Travel startup icanstay raises Rs 2.25 cr from investors

Travel e-commerce startup First TimeTravellers Ltd (FTTL) today said its flagship portal icanstay.com has raised Rs 2.25 crore from angel investor, which now values it at Rs 32 crore.
The portal, which was launched in February, is voucher based travel portal specialising providing luxury hotel to its customers.
"Thisinvestmentwill help us increase our footprint and inventory.Further, wearecontinuouslystrengtheningour product offeringand user experience.We aretargeting a turnover of Rs 700 crore by2020," FTTLCOO and co-founder Puneet Gupta said.
This investment values FTTL atRs 32 crore in a short span of just nine months, the company said.
First Time Travellers Ltd is a Delhi-based online start- up with specialty in luxury hospitality.