Bangalore’s startup ecosystem has just added another novel concept- an affordable hostel for startup entrepreneurs – the Construkt Startup Hostel. Founded by Shashikiran Rao, the co-founder and head of business development at Construkt, and Karan Bahadur, the hostel aims not only to offer a cost-effective boarding facility to startups but also creat touch-points for the community to mingle in the city which is often touted as India’s Silicon valley.
The idea to open the Construct Startup hostel was inspired by Rao’s visit to Berlin last year, where he got a chance to interact with many from the entrepreneurial community. On his return, Rao conducted a small survey “of founders of startups and realized that there was a requirement of at least 18,000 room nights per year.” This sowed the seed of a startup hostel where startup founders could meet more likeminded people, just like the backpacker tribe. Inspired by them, the hostel tag line says, “ Home for the hackpacker in you.”
The three storied hostel is located in one of Bengaluru’s biggest startup hubs Indiranagar, and is painted in cheerful orange and white hues. Work started on the 3500 sq ft rented place last November, with around INR 22 lakh spent on doing up the place. Priced at INR 850 a bed per day, Construkt offers bunk beds in rooms that are shared between two to eight persons.