The Hosteller Secures ₹48 Crore in Series A Funding to Revolutionize Backpacker Travel

The Hosteller Secures ₹48 Crore in Series A Funding to Revolutionize Backpacker Travel

By Nishang Narayan

Published on November 9, 2024

The Hosteller, India's leading backpacker hostel brand, has successfully raised ₹48 crore in Series A funding to fuel its ambitious expansion plans. The funding round saw equity investments of ₹32 crore led by V3 Ventures, with additional participation from investors such as Synergy Capital Partners, Unit e Consulting LLP, and others. Additionally, Black Soil contributed ₹16 crore through venture debt.

Driving Growth in the Backpacker Segment

The fresh capital will help The Hosteller expand its footprint across India, increasing its inventory from the current 2,500 beds to 10,000 beds by March 2026. The brand plans to strengthen its presence in popular destinations like Rishikesh, Manali, and Bangalore while venturing into unexplored travel hotspots to cater to the growing demand for affordable, immersive travel experiences.

Pranav Dangi, Founder and CEO of The Hosteller, shared:
"This strategic investment will enable us to deliver standardized offerings across India, supported by a tech-first approach. Backpacker hostels have emerged as the preferred choice for Gen Z and millennials, and this funding will help us expand into new territories and attract more customers."

image

Backing from Prominent Investors

The funding round drew notable investors, including Harsh Shah from Naman Group Family Office and Vedang Patel, founder of The Souled Store. Speaking on the investment, Arjun Vaidya, Co-Founder of V3 Ventures, remarked:
"Gen Z’s travel habits have shifted towards frequent, budget-friendly getaways. The Hosteller meets this demand with its standardized and tech-driven approach. We are thrilled about the brand's potential to redefine the backpacker travel space in India."

A New Era for Backpacker Travel

The Hosteller has been at the forefront of catering to young, budget-conscious travelers with unique offerings and immersive experiences. With the fresh infusion of capital, the brand is poised to solidify its position as a market leader, targeting Asia-wide recognition in the backpacker hostel segment.

This investment marks a significant step forward in transforming travel for Gen Z and millennial adventurers, making quality and affordability the cornerstone of modern backpacking.


Eight Continents Expands Portfolio with the Launch of Treetop by Eight Continents Zanzibar

Eight Continents Expands Portfolio with the Launch of Treetop by Eight Continents Zanzibar

By Nishang Narayan

Published on February 18, 2025

Eight Continents Hotels & Resorts is proud to announce the addition of Treetop by Eight Continents Zanzibar to its illustrious portfolio. This luxurious island resort is a hidden paradise nestled in the heart of Zanzibar, offering guests an exceptional retreat surrounded by stunning ocean views, pristine beaches, and a peaceful, serene atmosphere.

Strategically located away from the bustling tourist hotspots, Treetop Zanzibar provides the perfect sanctuary for those seeking tranquility and indulgence. The resort sits against the backdrop of a crystal-clear bay, making it an idyllic escape into nature, while maintaining the highest standards of luxury and comfort.

image

With 32 exquisitely designed rooms, Treetop Zanzibar effortlessly blends contemporary design with traditional Zanzibar hospitality. Each room has been thoughtfully crafted to provide supreme comfort and privacy, ensuring a "home away from home" experience for all guests.

To elevate the guest experience, the resort features three exceptional dining outlets, each offering a diverse range of culinary delights. Guests can indulge in gourmet international dishes or savor the authentic flavors of Zanzibar, with locally sourced spices and fresh seafood that highlight the region’s rich culinary heritage.

Additionally, Treetop Zanzibar boasts a state-of-the-art gym, a luxurious spa and sauna for rejuvenation, and a spacious banquet hall perfect for hosting grand weddings and special events.

image

Located near the renowned Jozani Chwaka Bay National Park, Zanzibar’s only national park, the resort offers guests the chance to explore the lush mangrove forests, scenic walking trails, and vibrant ecosystems of this protected area. Known for being home to the rare and endemic Zanzibar red colobus monkey, the park is a haven for nature lovers and wildlife enthusiasts.

Haninder Sachdeva, CEO of Eight Continents Hotels & Resorts, expressed his excitement about the new addition, saying, "Treetop by Eight Continents Zanzibar represents our vision of delivering unique and unforgettable luxury experiences. This serene island resort is a perfect embodiment of exclusivity, elegance, and warm hospitality. We are thrilled to bring our signature standards of excellence to Zanzibar, offering guests an extraordinary escape into paradise."

