Funding · Commerce & Consumer Brands

Moustache taps PwC to raise fresh capital

By Startup Enthusiast · 4 September 2026

What they do

Moustache runs a hospitality chain featuring backpacker hostels, mid-scale boutique hotels, and luxury holiday properties across India

The business hired PwC to secure ₹30-35 crore from family offices over four to five months for rapid growth

Leadership targets roughly 100 operating properties by next year's end and an eventual stock market listing post-2030

Hospitality brand Moustache picked PwC as its transaction advisor to steer a new funding exercise.
The business is seeking to gather ₹30-35 crore across the coming four to five months.
Promoters plan to start investment roadshows across the market over the next one to two months.
The firm is pitching to family offices initially before engaging institutional asset managers at later stages.
Proceeds from this prospective fundraise will finance an aggressive expansion across domestic hospitality destinations.
The hospitality chain wants to scale its network to nearly 100 properties before next year wraps up.
Founders are preparing an eventual public listing after 2030 to offer full liquidity to backers.

The company is deliberately migrating its business model from budget dormitories to higher-margin boutique units.
In-house digital solutions will streamline guest workflows and slash specific front-desk labor overheads by up to 80%.
Leadership projects top-line receipts to leap from ₹38-39 crore in FY26 to ₹700-800 crore by 2030.

The network splits properties across budget hostels, mid-range Moustache Select, and premium Moustache Luxuria sites.
Current real estate spans 19 hostels, 10 Select locations, and 6 Luxuria properties.
Hostels operate mainly under franchise arrangements inside tier-two and tier-three destinations.
Software being built internally will manage check-in tasks, guest identification collection, and payment processing.
Company-wide RevPAR (revenue per available room; room sales divided by total available rooms) averages between ₹6,000 and ₹7,000.
The group currently employs between 480 and 500 workers across corporate and field roles.

The business will produce an initial prototype of its guest automation software by December.
Promoters plan to start investment roadshows with private family wealth vehicles within one to two months.
The brand seeks to reach 200 operational properties by 2030 ahead of an equity market listing.