The amount of acquisition has been left undisclosed.
The acquisition will help Wudstay expand into six new cities including Varanasi, Goa, Mumbai, Chandigarh, Dehradun and Pune. With this, Awesome Stays’ employees including its CEO, Deepak Sharma, will now join the WudStay team.
Wudstay, which started its operations in April this year had raised $3 Mn from Mangrove Capital Partners and Vikas Saxena, CEO of Nimbuzz. The startup claims to have a strong presence in Gurgaon, Manali, Delhi, Corbett, Haridwar and Jaipur wherein the company has clocked over 3000 nights just month.
The startup has tied up with about 40 guest houses and hotels in Gurgaon and Jaipur which are available at an affordable cost of INR 999 to INR 1,299.
According to Prafulla, Indian travel market will hit about $70-75 Bn in 2015. Wudstay is gearing up to tap this huge market. He added, “The acquisition comes at a time when Wudstay is aggressively looking at expanding its network across cities. Wudstay, which recently embarked on its journey to become the Gold Standard for budget hotels will expand to 65 new cities in the next 18 months. Deepak has been running Awesome Stays for 2 years and his experience will help us a lot.”