Roadhouse Hostels, a Goa based chain of backpackers’ hostel, has secured an undisclosed amount of investment from Indian Angel Network. The funding round was led by Ambarish Raghuvanshi and Vikas Kuthiala and will also be joining the board of the company.
The raised funding will be utilized by the company to set up new properties. It will also use money to build its brand, setup an extremely passionate team and infuse technology to support the venture.
The company was started by a group of three school friends – Uday Jhamb, Shubham Garg and Rajesh Borah in 2014 with their first hostel starting its operations in Goa in November 2014. It offers air-conditioned dormitories with bunk beds and private rooms.
They also have a common room where the guests can unwind and share their experiences with other travelers. It also offers a recreational room where a play-station, a fuss-ball table, and a pool table are pre-installed to let the travelers have the right amount of fun.
Uday Jhamb, Co-Founder at Roadhouse Hostels, said,
We understand the needs of a traveller quite precisely and so we provide exactly the same look and feel of a place that they would prefer staying at. IAN is amazingly structured and has guided us extensively throughout the process. We look forward to a long and a fruitful association with them.
Presently Roadhouse, which is currently operational in only two places – Goa and Jaipur, is looking forward to start its operations in five more cities in near future.
The startup is mainly focused areas include Safety, Comfort and Ubercool. For the company, security of their customers is a prime concern and so they have installed cameras and electronic entry for guests.
It claims to be offering the comfort of living with superior quality ambience for the customers, with very minimal cost but a priceless experience. It also believes in adding a bit of fun in the customer’s life and try to do some collaborative efforts to get the happiness floating around.
Commenting on the investment, lead IAN investor Ambarish Raghuvanshi said,
The backpacker space is seeing a lot of interest from founders and investors. However, the key will be to build an organisation model to replicate many such hostels and to deliver superior and consistent service. We invested when they had a hostel in Goa. They now have one in Jaipur.
More importantly, I feel that with their passion and complementary skills, they have a real chance to build an organisational structure that will help create a network and community of past and potential users. IAN takes an active role in the investments it makes and as a Lead Investor, I look forward to working with the team and the Co-Lead Investors (Vikas Kuthiala and Rajeev Arora) on this challenging and interesting idea.