About ICanStay
ICanStay is a Travel & Hospitality company based in Gurugram (India) founded in 2015 by Akshay Soni, Vibha Soni, and Avneet Soni. Luxury hotel stays are booked via an online voucher platform. ICanStay has raised $946.89 thousand across 3 funding rounds from investors including HT Media, Manoj Prasad and MP Morgan. ICanStay was last valued at $6.22 million in April 2017. Its Indian entity First Time Travellers Limited reported revenue of ₹5.4 Lakh. Its focus areas include Consumer, Online Travel, Accommodation and Hotel. Its competitors include YUHI, FABgetaways and Kroozz Innovations; 1 of its 3 listed competitors has raised funding.
Company details
ICanStay was founded in 2015 in Gurugram, India, as an online platform in the travel and hospitality sector. Vouchers for luxury hotel stays are purchased by users and redeemed at partnered premium hotels listed on the site. Wishlists of desired hotels can also be created by users to receive notifications on availability. Operations focus on facilitating bookings and alerts for premium accommodations.
- Headquarters Gurugram, India
- Founders Akshay Soni, Vibha Soni, Avneet Soni
- Stage Minicorn
- SectorsTravel & Hospitality
- Email••••••••
- Website icanstay.com
- Social LinkedIn X Facebook
- Legal Name First Time Travellers Limited
- Date of Incorporation 31 Aug, 2015
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹5.4 Lakh
FY 2025 · +83% YoY
- Net Profit₹27,590
FY 2025 · 5% margin
- EBITDA₹42,249
FY 2025 · 8% margin
- Total Equity Funding$946.89K (USD)
in 3 rounds
- Latest Funding Round$199.2K (USD), Angel Round
Apr 2018
- InvestorsHT Media
& 9 more
Associated legal entities of ICanStay
ICanStay operates through First Time Travellers Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| First Time Travellers Limited CIN U74900DL2015PLC284684 | Active | 31 Aug 2015 | New Delhi, Delhi | ₹0.1 Cr | 4 | View details |
Funding Insights of ICanStay
ICanStay has successfully raised a total of $946.89K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $199.2 thousand completed in April 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $946,892
- Total Rounds 3
- Last Round Angel Round — $199,200
- First Round $397,635
(Nov 2015)
- Investors Count 10
All 3 funding rounds of ICanStay 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 |
|---|---|---|---|---|---|
| Apr 2018 | $199,200 | Angel Round | – | Manoj Prasad | – |
| Apr 2017 | $350,057 | Seed | $6.22M | Manoj Prasad | |
| Nov 2015 | $397,635 | Seed | – | Vinay Taparia |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2017 | $6.22M | •••••••• |
Last known valuation $6.22M (Apr 2017). 10 investors in total: 3 institutional and 7 angel.
Investors in ICanStay
ICanStay has secured backing from 10 investors, including angel and institutional investors. Prominent investors backing the company include HT Media, Manoj Prasad and MP Morgan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Print, digital, and radio media platforms are operated. | 1924 | htmedia.in | Delhi, India | |
Global firm providing strategy, advisory, M&A, and investment services to businesses worldwide. | 2016 | mpmorgan.com | Singapore, Singapore | |
| wepowerinnovation.tcc.mode | ||||
MP Manoj Prasad | Angel investor and tech entrepreneur, focused on early-stage Indian startups. | unknown_1d5ab4c8ccfa44999 | ||
VS Vibha Soni | unknown_4f94da4f651a4127b | |||
VT Vinay Taparia | unknown_ee9567ade42046c69 | |||
LG Laxmikant Gupta | unknown_17e6e4e579df47039 | |||
SS Sureshta Soni | unknown_d13d175f4c2b4f0d8 | |||
SS Simar Singh | unknown_1403cc6344e245aa8 | |||
HS Harsharan Singh | unknown_61f5096572f0417fa |
Investor details for ICanStay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of First Time Travellers Limited (ICanStay)
First Time Travellers Limited is the primary company behind ICanStay. The board of First Time Travellers Limited currently have 4 directors; the longest-serving is Avneet Soni, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Avneet Soni DIN 00266420 | Director | 31 Aug 2015 | 11 yrs 1 mo | First Time Travellers Limited |
| Akshay Soni DIN 00967140 | Director | 31 Aug 2015 | 11 yrs 1 mo | First Time Travellers Limited |
| Vibha Soni DIN 07243644 | Director | 31 Aug 2015 | 11 yrs 1 mo | First Time Travellers Limited |
| Puneet Gupta DIN 00343162 | Director | 12 Mar 2018 | 8 yrs 7 mo | First Time Travellers Limited |
People of ICanStay
3 people are tracked at ICanStay (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & Director | Leadership |
Complete people profiles for ICanStay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ICanStay
Figures of First Time Travellers Limited, the primary company behind ICanStay, for FY 2025. Revenue was ₹5.4 Lakh (+83% year on year). Net profit was ₹27,590 (5% margin). EBITDA was ₹42,249 (8% margin). Revenue has grown at a compounded annual rate of +22% over three years and -38% over five years.
- ₹5.4 LakhRevenue · FY 2025 · +83% YoY
- ₹27,590Net profit · 5% margin
- ₹42,249EBITDA · 8% margin
- ₹4.14 CrPaid-up capital
- +22%Revenue CAGR, 3 years
- -38%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of First Time Travellers Limited are on its company page.
Detailed financial statements for ICanStay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of ICanStay
4 dated milestones of ICanStay across 3 years, from founding to its latest funding, stage changes and deals.
- Founded ICanStay is founded.
- Funding First funding round of $398K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $199K.
Competitors of ICanStay
ICanStay has 3 listed competitors in our database, 1 of them funded. They include YUHI, FABgetaways and Kroozz Innovations.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| yuhihospitality.com | 2011 | Gurugram, India | $15M | 466 | Luxurious guest rooms are provided for Japanese expats in India. | |
| fabgetaways.com | 2017 | Ahmedabad, India | Exclusive luxury hotel and resort deals are offered to members. | |||
| kroozz.com | 2022 | New Delhi, India | Offers luxury hotel services, staycations, and a unified loyalty program. |
Detailed competitors of ICanStay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Online Travel
3 companies that operate in the same segment as ICanStay (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 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Icanstay
Complete news archive for ICanStay
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about ICanStay
ICanStay was founded in 2015.
ICanStay is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
ICanStay is a funded company, having raised a total of $946.89K across 3 funding rounds to date. The company's 1st funding round was a Seed of $397.64K, raised on Nov 2015.
The primary company behind ICanStay, First Time Travellers Limited, reported revenue of ₹5.4 Lakh for FY 2025, up 83% year on year.
ICanStay was founded in 2015 in Gurugram, India, as an online platform in the travel and hospitality sector. Vouchers for luxury hotel stays are purchased by users and redeemed at partnered premium hotels listed on the site. Wishlists of desired hotels can also be created by users to receive notifications on availability. Operations focus on facilitating bookings and alerts for premium accommodations.
ICanStay's top competitors include YUHI, FABgetaways and Kroozz Innovations.
The valuation of ICanStay is $6.22M as of Apr 2017.
ICanStay operates through First Time Travellers Limited.
The legal entities of ICanStay currently have 4 directors, including Avneet Soni, Akshay Soni, Vibha Soni and others.