With the number of young travel enthusiasts in India rising every year, so is the need for affordable accommodation options for them. Few IIM and IIT students have spotted the opportunity at just the right time to catch the rising tide. Their business idea of Zostel, India’s first branded hostel chain, hits the bulls eye with their services – spacious AC dorms, common kitchen, laundry service, TV, Internet, library, board games and other interactive facilities – priced at just under Rs. 500.
As youngsters who love to travel around with friends, it really doesn’t make sense spending thousands on expensive hotels or putting up in dirty hostels. That’s where Zostel comes in with its secure, hygienic, centrally-located and pocket-friendly accommodation for young travellers. Started by IIT and IIM graduates on August 15 last year, currently Zostel is present in two cities – Jodhpur and Jaipur.
The team is a bunch of seven young travel enthusiasts. Four of them are from IIM-Calcutta. After Dharamveer Chauhan, Paavan Nanda, Akhil Malik, and Tarun Tiwari graduate in April, four of them will be joining Zostel full-time. Of the other three co-Founders, Chetan Singh Chauhan and Abhishek Bhutra are from IIT-BHU and are already working full-time. The seventh partner, Siddharth Janghu is a former employee of JP Morgan.
They plan to expand their services to the entire country very soon.
Picture Courtesy : http://zostel.com/