Zostel

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Zostel
Privately held company
IndustryHostel
Tourism
Backpacker tourism
Founded2013; 6 years ago (2013)
FounderAkhil Malik
Dharmveer Singh Chouhan
Paavan Nanda
Tarun Tiwari
Chetan Singh Chauhan

Siddharth Janghu
Headquarters37 Arjun Marg, DLF Phase 1,
Gurgaon, India
Area served
Indian subcontinent; mainly India and Nepal
Websitewww.zostel.com

Zostel is one of the largest and oldest networks of hostels in India.[1][2] It has presence in 36 cities in India and Nepal.[3]

History[edit]

Zostel Hospitality Pvt. Ltd was established in August 2013,[4] by seven co-founders Akhil Malik, Dharmveer Singh Chouhan, Paavan Nanda & Tarun Tiwari alumni of Indian Institute of Management Calcutta, Chetan Singh Chauhan and Abhishek Bhutra alumni of Indian Institute of Technology, BHU and Siddharth Janghu alumnus of MDI Gurgaon.[5][6] Having started the first Zostel in Jodhpur, Rajasthan on 15 August 2013,[7] 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.[8]

ZO Rooms[edit]

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.[9] There were reports that ZO Rooms was acquired by rival OYO Rooms,[10][11] in an all-stock deal in December 2015, which was later denied by OYO.[12] Towards the end of 2015, ZO Rooms operated more than 750 hotels across 51 cities in India.

Locations[edit]

Zostel operates 34 hostels in India and 2 hostels in Nepal:

India Nepal

References[edit]

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