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Premium Budget Hotel Chain, Qik Stay, Raises $250K

Premium Budget Hotel Chain, Qik Stay, Raises $250K

Delhi-based Qik Stay, a hotel branding and aggregator startup, has raised $250K in seed round of funding from venture capital firm, I.D. Enablers Pvt. Ltd. The transaction was closed in August.

Qik Stay (earlier ZoZo Stay), was founded in June this year by Jasveer Singh. The startup aims to offer premium quality hotels at affordable prices and a standardised experience with seamless booking.

“For a hospitality company like ours, most of the players are not focusing on customer service and satisfaction but increasing customer base right now. Which is where we come in – we guarantee uniform quality and services across all our hotels while at the same time not burning a hole in the customer’s pocket,” said Jasveer Singh, founder & CEO at Qik Rooms.

Users can access the services via web as well as Android app. The startup plans to launch its iOS and Windows apps shortly.

Currently, Qik Rooms currently has partnered with over 30 hotels in Delhi, Gurgaon, Ghaziabad, Ludhiana, Chandigarh, Kanpur and Lucknow.

Qik Rooms will use the funds to expand its services across the country.

Speaking on the competition, Jasveer Singh said, “Unlike our competitors who are aggregating all sorts of hotels, lodges, etc, we only hand-pick very few premium hotels at prime locations. This will not only help us eventually grow as a trusted service provider, but will also let the customers make a trouble-free choice.”

The hotel industry in India is poised between $25 Bn to $40 Bn. Other players who are operating in budget space include Oyo Rooms and Zo Rooms.

Oyo Rooms is building the ‘OYO Premium Brand Hotels’, that will strive to offer more than the OYO basic brand. Delhi-based WooStays is also another player which offers premium and luxury hotels. Earlier in September, ZO Rooms had also launched its premium offering in the category of 3 star hotels across India, ZO Prime.

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