QiK Stay to add 800 hotels, 50 new cities in 2016

Online budget hotels aggregator QiK Stay is looking to add around 800 hotels and expand to 50 new cities across the country this year.
"We are planning to add 800 hotels and expand our presence in 50 more cities by end of 2016," QiK Stay Founder and CEO Jasveer Singh told PTI.
The company currently has over 200 hotels with an inventory of around 3,000 rooms in 50 cities.
Apart from strengthening its presence in metros and big cities, the company will focus on tier-II and tier-III cities for expansion, he added.
Asked about the locations the company is looking at for expansion, Singh said, "It will be mainly in smaller cities, leisure and religious destinations."

The company is also looking at raising funds for its expansion plans.
"We are planning to raise up to USD 8 million in coming two to three months. It will be through VC funding," he added, but did not disclose the name of the probable investors.
As part of the growth strategy, the company is also planning to hire around 100 people, mainly in the business development segment.