The initial investment was done by three promoters, and for expansion, the company is open for investments from venture funds, a top official said.
"With a investment of Rs 5-15 crore per hotel depending on the locality, we are looking at an average of Rs 10-20 crore investment over the next three years," Urbanpod Co-founder and Director Hiren Gandhi told PTI here.
With an average price of Rs 2,000 per night, the individual pods are built in between 50 square feet and 90 sq ft space with self-contained and technologically-superior interiors, besides a separate individual-locker facility for luggage, he added.
With no individual bathrooms, on an average there is a shared facility for every 8 pods, Gandhi said.
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"Our main target segment will be people from 18-50 years, who are students, entry level executives, pilgrims among others who are looking for affordable, hygienic and safe accommodation," he said.
"For expansion, we are looking at large cities and at cities with large footfalls," he added.