Ektha.com acquires 20% stake for Rs 3.0 Crores in PGO, a Hostels and PG Finding App
Hyderabad: Ektha.com Private Limited, a city based real estate and technology firm has acquired 20% stake in Series A funding round in Hyderabad based Hostel and PG Accommodation Finding tech startup Thinkwide - developer of PGO mobile & web application platform for an amount of Rs. 3 crores at a valuation of Rs 15 crs.
Earlier this year Silly Monks Entertainment and two other angel investors Sai Korrapati and SS Karthikeya had funded this start-up which is growing at a fast pace.
According to press release issued by Thinkwide, PGO currently offers the most comprehensive selection of hostels and PGs with over 3000 properties in Hyderabad and Bengaluru located in different parts of the cities.