Zolostays, a managed hostels, paying guest accommodation and apartments brand that targets the housing needs of students and early professionals, has raised $7 million from Trifecta Capital. The company last raised $30 million from Nexus Venture Partners, IDFC Alternatives and Mirae Asset in January. The funds will be utilized to further investments in capital expenditure, product innovation and expand to newer cities in the new year aggressively.