Zostel Explained

Zostel is a hostel chain with over 60 locations across India and Nepal^{[1] [2]}

History

Zostel Hospitality Pvt. Ltd was established in August 2013^[3] by seven co-founders,^{[4] [5]} who initiated their venture with the launch of the first Zostel in Jodhpur, Rajasthan on 15 August 2013.^[6]

ZO Rooms

In November 2014, the founders launched a new project called ZO Rooms, which aimed to provide budget-friendly hotel accommodations and aggregate hotel rooms.^{[7] [8] [9] [10]} There were reports that ZO Rooms was acquired by rival OYO Rooms,^{[11] [12]} in an all-stock deal in December 2015, which was later denied by OYO.^[13]

Zostel offers various accommodation options such as dormitories and private rooms.https://punenews.org.in/discover-affordable-adventure-embrace-zostel-lonavalas-charm/

References

1. News: India's first chain of backpacker hostels is attracting some serious money. Sehgal. Kunal. Quartz. 2017-07-08. en-US.
2. News: IIM, IIT students set up Zostel for backpackers . 2014-02-09. The Hindu Business Line. 2017-07-08. en.
3. News: IIM, IIT students set up Zostel for backpackers. 2014-02-09. The Hindu Business Line. 2017-07-08. en.
4. News: IIM-Calcutta students set up backpackers' hostels in Rajasthan. 2014-02-14. www.hindustantimes.com/. 2017-07-08. en.
5. News: Why these IIM-Calcutta grads do not want placements. NDTV.com. 2017-07-08.
6. News: Zostel: Passion for travel. Ghoshal. Somak. 2014-09-06. www.livemint.com/. 2017-07-08.
7. Web site: Business service providers betting big on startups with great deals – The Economic Times. economictimes.indiatimes.com. December 2, 2015.
8. Web site: Budget hotel room aggregators eye pacts with offline travel agents | Business Line. thehindubusinessline.com. December 2, 2015.
9. Web site: ZO Rooms has a room 'available' for every traveller | Business Insider India. businessinsider.in. December 2, 2015.
10. News: Virtues of a large founding team: Why many digital ventures are starting up with many cofounders. Singh. Rajiv. 2015-10-04. The Economic Times. 2017-07-08.
11. News: The curious case of Oyo's Zo buyout – Times of India. The Times of India. 2017-07-08.
12. Web site: The Oyo-Zo Rooms Acquisition Deal Is Falling Apart – Inc42 Media. inc42.com. December 17, 2015 . en-US. 2017-07-08.
13. Web site: The deal that never was: OYO says it didn't acquire rival ZO Rooms after all – Tech Crunch. techcrunch.com. en-US. 2018-05-29.