You are here: Home » Companies » News
Business Standard

Find My Stay to raise up to $8 mn for overseas expansion

Company allows users to book a hotel at exactly the price they wish to pay for their stay through online bidding

K Rajani Kanth  |  Hyderabad 

Find My Stay, a New Delhi-based start-up that operates a hotel booking website with the same name, is planning to raise a capital of $5-8 million to launch international inventory and roll out more vanilla offerings during the next calendar year.

“Our idea is to introduce the regular ‘search and booking’ service in the domestic market towards early 2014 and then focus on launching an international inventory by the end of next year,” Rohit Kheterpal, co-founder of Find My Stay, said.

Self-funded by Kheterpal and another co-founder Simran Sial, the one-year-old company offers ‘Find My Stay @ My Price’ service. This allows users to book a hotel at exactly the price they wish to pay for their stay through an online bidding (or reverse auction). has arrangements with more than 10,000 hotels in India, offering a room inventory of close to 200,000, including service apartments and guest houses.

“We are in talks with various partners and wholesalers globally to offer more than 100,000 hotels targeting both leisure and business travellers,” Kheterpal said, adding the company was working on a mobile application, which should be ready for commercial launch in the next 3-4 months.

Stating that travel booking as a market in India was very fragmented, with a majority of the bookings still being made through the traditional offline mode (agents), he said the Indian online hotel booking market, currently pegged at $1 billion, was seeing a huge traction since the last couple of years, registering a growth of over 50 per cent each year.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, December 25 2013. 20:49 IST