S6 Ep123: The Story of goSTOPS and Creating India's Largest Youth Travel Hostel Brand With Pankaj Parwanda
Youth is responsible for 66% of domestic travel in India. Yet only 10% hotels serve this segment's price and quality aspirations.
We kick off our new season with Pankaj Parwanda of goSTOPS, a hospitality startup targeting young people (sub INR1,000 average daily rate beds) via tech-enabled creation and formalization of the youth hostel inventory pan India.
Leveraging benefits of sharing economies and community living, goSTOPS is run by Pallavi Agarwal & Pankaj Parwanda, a very strong founder team who operate 30+ properties comprising 2,500+ available dorm beds spread across the country.
A super interesting business with great potential - being asset light and possessing strong execution capabilities, we delve deeper into the very model that makes goSTOPS great, and which has resulting in them building a solid brand within their TG in a relatively short period of time.
Hope you enjoy this TRANSFIN. Podcast episode with Nikhil Arora and Sharath Toopran, where we converse with entrepreneurs and business operators running successful startups, profitable SMEs and family promoted firms on one end, and top investment professionals representing VC/PE/credit funds on the other.
The objective is to bring out an "actionable" perspective converging the world of business and investing.
If you're a founder and if you'd like us to drill down your model, feel free to drop us a line at email@example.com
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