 "IDG Ventures Sudhir Sethi, Pepsico's Praveen Someswar invest in Stay Simple resorts")
Stay Simple resorts is founded by four people led by Gopalkrishna Kulkarni. Gopal is a serial entrepreneur who promoted the private equity backed Perfint Healthcare Pvt. Ltd., after a long stint at GE Healthcare, a statement said.
Stay Simple currently owns, manages and operates about 500 rooms in16 resorts in 12 popular tourist destinations across India including Coorg, Goa, Hassan, Sakleshpur, Wayanad, Mysore, Mussoorie, Jaipur, Pushkar and Jaisalmer.
With this funding, Stay Simple is aiming to expand to newer geographies, and enhance capacity to more than 2000 rooms in the next six months, it said.
"This has given us an impetus to grow and maximise our potential. The aim is to be present in at least 400 destinations in the next 3 years," said Kulkarni in the statement.
