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 in
2017
Number of Founders
3
Name of Founders
Animesh Chaudhary, Harsha Nallur, Mohsin Dingankar
Number of Employees
1-10
Number of Funding Rounds
1
Total Funding Amount
$125.4K
Number of Investors
2

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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