Zolo Sells Student Accommodation Business For INR 108 Cr

The board of Zolo approved the startup’s proposal to sell its student accommodation vertical to Good Host Spaces on February 10

90% of the consideration (INR 97.02 Cr) will be payable in cash, while the remaining 10% (INR 10.78 Cr) in optionally convertible dentures

The sale will enable Zolostays to focus on business operations and pursue growth opportunities

Bengaluru-based coliving spaces provider Zolo is set to sell its student accommodation business to Mumbai-based Good Host Spaces Management Services for INR…