pennews
www.pennews.net
India’s premiere youth traveller hostel start-up planning to expand
Business

India’s premiere youth traveller hostel start-up planning to expand

Agency News

New Delhi, Nov 3 : Delhi-based premium chain of youth traveller hostels 'goStops' is planning to expand their presence across the country by doubling their bed capacity within the next 12 months.

‘goStops’ is a chain of youth traveller hostels in India having presence in 13 cities with about 800 beds capacity. Besides the basic services like high-quality beds in air-conditioned dorms and private rooms, 24 by 7 CCTV, Security, 24 by 7 Front Desk, 24 by 7 Cafe, these hostels offer several facilities like mini theatre, foosball , pool table, aesthetically designed work and lounge areas in their common areas and many activities to socialise and explore the destination together with other fellow young travellers.

The company has raised an undisclosed amount of funds as part of its recent funding round from eminent Angel investors. It plans to utilise these funds to enhance its product offerings through investments in technology and training, add new revenue streams, strengthen its marketing and build a team to handle the next phase of growth.

The round saw participation from investors including Mr Nitish Mittersain (Founder and MD of Nazara Games), Mr Sorabh Agarwal (Ex-MD at Copal Partners), Mr Sameer Walia (Founder and ex-MD at The Smart Cube), Mr Rohit Shankar (Co-Founder of Dimdim.com), Mr Sunil Kumar Singhvi (Owner at South Handlooms) and other senior corporate executives.

''Currently, short stay options like hotels, guest houses available within youth budget are of poor and unpredictable quality and not youth friendly. We aim to solve this problem for the youth by offering travellers hostels which are High quality, affordable, social and experiential.

''Growing number of youth prefer community living (fostering growth of co-living and co-working) and they are willing to share rooms and facilities for greater quality accommodation. Thus, goStops plans to cater to the rapidly growing aspirational demands of the youth in this category'' said goStops Co-Founder and CEO Pallavi Agarwal.

goStops is a full stack youth traveller hostel provider. goStops leases, manages and franchises real estate assets to design, transform, market, sell and operate youth hostels under its brand. (UNI)