Whether looking for a peaceful getaway, a romantic retreat, or an unforgettable venue for a special celebration, Treetop by Eight Continents Zanzibar offers the perfect blend of luxury, comfort, and natural beauty. Guests are invited to experience the charm of Zanzibar in an exclusive setting, where every moment is designed to be truly unforgettable.


Cygnett Hotels & Resorts Expands in Uttarakhand with Cygnett Retreat Pangot

Cygnett Hotels & Resorts Expands in Uttarakhand with Cygnett Retreat Pangot

By Author

Published on February 12, 2025

Cygnett Hotels & Resorts has announced the signing of Cygnett Retreat Pangot, further strengthening its presence in the scenic state of Uttarakhand. This boutique retreat, featuring 64 elegantly designed rooms, offers guests a perfect blend of comfort, modern amenities, and personalized hospitality amidst the tranquil Kumaon hills.

Designed to provide an immersive getaway, Cygnett Retreat Pangot boasts an all-day dining restaurant, social spaces, a rejuvenating spa, activity zones, and a swimming pool. Its location makes it a haven for nature lovers, with easy access to Nainital, treks to Naina Peak, and opportunities to spot over 150 species of Himalayan birds.

"Uttarakhand has emerged as a sought-after destination for leisure travelers. With Cygnett Retreat Pangot, we are excited to expand our footprint in this beautiful region. Guests will enjoy the pristine beauty of Pangot, coupled with the warmth of our signature 'Cygnetture' hospitality. We are grateful to our partners, Neeminfra and Construction Private Limited, for their unwavering support and trust in our vision," said Mr. Sarbendra Sarkar, Founder & Managing Director, Cygnett Hotels & Resorts.

This signing aligns with Cygnett's ambitious expansion strategy, which aims to operate over 100 hotels by 2029. The brand has also announced the upcoming launch of Anamore, its luxury segment, in Uttarakhand, reinforcing its commitment to delivering world-class hospitality.

For more information, visit: www.cygnetthotels.com


Sayaji Pune Honored as 'Iconic Business Hotel' by Times of India Group

Sayaji Pune Honored as 'Iconic Business Hotel' by Times of India Group

By Nishang Narayan

Published on February 6, 2025

Sayaji Pune, a leading 5-star business hotel, has been honored with the 'Iconic Business Hotel' award by the Times of India Group, recognizing its exceptional standards in corporate hospitality. This prestigious accolade highlights the hotel’s dedication to offering a seamless blend of luxury, comfort, and business functionality, making it the top choice for corporate travelers.

Nestled off the Pune-Mumbai Highway, Sayaji Pune enjoys prime proximity to IT hubs like Hinjewadi and Baner, making it an ideal stay for professionals seeking convenience and world-class amenities.

The hotel features well-appointed rooms designed for business travelers, complete with high-speed internet, plush beds, and spacious work desks to ensure productivity and relaxation. For meetings and corporate events, Sayaji Pune offers state-of-the-art boardrooms, banquet halls, and event spaces, catering to a variety of professional needs.

image

Beyond business, the hotel takes wellness seriously, boasting a fully equipped gym with expert trainers and an in-house spa—allowing guests to unwind after a busy day.

On the culinary front, Sayaji Pune presents a delightful gastronomic experience. Guests can indulge in a lavish buffet at Portico, offering a mix of healthy and indulgent options, or enjoy an elegant dining experience at Turque, which serves exquisite flavors in a luxurious setting.

This recognition as an Iconic Business Hotel further cements Sayaji Pune’s reputation for delivering top-tier hospitality, setting new benchmarks in business accommodations.

About Sayaji Pune:

Sayaji Pune is a premier business hotel offering strategic location, luxurious accommodations, world-class dining, and cutting-edge business facilities, ensuring a productive and comfortable stay for corporate travelers.

Congratulations to Sayaji Pune on this well-deserved achievement!

Stay up-to-date with the latest Hospitality news and trends in the Hospitality industry!

Subscribe to Hospitality news e-magazine for free and never miss an issue.

By clicking subscribe for free you agree to the Terms & Conditions and acknowledge our Privacy Policy.