Moustache hires PwC to raise ₹30–35 crore for Select and Luxuria expansion

Jaipur-based Moustache has appointed PwC to raise ₹30–35 crore from family offices, funding growth across its Select and Luxuria formats. The hostel and boutique-stay operator is targeting nearly 100 properties by end-2027 and 200 by 2030.

— Source publishedFri, 4 Sept, 2026, 17:07 IST·First seen Fri, 4 Sept, 2026, 17:23 IST·Source Business Standard · Companies

What happened

Jaipur-based Moustache has appointed PwC to raise ₹30-35 crore from family offices to fund expansion of its Select and Luxuria hospitality formats. It targets

Key facts

  • ₹30-35 crore targeted family-office raise
  • 19 hostels
  • 10 Moustache Select properties
  • 6 Moustache Luxuria properties
  • Nearly 100 properties targeted by end-2027
  • 200 properties targeted by 2030
  • FY26 revenue: ₹38-39 crore
  • FY27 revenue target: ₹75 crore
  • 2030 revenue target: ₹700-800 crore
  • Current RevPAR: ₹6,000-7,000
  • 2030 RevPAR target: above ₹10,000
  • 480-500 employees
  • Up to 80% reduction in some headcount-linked cost buckets

Why this matters

Moustache’s expansion ambition to 200 properties by 2030 makes it a potentially consequential regional partner or acquisition target for travel, lodging and consumer-platform players seeking boutique-stay scale.

What to watch

  • Announcement of fundraising closure, amount raised and any strategic investor participation.
  • Quarterly property-opening cadence versus the approximately 100-property end-2027 target.
  • Mix of owned/leased versus managed/franchised properties and associated capital commitments.
  • Occupancy, ADR, RevPAR and EBITDA/unit economics for Select and Luxuria locations.
  • New destination clusters, landlord partnerships and competitor responses from hostel, boutique-hotel and alternative-accommodation operators.
  • Evidence of progress toward the stated ₹75 crore FY27 revenue target.
  • Close the family-office round and disclose valuation, investor mix and funding structure.
  • Prioritize Select and Luxuria launches in established domestic leisure circuits and gateway cities.
  • Use management, lease and franchise structures to expand faster without proportionate balance-sheet investment.
  • Build centralized revenue management, distribution partnerships and hiring capacity to support a larger multi-format network.
  • Differentiate premium formats through design, F&B, experiences and higher service standards while retaining the Moustache community-led identity.