HotelYaari, a platform specializing in fractional ownership of holiday homes and hotel suites, has successfully raised $2.17 million (approximately Rs 18 crore) in seed funding from Alios Ventures. The entire investment will be distributed in three equal installments over the next three quarters.

Founded in May 2023 by Janardan Tiwari, former Founder and CEO of DataTrained, HotelYaari aims to provide an investment opportunity in holiday homes and hotel suites to the middle class. This concept of fractional ownership resembles models like Pacasso in the United States and Kocomo in Mexico, enabling individuals to access such properties cost-effectively, even if they cannot afford to purchase entire properties.

“The investment will be used to further develop the platform and hire more personnel to cater to the demand for fractional ownership of holiday homes and hotel suites,” said Janardan Tiwari, founder and chief executive officer, of HotelYaari.