Zostel

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Zostel
Private
IndustryHostels, Tourism, Backpacking
Founded2013 (2013)
FounderAkhil Malik
Dharmveer Singh Chouhan
Paavan Nanda
Tarun Tiwari
Chetan Singh Chauhan
Abhishek Bhutra
Siddharth Janghu
Headquarters37 Arjun Marg DLF Phase 1,
Gurgaon, India
Area served
India & Nepal
Websitezostel.com

Zostel is India's first[1][2] chain of backpackers' hostels.[3] The chain of hostels has presence across 28 locations in [4] India and Nepal namely Alleppy, Spiti, Leh, Manali, Mcleodganj, Dalhousie, Bir, Rishikesh, New Delhi, Agra, Jaipur, Udaipur, Pushkar, Jaisalmer, Mumbai, Goa, Gokarna, Varanasi, Khajuraho, Coorg, Chikamagalur, Kochi, Ooty, Chennai and Kathmandu & Pokhara in Nepal.

History[edit]

Zostel Hospitality Pvt. Ltd was established[5] in August 2013 by seven co-founders Akhil Malik, Dharmveer Singh Chouhan, Paavan Nanda & Tarun Tiwari alumni of Indian Institute of Management Calcutta, Chetan Singh Chauhan & Abhishek Bhutra alumni of Indian Institute of Technology, BHU and Siddharth Janghu alumnus of MDI Gurgaon.[6][7] Having started the first Zostel in Jodhpur, Rajasthan on 15 August 2013,[8] the founders started off by winning 14 back to back business plan competitions across the world including WIEF, Richard Ivey and Eureka at IIT Bombay.[9]

The founders of Zostel further dived into a new project known as ZO Rooms in November 2014, which was a low-budget, technology-driven hotel chain.[10]  There were reports that ZO Rooms was acquired by rival OYO Rooms[11][12] in an all-stock deal in December 2015, which was later denied by OYO.[13] Towards the end of 2015, ZO Rooms operated more than 750 hotels across 51 cities in India.[14]

References[edit]

  1. ^ Sehgal, Kunal. "India's first chain of backpacker hostels is attracting some serious money". Quartz. Retrieved 2017-07-08.
  2. ^ Bureau, Our (2014-02-09). "IIM, IIT students set up Zostel for backpackers". The Hindu Business Line. Retrieved 2017-07-08.
  3. ^ "Pinning the Best Hostels on the Indian Map". Bringing you travel inspiration and information from around the world. 2017-03-03. Retrieved 2017-07-08.
  4. ^ "Zostel: Live it. Now: India's first branded Hostel Chain". www.zostel.com. Retrieved 2017-07-08.
  5. ^ Bureau, Our (2014-02-09). "IIM, IIT students set up Zostel for backpackers". The Hindu Business Line. Retrieved 2017-07-08.
  6. ^ "IIM-Calcutta students set up backpackers' hostels in Rajasthan". www.hindustantimes.com/. 2014-02-14. Retrieved 2017-07-08.
  7. ^ "Why these IIM-Calcutta grads do not want placements". NDTV.com. Retrieved 2017-07-08.
  8. ^ Ghoshal, Somak (2014-09-06). "Zostel: Passion for travel". www.livemint.com/. Retrieved 2017-07-08.
  9. ^ "Zostel: Make your trip affordable with India's first backpackers' hostel". The Indian Express. 2015-05-27. Retrieved 2017-07-08.
  10. ^ Singh, Rajiv (2015-10-04). "Virtues of a large founding team: Why many digital ventures are starting up with many cofounders". The Economic Times. Retrieved 2017-07-08.
  11. ^ "The curious case of Oyo's Zo buyout - Times of India". The Times of India. Retrieved 2017-07-08.
  12. ^ "The Oyo-Zo Rooms Acquisition Deal Is Falling Apart - Inc42 Media". inc42.com. Retrieved 2017-07-08.
  13. ^ "The deal that never was: OYO says it didn't acquire rival ZO Rooms after all - Tech Crunch". techcrunch.com. Retrieved 2018-05-29.
  14. ^ "The Oyo-Zo Rooms Acquisition Deal Is Falling Apart - Inc42 Media". inc42.com. Retrieved 2017-07-08.