Brij Hotels said that it has raised 4 million Series A round led by the Manipal Education and Medical Group (MEMG) Family Office, with strategic participation from prominent investors including Abhay Jain, Abhiroop Jayanthi (MD of Bain Capital), Rajendra Rao, and Prashant Deshpande.
The company will utilise these fresh investments for its strategic expansion and to further strengthen its presence in the competitive hospitality industry.
Speaking on the fundraise, Udit Kumar and Anant Kumar, co-founders at Brij Hotels said,"At Brij Hotels, our commitment goes beyond providing luxurious stays; it extends to celebrating and empowering the heart and soul of our destinations – the local communities. The essence of our hospitality lies in using the original creative entrepreneurs and artisans, who preserve centuries-old traditions and sustainable practices. We are excited to have the support of investors like the MEMG Family Office, Abhay Jain, Abhiroop Jayanthi, Rajendra Rao, and Prashant Deshpande, who share our vision. With their backing, we're not just expanding; we're on a journey to become a unique storytelling and hospitality destination, offering an authentic, and well-designed experience that connects our guests with the rich heritage of each locale”
Commenting on the investment, Dr Ranjan Pai, chairman of the Manipal Education and Medical Group says “Brij Hotels' blend of luxury and local engagement is a refreshing take for the modern traveller. We believe that under the leadership of Udit and Anant, the Brij team is creating a unique company in leisure travel”.
The Indian consumer landscape is evolving with guests seeking unique experiences that blend luxury with local cultural immersion. According to a report by HVS ANAROCK, the global boutique hotel segment has experienced a remarkable growth rate of over 50 per cent in the last three years. Identifying this interest, Brij aims to deliver immersive experiences in unique locations, preserving the rich heritage of each place while providing a sustainable and experiential stay.
According to a recent report published by Mordor Intelligence, the Hospitality Industry In India Market size is estimated at $24.61 billion in 2024, and is expected to reach $31.01 billion by 2029, growing at a CAGR of 4.73 per cent during the forecast period (2024-2029).
