ⓘ Featured image details: from left – goStops co-founders Pallavi Agarwal and Pankaj Parwanda
Atraxn Partners, owned by the founders of Wheebox today announced that it has invested in the Delhi-based full-stack youth hostel company goStops. This is the fifth time the company has invested in the company. goStops leases, manages, franchises real estate assets, which are the designed, and converted into hostels specifically for youth.
The company targets business and leisure locations which are a preference among the millennials at present. About 70 percent of goStops’ inventory encompasses dormitories, and 30 percent constitutes private rooms.
Atraxn co-founders Nirmal Singh and Pawan Kumar in a statement today said…
“We are excited to partner in the growth of goStops. The youth traveler market in India is all about excitement and experience. We are sure goStops as a standardized one stop experience for youth travelers is going to bring global and quality experience for its travelersand that is why it stands apart from its contemporaries”.
The co-founders of goStops, Pallavi and Pankaj in the statement shared plans about the utilisation of the fresh funds…
“With the investment from Atraxn Partners along with others, we are hopeful that we would expand our offerings as well as double the bed capacity in the next 12 months.”
goStops – in numbers
Founded in 2012 by Pallavi Agarwal and Pankaj Parwanda, goStops is founded by Pallavi Agarwal and Pankaj Parwanda who went backpacking across Europe and came back fascinated by the hostel culture there. Currently, they operate 13 hostels in Agra, Amritsar, Bir, Dalhousie, Delhi, Jaipur, Jaisalmer, Mumbai, Naggar, Rishikesh, Udaipur, and Varanasi, with a total capacity of 800 beds across India.