Travel Hostel Startup GoStops Raises Rs 35 Cr Funding Led By Blume Ventures

Backpacker hostel brand goSTOPS has raised Rs 35 crore ($4.2 million) in its Series A funding round led by Blume Ventures and 1Crowd.

The round also saw participation from other existing investors, including Mumbai Angels, Chennai Angels, Indian Angel Network, Lead Angels, and Yuj Ventures.

Funding Utilisation 

With this new funding, goSTOPS plans to grow its capacity from 2,500 to 10,000 beds across 100 locations in the next two years, aiming for 4X growth. The company will use the funds to improve its operations, upgrade technology, and enhance the social and experience aspects of its current properties. They are also working on debt partnerships to support further expansion.

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"This investment reflects the trust our investors have in our vision and the category we are building. With their continued support, we are set to scale goSTOPS into India’s most preferred youth travel brand—by expanding our footprint while staying true to our promise of making the transformative power of travel accessible to young Indians," said Pallavi Agarwal, Founder and CEO at goSTOPS.

"By integrating tech deeply into our operations, we’ve made service delivery foolproof, enabling any team member to operate with precision while ensuring guests have complete control over their stay. Whether it’s resolving service requests within 15 minutes, facilitating social interactions, or enhancing security, every element is optimized for the digitally native traveller," said, Pankaj Parwanda, Co-founder of goSTOPS.

“goSTOPS has built a category-defining brand by combining deep operational expertise, smart asset management, and tech-driven efficiencies. Their ability to optimise unit economics while scaling rapidly is a testament to the team’s tenacity and strategic vision. We are excited to back their journey as they continue to expand and transform the youth travel experience in India,” said Ashish Fafadia, Partner at Blume Ventures. 

"Their team isn’t just about asset utilisation; it’s about creating experiences that resonate with young travellers. This belief has been central to us leading the company's multiple rounds of equity financing, and we are now excited to see the next phase of their growth,” said Anil Gudibande, Co-founder of 1Crowd.

About goSTOPS 

Cofounded in 2014 by Pallavi Agarwal and Pankaj Parwanda, goSTOPS is a tech-focused, community-driven brand that provides immersive experiences for young, tech-savvy travelers. 

It operates in over 30 locations across India, including Uttarakhand, Himachal Pradesh, Rajasthan, Uttar Pradesh, Karnataka, Tamil Nadu, and Kerala. The brand targets people aged 18 to 35, catering to leisure, business, and spiritual travelers.

goSTOPS has its own tech system, which includes the goSTOPS app for guests and the goCREW app for staff. The system offers features like app-based check-ins, digital door locks, smart lockers, power controls, Wi-Fi authentication and real-time service requests.

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