India, Nov. 14 -- GoStops, India's fastest growing chain of youth traveller hostels, has raised an undisclosed amount of funds as part of its recent funding round from angel investors.

The round also saw participation from investors like Nitish Mittersain (founder and MD of Nazara Games), Sorabh Agarwal (ex-MD at Copal Partners), Sameer Walia (founder and ex-MD at The Smart Cube), Rohit Shankar (co-founder of Dimdim.com), Sunil Kumar Singhvi (owner at South Handlooms) and other senior corporate executives.

Delhi-based GoStops is planning to expand its presence across the country by doubling their bed capacity within the next 12 months. GoStops also plans to utilise these funds to enhance its product offerings through investment in techn...