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Applyly

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The Hosteller raises Rs 48 crore in funding for nationwide expansion By Applyly November 7, 2024 The Hosteller is a backpacker hosteller chain. The journey of the startup began in 2014 and since then it has been working really hard. It specialises trips and workations. In 2015, a new hostel was launched in Jaipur. Since then, they have opened a lot of hostel chains for those who are eager to travel. The startup offers a lot of premium services. The Hosteller raises Rs 48 crore in funding for nationwide expansion. BAM Hostels: These are India’s first 100% smart hostels as claimed by the startup. In the rooms, you can control the room temperature without remote control. You can craft your stay according to your mood/desire. Hence, Hosteller fulfils the exact need of the GenZ The hostels run in such a manner that it becomes easy to cater to digital nomads and remote workers. You can also make bookings for a group on the website. The Black and Yellow theme of the website shows the energy in the startup. Black and yellow is also an example of cultural associations. This shows the in depth thought process of the founders in every department of the startup. The blogging angle of the website is like putting a cherry on the cake. The startup also offer volunteer options where you can meet and greet new people. This also helps you to build connections and enjoy life as well. However, you need to be street smart and extroverted if you want to volunteer. Budding artists can also volunteer for the nomad network. Now, the Hosteller aims to have 10,000 beds by March 2026. The company is not just scaling but also innovating by fulfilling the needs of the day and future. This funding of Rs. 48 crore can act as a strategic move for the startup. Now, more people have got the attention of the company. Arjun Vaidya, Co-Founder of V3 Ventures, said, “We noticed a change in the way Gen Z travels — from saving up for one holiday a year to travelling every long weekend. And, The Hosteller fulfils this exact need. With a standardised, tech first, budget-friendly option – the brand offers something truly unique to its customers. This makes us even more excited about the growth ahead.”

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