Title: goSTOPS Raises ₹35 Crore in Funding Round Led by Blume Ventures
The Indian startup ecosystem has witnessed another significant milestone with the hostel chain goSTOPS raising ₹35 crore in a Series A funding round led by Blume Ventures. The round also saw participation from several other prominent investors, including 1Crowd, Mumbai Angels, Chennai Angels, Indian Angel Network, Lead Angels, and Yuj Ventures. This development marks a significant turning point for the startup, which has been steadily building its presence in the Indian hospitality industry.
For those who may not be familiar with goSTOPS, it is a popular hostel chain that offers affordable and comfortable accommodation options to travelers. Founded in 2016, the startup has been expanding its presence across major cities in India, with a focus on providing a unique and memorable experience to its guests.
The ₹35 crore funding round is a significant milestone for goSTOPS, which has been growing rapidly over the past few years. The startup has been able to establish itself as a leader in the hostel industry, with a strong focus on providing high-quality accommodation options to travelers. The funding round will help goSTOPS to further expand its operations, improve its services, and increase its presence in the Indian market.
Blume Ventures, the lead investor in the funding round, is a well-known venture capital firm that has invested in several successful startups in India. The firm has a strong focus on investing in startups that have the potential to disrupt traditional industries and create new opportunities for growth.
“We are thrilled to lead this funding round for goSTOPS,” said Karthik Prabhakar, Managing Partner at Blume Ventures. “The startup has a unique value proposition that resonates with travelers, and we believe that it has the potential to become a leader in the Indian hospitality industry.”
goSTOPS has been able to build a strong brand reputation by offering a unique and memorable experience to its guests. The startup’s hostels are designed to provide a comfortable and relaxing environment, with amenities such as free Wi-Fi, laundry facilities, and a 24-hour front desk. The startup also offers a range of services, including tours and activities, to help travelers make the most of their stay.
The startup’s focus on providing a unique experience to its guests has been a key factor in its success. goSTOPS has been able to differentiate itself from traditional hotels and resorts by offering a more personalized and welcoming experience to its guests.
“We are committed to providing a unique and memorable experience to our guests,” said Punit Chopra, Co-Founder and CEO of goSTOPS. “We believe that our hostels offer a more personalized and welcoming environment than traditional hotels and resorts, and we are excited to continue expanding our operations and improving our services.”
The funding round will also help goSTOPS to expand its operations and increase its presence in the Indian market. The startup plans to use the funds to open new hostels in major cities across India, including Delhi, Mumbai, and Bangalore.
“We are excited to use this funding to expand our operations and increase our presence in the Indian market,” said Chopra. “We believe that there is a significant opportunity for growth in the Indian hospitality industry, and we are committed to capitalizing on this trend.”
In addition to expanding its operations, goSTOPS also plans to use the funding to improve its services and amenities. The startup is committed to providing high-quality accommodation options to its guests, and it is always looking for ways to improve its services and amenities.
“We are committed to providing the best possible experience to our guests,” said Chopra. “We are always looking for ways to improve our services and amenities, and we are excited to use this funding to make our hostels even better.”
The funding round is a significant milestone for goSTOPS, and it marks a major step forward for the startup. With the support of Blume Ventures and other prominent investors, the startup is well-positioned to continue its rapid growth and expansion in the Indian market.
Overall, the funding round is a testament to the potential of the Indian startup ecosystem and the opportunities that it presents for entrepreneurs and investors alike. With the support of investors like Blume Ventures, goSTOPS is well-positioned to continue its growth and expansion in the Indian market and to establish itself as a leader in the hospitality industry.
Source:
https://yourstory.com/2025/03/gostops-raises-rs-35-cr-in-series-a-round-led-blume-ventures
