Draft:The Hosteller
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|  |
| Type | Private |
|---|---|
| Industry | Hospitality |
| Founded | 2015 |
| Headquarters | Mumbai, India |
| Website | thehosteller |
The Hosteller is an Indian hostel chain that operates a chain of backpacker hostels, having its headquarters in Mumbai, India. It was founded in 2015, in Mumbai, with its first hostel opening in Jaipur, Rajasthan.[1]
It provides dormitory stays and private room accommodation for guests. As of 2026, the company operates 72 properties across more than 50 destinations in India.[2]
History
[edit]The Hosteller was founded in 2015 by Pranav Dangi. The concept originated during his student exchange programme in Europe in 2013, in the course of which he stayed in backpacker hostels across a number of countries and identified the absence of organised backpacker hostels in the country.[3][4]
It officially began operations in early 2015, with its first hostel opening in Jaipur, Rajasthan and grew to having 3 such hostels in less than a year. During the early launch of the company, It focused on backpacker hostel accommodation for travellers specially in the northern part of India along with providing communal areas and activities for guests.[5]
In 2020, the COVID-19 pandemic disrupted the company's operations and travel demand, resulting in financial losses. Following the reopening of its properties in August 2020, the company reported occupancy rates exceeding 80% at several of its hostels during the subsequent recovery period. During the pandemic, the company introduced workation and co-living offerings to accommodate longer stays and changes in travel patterns.[6]
The company eventually expanded beyond northern India into southern and western regions, including major cities and tourist destinations, as well as smaller destinations, with over 55 hostels by late 2024. By April 2026, The Hosteller had expanded to 75 properties across 50 destinations.[7]
Operations
[edit]The Hosteller operates accommodation primarily in the backpacker and budget-hospitality segment. Its properties offer shared dormitories and private rooms, together with communal areas and facilities intended for social interaction.[8] The company also operates food and beverage services under the Myngl brand and offers activities and experiences at selected properties. [9]
The Hosteller follows an asset-light model and does not own the properties in which its hostels operate, using revenue-sharing arrangements with property owners, while also operating through fixed-rental agreements.[10]
Sub-brands
[edit]Glu
[edit]It is a web-based concierge application allowing guests to check-in, raise housekeeping, maintenance requests, food orders, events and more.[11]
Bam by The Hosteller
[edit]In May 2024, they launched Bam by TH, a tech-enabled & smart premium hostel or posh-tel brand at a premium-price point per night. Today, there are 9 such poshtels in India.
The first few properties under Bam by TH brands were launched in Assagao, and Saligao in North Goa.[12]
Myngl
[edit]It is a sub-brand of The Hosteller focused on food and beverage services at their properties.
Fundings
[edit]In November 2021, The Hosteller raised US$1 million in a pre-Series A funding round led by multiple angel investors, including FAO Ventures, Alpha Assets, etc., with participation from other investors.[13]
In November 2024, the company raised ₹48 crore in a Series A round led by V3 Ventures. The round comprised equity funding and ₹16 crore in venture debt from Blacksoil.[14]
The funds were intended to support expansion of the company's network and increase its number of beds. In April 2026, The Hosteller raised ₹150 crore in a Series B funding round led by PROMAFT Partners and V3 Ventures, with participation from ITI Growth Opportunities Fund, Merisis Wealth Trust and family offices for the brand’s growth & strengthening its position. It was described by The Economic Times as the largest institutional funding round raised by a backpacker hostel company in India.[15]
References
[edit]- ↑ Gandhi, Forum (2024-03-14). "The Hosteller plans to add 75 properties this year". BusinessLine. Retrieved 2026-09-20.
- ↑ "Budget2022: Time for a big boost".
{{cite web}}: CS1 maint: url-status (link) - ↑ Dhawan, Bulbul (2024-12-19). "Who Is Fueling India's Demand for Hostel Accommodations — India Report". Skift. Retrieved 2026-09-20.
- ↑ ""We aim to operate 100 properties by March 2025" - Hotelier India". Hotelier India. 2024-11-11. Archived from the original on 2025-07-04. Retrieved 2026-09-20.
- ↑ "'Make friends for life' at The Hosteller – Urban Mélange". urbanmelange.com. Retrieved 2026-09-20.
- ↑ "Work-from-hostels makes room for innovation amid Covid-19 slowdown". www.forbesindia.com. Retrieved 2026-09-20.
- ↑ HospitalityWorld, E. T. "The Hosteller unveils ambitious growth plans: 75 plus new hostels in 12 months, 150 in next 18". ETHospitalityWorld.com. Retrieved 2026-09-20.
- ↑ "Explore India Within Your Budget: Stay With The Hosteller". Food NDTV.
- ↑ "The Hosteller CEO Pranav Dangi bats for experiential travel as more Indians pick up backpacking". @theweek. Retrieved 2026-09-20.
- ↑ Mishra, Urvashi (2025-06-21). "Hostel chains find their footing in India with a premiumisation push". Fortune India. Retrieved 2026-09-20.
- ↑ TravelWorld, E. T. "The Hosteller and redBus partner to offer accommodation & bus travel booking on single platform". ETTravelWorld.com. Retrieved 2026-09-20.
- ↑ "The Hosteller eyes South India's leisure markets for growth". Deccan Herald. Retrieved 2026-09-20.
- ↑ Bhatla, Prabhjeet (2021-11-01). "The Hosteller Raises $1 Mn Pre-Series A Round". Entrepreneur India. Retrieved 2026-09-20.
- ↑ "Backpacker hostel chain The Hosteller raises Rs 48 crore led by V3 Ventures". The Economic Times. 2024-11-07. ISSN 0013-0389. Retrieved 2026-09-20.
- ↑ Chaturvedi, Anumeha (2026-04-16). "The Hosteller raises Rs 150 crore led by PROMAFT Partners in Series B funding". The Economic Times. ISSN 0013-0389. Retrieved 2026-09-20.
Category:Hostels Category:Companies based in Mumbai Category:2015 establishments in India Category:Privately held companies
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