About The Hosteller
The Hosteller is a company based in Mumbai (India) founded in 2015 by Pranav Dangi.. The Hosteller has raised $9.64 million across 10 funding rounds from investors including Angel List, BlackSoil and LetsVenture. The company has 375 employees as of October 06, 2024. The Hosteller offers products and services including Hostel Bookings, Workation Packages, and Group Events. The Hosteller operates in a competitive market with competitors including goSTOPS, Hostels World, WudStay, BackpackerPanda and Roadhouse Hostels, among others.
- Headquarter Mumbai, India
- Employees 375 as on 06 Oct, 2024
- Founders Pranav Dangi
- Stage Minicorn
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Sectors
Travel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name The Hosteller Hospitality Private Limited
- Date of Incorporation 29 Nov, 2014
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$2.72 M (USD)129.64as on Mar 31, 2023
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Net Profit
$-365.96 K (USD)-115.48as on Mar 31, 2023
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EBITDA
$-115.55 K (USD)-47.78as on Mar 31, 2023
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Total Equity Funding
$9.64 M (USD)
in 10 rounds
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Latest Funding Round
$1.9 M (USD), Debt – Conventional
Nov 07, 2024
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Investors
Angel List
& 72 more
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Employee Count
375
as on Oct 06, 2024
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Products & Services of The Hosteller
The Hosteller offers a comprehensive portfolio of products and services, including Hostel Bookings, Workation Packages, and Group Events. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online system for reserving backpacker hostels in various locations
Packages combining work and stay in adventure destinations
Services for organizing group stays and activities
Unlock access to complete
Funding Insights of The Hosteller
The Hosteller has successfully raised a total of $9.64M across 10 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.9 million completed in November 2024. 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 Total Funding
- Total Rounds 10
- Last Round Debt – Conventional — $1.9M
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First Round
First Round
(13 Jul 2018)
- Investors Count 73
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Debt – Conventional - The Hosteller | Valuation |
investors |
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| Oct, 2024 | Amount | Series A - The Hosteller | Valuation | V3 Ventures | |
| Sep, 2024 | Amount | Series A - The Hosteller | Valuation | V-cube Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The Hosteller
The Hosteller has secured backing from 73 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Angel List, BlackSoil and LetsVenture. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed by V3 Ventures toward early-stage consumer startups.
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Founded Year | Domain | Location | |
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Early-stage tech startups are supported via investments and advisory services.
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Founded Year | Domain | Location | |
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Minority stakes are invested in early-growth stage companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by The Hosteller
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - The Hosteller
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Hosteller Comparisons
Competitors of The Hosteller
The Hosteller operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as goSTOPS, Hostels World, WudStay, BackpackerPanda and Roadhouse Hostels, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hostel accommodations and curated travel experiences are provided for backpackers.
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| domain | founded_year | HQ Location |
Online booking platform for hostels
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| domain | founded_year | HQ Location |
WudStay provides an online platform for booking PG and hostel accommodations tailored to students and travelers.
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| domain | founded_year | HQ Location |
An online chain of backpackers hostels is operated for travelers.
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| domain | founded_year | HQ Location |
Serves as an online aggregator for backpack hostels.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on The Hosteller
Frequently Asked Questions about The Hosteller
When was The Hosteller founded?
The Hosteller was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is The Hosteller located?
The Hosteller is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of The Hosteller?
Pranav Dangi is the current CEO of The Hosteller. They have also founded this company.
Is The Hosteller a funded company?
The Hosteller is a funded company, having raised a total of $9.64M across 10 funding rounds to date. The company's 1st funding round was a Series A of $3.81M, raised on Jul 13, 2018.
How many employees does The Hosteller have?
As of Oct 06, 2024, the latest employee count at The Hosteller is 375.
What is the annual revenue of The Hosteller?
Annual revenue of The Hosteller is $2.72M as on Mar 31, 2023.
What does The Hosteller do?
The Hosteller was founded in 2015 in Mumbai, India, as an online platform in the travel and hospitality sector. Bookings for hostel stays are facilitated through the submission of location preferences, user information, payment details, and desired dates. Reviews from past stays are also collected and displayed. Operations focus on connecting travelers with affordable lodging options across various locations.
Who are the top competitors of The Hosteller?
The Hosteller's top competitors include goSTOPS, Hostels World and WudStay.
What products or services does The Hosteller offer?
The Hosteller offers Hostel Bookings, Workation Packages, and Group Events.
Who are The Hosteller's investors?
The Hosteller has 73 investors. Key investors include Angel List, BlackSoil, LetsVenture, We Founder Circle, and WLDD.
What is The Hosteller's valuation?
The valuation of The Hosteller is $17.27M as of Sep 2023.