Zostel

Zostel

Zostel

Indian Hospitality company

Zostel is a network of hostels and homes in India.[1][2] It has presence in 44 cities in India and Nepal.[3]

Quick Facts Company type, Industry ...

History

Zostel Hospitality Pvt. Ltd was established in August 2013,[4] by seven co-founders,[5][6] who initiated their venture with the launch of the first Zostel in Jodhpur, Rajasthan on 15 August 2013.[7]

ZO Rooms

In November 2014, the founders launched a new project called ZO Rooms, which aimed to provide budget-friendly hotel accommodations and aggregate hotel rooms.[8][9][10][11] There were reports that ZO Rooms was acquired by rival OYO Rooms,[12][13] in an all-stock deal in December 2015, which was later denied by OYO.[14]

References

  1. [1]
    Sehgal, Kunal. "India's first chain of backpacker hostels is attracting some serious money". Quartz. Retrieved July 8, 2017.
  2. [2]
    "IIM, IIT students set up Zostel for backpackers". The Hindu Business Line. February 9, 2014. Retrieved July 8, 2017.
  3. [3]
    "Zostel: Live it. Now: India's first branded Hostel Chain". www.zostel.com. Retrieved July 8, 2017.
  4. [4]
    "IIM, IIT students set up Zostel for backpackers". The Hindu Business Line. February 9, 2014. Retrieved July 8, 2017.
  5. [5]
    "IIM-Calcutta students set up backpackers' hostels in Rajasthan". www.hindustantimes.com/. February 14, 2014. Retrieved July 8, 2017.
  6. [6]
    "Why these IIM-Calcutta grads do not want placements". NDTV.com. Retrieved July 8, 2017.
  7. [7]
    Ghoshal, Somak (September 6, 2014). "Zostel: Passion for travel". www.livemint.com/. Retrieved July 8, 2017.
  8. [8]
    "Business service providers betting big on startups with great deals – The Economic Times". economictimes.indiatimes.com. Retrieved December 2, 2015.
  9. [9]
    "Budget hotel room aggregators eye pacts with offline travel agents | Business Line". thehindubusinessline.com. Retrieved December 2, 2015.
  10. [10]
    "ZO Rooms has a room 'available' for every traveller | Business Insider India". businessinsider.in. Retrieved December 2, 2015.
  11. [11]
    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.
  12. [12]
    "The curious case of Oyo's Zo buyout – Times of India". The Times of India. Retrieved July 8, 2017.
  13. [13]
    "The Oyo-Zo Rooms Acquisition Deal Is Falling Apart – Inc42 Media". inc42.com. December 17, 2015. Retrieved July 8, 2017.
  14. [14]
    "The deal that never was: OYO says it didn't acquire rival ZO Rooms after all – Tech Crunch". techcrunch.com. Retrieved May 29, 2018.
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