Budget hotels aggregator WudStay is looking to expand its presence in 30 new cities in next 12 months. The company is also looking for the third round of funding in next 3-4 months.
Wudstay Founder and CEO Prafulla Mathur told The Pioneer that his company is currently present in 35 cities in the country with over 18,000 bookings and 3,000 rooms on offer mainly in the budget segment. With its expansion plans the company is eyeing to make its presence felt in 65 cities in upcoming months.
“We plan to be present in 65 cities in next 12 months with a total tally of 10,000 rooms. As of now we are already present in 35 cities,” he said. He thought of founding a budget accommodation portal after his bad experiences with other companies offering similar kind of services. Worked based on his personal experiences and seeing the need of the travelers and providing them standardised accommodation with basic facilities, WudStay was launched in April this year and started operations in June.
Earlier in July the company had raised $3 million in its second round of funding from Mangrove Capital Partners and Nimbuzz CEO Vikas Saxena. The platform planned to use the funds for hiring, expanding its operators and building its technology platform.
WudStay claimed to have tie ups with around 40 guest houses and boutiques in Gurgaon and Jaipur for 400 rooms. It mentioned that it would expand to another 65 cities over the next a few months. The rooms are offered for rent on the platform for Rs1000 to Rs3000.