QiK Stay
 | |
| Type | Privately Held Company |
|---|---|
| Founded | 2015[1] |
| Headquarters | New Delhi, India |
| Area served | India |
| Founder(s) |
Jasveer Singh Anshuman Kapur Ajay Trivedi |
| Industry | Internet, Hospitality |
| Services | E-commerce (Hospitality) |
| Parent | QiK Rooms Pvt. Ltd. |
| Website |
www |
QiK Stay is a hotel branding chain headquartered in New Delhi, India.[2] It operates as an online platform for booking budget hotels through its website and mobile application. As of March 2016, the company operated in over 80 cities in India and had more than 400 hotels listed on its website.[3] QiK Stay secured seed funding of $250,000 in October 2015, from venture capital firm ID Enablers.[4]
Establishment
QiK Stay was founded in July 2015 by Jasveer Singh and Anshuman Kapur. The company was conceptualized when Jasveer faced various difficulties in finding a paying guest (PG) accommodation in Gurgaon. This motivated him to enter this segment and eradicate the problems faced by many like him.[5]
Funding
In October 2015, QiK Stay received seed funding of $250,000 from venture capital firm ID Enablers. It is currently planning to raise another round of funding and is in advanced talks with several investors for the same. [6][7]
Growth
Started in July 2015, QiK Stay now operates in more than 80 cities in India where it has partnered with over 400 hotels.[8] It is present in all the major commercial cities and tourist destinations in India like Delhi, Gurgaon, Bangalore, Mumbai, Chandigarh, Jaipur and Shimla.[9] In January 2016, QiK Stay's founder and CEO, Jasveer Singh, announced the company's plans to add 800 hotels and expand presence in 50 more cities by the end of 2016.[10]
Founder
QiK Stay was founded by Jasveer Singh, Anshuman Kapur and Ajay Trivedi.[2][11] Jasveer comes from a small district in UP called Etah, has a hospitality background and is a serial entrepreneur. He has earlier started & exited ventures like sparehousing.com (an online review and comparison portal for PG accommodations) and ZOZO Stay (an asset-light model for budget hotels available on hourly basis). He then pivoted the idea to create a chain of co-branded premium budget hotels and launched QiK Stay.[6]
Location and Headquarters
QiK Stay is headquartered in New Delhi, India and operates in over 80 cities across the country.[2]
Booking Platforms
QiK Stay can be booked from multiple platforms, including the QiK Stay App on Android, iOS and a person can also login to their website to book hotel room.[12][13]
See also
References
- ↑ "QiK Stay makes foray to Mumbai". indiainfoline.com. Retrieved 2016-03-09.
- 1 2 3 "QiK Stay names former Hilton exec Pramod Dahiya as VP". Techcircle.in - India startups, internet, mobile, e-commerce, software, online businesses, technology, venture capital, angel, seed funding. Retrieved 2016-03-22.
- ↑ Stay, QiK. "Book Hotels Online in India - QiK Stay". QiK Stay. Retrieved 2016-02-29.
- ↑ www.ETtech.com. "Qik Stay raises $250K in seed capital | ETtech". ETtech.com. Retrieved 2016-02-29.
- ↑ "About Jasveer Singh, Founder at QiK Stay - QiK Stay Blog". QiK Stay Blog. Retrieved 2016-02-29.
- 1 2 "We want to maintain a balance between growth and profitability, says Jasveer Singh of QiK Stay". dna. Retrieved 2016-03-16.
- ↑ "Hotels aggregator QiK Stay secures $250K in seed round" Vccircle.com 27, Oct 2015
- ↑ "We don’t just tie up with our hotels, we co-brand them: Jasveer Singh" Retail.franchiseindia.com. 02, May 2016
- ↑ "QiK Stay makes foray to Mumbai". indiainfoline.com. Retrieved 2016-03-09.
- ↑ "QiK Stay to add 800 hotels, expand presence in 50 new cities 2016-end | Latest News & Updates at Daily News & Analysis". dna. Retrieved 2016-02-29.
- ↑ "Qik Stay – Story of an online premium budget hotel platform | Startups Talk". www.startupstalk.org. Retrieved 2016-03-31.
- ↑ "QiK Stay - Book Premium Budget Hotels" Play.google.com 02, May 2016
- ↑ "QiK Stay - Book Premium Budget Hotels" itunes.apple.com 3, May 2016