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Zostel

From Wikipedia - Reading time: 4 min

Zostel
Company typePrivately held company
IndustryHostel
Tourism
Backpacker tourism
Founded2013; 11 years ago (2013)
HeadquartersGurgaon
Area served
Indian subcontinent; mainly India and Nepal
ProductsZostel Hostels
Zostel Homes
Zostel Escape
Trusted by Zostel
Websitewww.zostel.com

Zostel is a hostel chain with over 60 locations across India and Nepal[1][2]

History

[edit]

Zostel Hospitality Pvt. Ltd was established in August 2013[3] by seven co-founders,[4][5] who initiated their venture with the launch of the first Zostel in Jodhpur, Rajasthan on 15 August 2013.[6]

ZO Rooms

[edit]

In November 2014, the founders launched a new project called ZO Rooms, which aimed to provide budget-friendly hotel accommodations and aggregate hotel rooms.[7][8][9][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]

Zostel offers various accommodation options such as dormitories and private rooms.[1]

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. ^ "IIM, IIT students set up Zostel for backpackers". The Hindu Business Line. February 9, 2014. Retrieved July 8, 2017.
  4. ^ "IIM-Calcutta students set up backpackers' hostels in Rajasthan". www.hindustantimes.com/. February 14, 2014. Retrieved July 8, 2017.
  5. ^ "Why these IIM-Calcutta grads do not want placements". NDTV.com. Retrieved July 8, 2017.
  6. ^ Ghoshal, Somak (September 6, 2014). "Zostel: Passion for travel". www.livemint.com/. Retrieved July 8, 2017.
  7. ^ "Business service providers betting big on startups with great deals – The Economic Times". economictimes.indiatimes.com. Retrieved December 2, 2015.
  8. ^ "Budget hotel room aggregators eye pacts with offline travel agents | Business Line". thehindubusinessline.com. Retrieved December 2, 2015.
  9. ^ "ZO Rooms has a room 'available' for every traveller | Business Insider India". businessinsider.in. Retrieved December 2, 2015.
  10. ^ 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.
  11. ^ "The curious case of Oyo's Zo buyout – Times of India". The Times of India. Retrieved July 8, 2017.
  12. ^ "The Oyo-Zo Rooms Acquisition Deal Is Falling Apart – Inc42 Media". inc42.com. December 17, 2015. Retrieved July 8, 2017.
  13. ^ "The deal that never was: OYO says it didn't acquire rival ZO Rooms after all – Tech Crunch". techcrunch.com. Retrieved May 29, 2018.
Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Zostel
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