About Aao Hostels
Aao Hostels was a Travel & Hospitality company based in Bengaluru (India) founded in 2016. Aao Hostels is an online platform for booking hostel accommodations worldwide. It operates on a B2C model. The company is recorded as dissolved. Its focus areas include Travel and Hospitality, Online Travel, Accommodation Booking and Hostel Services. Its legal entity in India is Aaostel Online Solution Private Limited (U74999KA2016PTC096850). Its competitors include goSTOPS, WudStay and BackpackerPanda; 3 of its 3 listed competitors have raised funding.
Company details
Aao Hostels, based in Bengaluru, focuses on travel and hospitality, online travel, accommodation booking, and hostel services. Aao Hostels is an online platform for booking hostel accommodations worldwide. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- SectorsTravel & Hospitality
- Website aaohostels.com
- Social X Facebook
- Legal Name Aaostel Online Solution Private Limited
- Date of Incorporation 29 Sep, 2016
- Jurisdiction Bangalore, Karnataka, India
- Net Loss-₹1.1 Lakh
FY 2020 · -11657% margin
- EBITDA-₹82,041
FY 2020 · -8600% margin
- Latest Funding Round$60K (USD), Grant
Sep 2016
- Investors
Associated legal entities of Aao Hostels
Aao Hostels operates through Aaostel Online Solution Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aaostel Online Solution Private Limited CIN U74999KA2016PTC096850 | Active | 29 Sep 2016 | Bangalore, Karnataka | ₹0.0 Cr | 3 | View details |
Funding Insights of Aao Hostels
- Total Rounds 1
- Last Round Grant — $60,000
- First Round $60,000
(Sep 2016)
- Investors Count 1
All 1 funding rounds of Aao Hostels with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2016 | $60,000 | Grant | – | – |
1 investors in total: 1 institutional.
Investors in Aao Hostels
Aao Hostels has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Startup Karnataka.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Support for startups in Karnataka is delivered through policies, funding, and networking services. | 2004 | missionstartupkarnataka.org | Bengaluru, India |
Investor details for Aao Hostels
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Board of directors of Aaostel Online Solution Private Limited (Aao Hostels)
Aaostel Online Solution Private Limited is the primary company behind Aao Hostels. The board of Aaostel Online Solution Private Limited currently have 3 directors; the longest-serving is Saurabh Jain, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Saurabh Jain DIN 06425716 | Director | 29 Sep 2016 | 10 yrs | Aaostel Online Solution Private Limited |
| Mahesha Srikantaiah DIN 07626918 | Director | 29 Sep 2016 | 10 yrs | Aaostel Online Solution Private Limited |
| Mahendra Mallappa Pyati DIN 07594885 | Director | 29 Sep 2016 | 10 yrs | Aaostel Online Solution Private Limited |
Financials of Aao Hostels
Figures of Aaostel Online Solution Private Limited, the primary company behind Aao Hostels, for FY 2020. Net loss was -₹1.1 Lakh (-11657% margin). EBITDA was -₹82,041 (-8600% margin). Revenue has grown at a compounded annual rate of -89% over three years.
- -₹1.1 LakhNet loss · -11657% margin
- -₹82,041EBITDA · -8600% margin
- ₹1 LakhPaid-up capital
- -89%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Aaostel Online Solution Private Limited are on its company page.
Detailed financial statements for Aao Hostels
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Aao Hostels
2 dated milestones of Aao Hostels, from founding to its latest funding, stage changes and deals.
- Founded Aao Hostels is founded.
- Funding First funding round of $60K.
Competitors of Aao Hostels
Aao Hostels has 3 listed competitors in our database, 3 of them funded. They include goSTOPS, WudStay and BackpackerPanda.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gostops.com | 2014 | Delhi, India | $8.41M | 292 | Hostel accommodations and curated travel experiences are provided for backpackers. | |
| wudstay.com | 2015 | Gurugram, India | $3M | WudStay provides an online platform for booking PG and hostel accommodations tailored to students and travelers. | ||
| backpackerpanda.com | 2015 | Pune, India | $2.25M | 4 | An online chain of backpackers hostels is operated for travelers. |
Detailed competitors of Aao Hostels
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Online Travel
3 companies that operate in the same segment as Aao Hostels (Online Travel) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online bookings for flights, hotels, and travel packages are facilitated. | 2000 | Gurugram, Haryana, India | USD 39 M | USD 1.04 B | 5,120 | |
Online platform providing multiple travel booking services | 2007 | Gurugram, Haryana, India | USD 96.62 M | USD 130.88 M | 465 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 |
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Related news about Aao Hostels
Complete news archive for Aao Hostels
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Frequently Asked Questions about Aao Hostels
Aao Hostels was founded in 2016.
Aao Hostels is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Annual revenue of Aao Hostels is $13.06 as on Mar 31, 2020.
Aao Hostels, based in Bengaluru, focuses on travel and hospitality, online travel, accommodation booking, and hostel services. Aao Hostels is an online platform for booking hostel accommodations worldwide. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Aao Hostels's top competitors include goSTOPS, WudStay and BackpackerPanda.
Aao Hostels has 1 investor. Key investors include Startup Karnataka.
Aao Hostels operates through Aaostel Online Solution Private Limited.
The legal entities of Aao Hostels currently have 3 directors, including Saurabh Jain, Mahesha Srikantaiah, Mahendra Mallappa Pyati.