India-based budget hotel chain Imperativ Hospitality has raised INR1.1 billion (approximately US$17 million) in a Series B funding round from Samena Capital, a principal investment group focused on South Asia, the Middle East and North Africa. Through the investment, Samena has acquired a 33 percent stake in the company, which operates under the Bloom Hotels brand. Imperativ currently runs eight hotels in India and plans to use the funding to develop new properties across South Asia.