Mumbai, Jun 26 (PTI) Resort management company V Resorts today said it has raised USD 4 million in a fresh round of funding from venture funds Seedfund and RB International. Also Read - Monsoon Session Day 2: Lok Sabha Passes Essential Commodities Bill to Raise Farmer Income, Boost Agri Sector | Highlights

“V Resorts has recently raised USD 4 million in its third round of funding, with Seedfund and RB International,” it said in a statement. Also Read - 'Jammu And Kashmir to Reopen For Tourism Soon', Says J&K Administration

The capital raised would be utilised to double its inventory and invest in consumer and operator interfaces, it added. Also Read - COVID-19: Centre Announces Guidelines For Unlock 2, Lockdown Till July 31 in Containment Zones

V Resorts currently manages over 70 resorts across 15 states in the country.

“Initiatives are in place to increase our footprints in over 1000 locations in India in the next two years,” V Resorts founder and CEO Aditi Balbir said adding that the company has international expansion plans with a focus on South East Asia.

This is published unedited from the PTI feed.