY 2021-22.
₹249.00 ₹498.00

AY - 2022-23

Profit and loss statement - Zolo - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Zolo for FY 2022-23
₹249.00 ₹498.00
Balance sheet - Zolo - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of Zolo for FY 2022-23
₹249.00 ₹498.00

AY - 2023-24

Profit and loss statement - Zolo - 2023-24.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Zolo for FY 2023-24
₹249.00 ₹498.00
Balance sheet - Zolo - 2023-24.pdf
TheKredible's experts has summarized the Balance Sheet of Zolo for FY 2023-24
₹249.00 ₹498.00

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