HotelsAroundYou failure

HotelsAroundYou

Booking of same-day hotel rooms

Description

HotelsAroundYou was an India focused service centered on last minute and short stay bookings. It offered users with the option to book hotels for two types of stays: day transit option or night use hotel. The app featured hotels that had unsold rooms and got a commission when users booked a hotel through the app.

Stats

Category
Travel
Country
India
Started
In 2013
Closed
By 2017
Number of Founders
Three
Name of Founders
Animesh Chaudhary, Harsha Nallur, Mohsin Dingankar
Number of Employees
Between 1 And 10
Number of Funding Rounds
1
Total Funding Amount
$125.4K
Number of Investors
2
Precise Cause of Failure
Competition
Business Outcome
Shut Down

Cause of Failure

The app was offering a service that had already many competitors that had decades of experience and users’ trust. HotelsAroundYou was unable to elicit an additional round of funding from investors and it went on to quietly shut down while its founders had already relocated to other companies.

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