Tag: Hospitality Industry

  • 10 Richest Royal Families in India and Their Source of Lavish Livelihood

    Even though a monarch no longer rules India there are no kingdoms as there used to be once. We can still find many royal families in India living life with grandeur and richness. Some still live in palaces, while some own considerable stakes in other real estate.

    In 1971, when the Indian Constitution had its 26th amendment, many privileges were lost by the royal families in India. However, even though they lost their royal titles and status, some continue to live a life of luxury to date. All thanks to the fame and fortune left behind by their ancestors. It helped them persist in their royal identity and still have a good amount of influence and power with them.

    But the things left by their ancestors won’t last forever, at least not the money, and they know this. So, while still maintaining their royalty, many royal families have tried various ways to earn a livelihood. So, though they won’t get their royal treasure and power back, they still have their luxury and stature to preserve.

    Here, we have brought you a list of 10 rich royal families in India and how they live and earn a livelihood.

    List of 10 Richest Royal Families in India With Their Net Worth

    Royal Families Net Worth (Approx)
    Royal Family of Jodhpur INR 22,000 Crores
    Royal Family of Jaipur INR 20,000 Crores
    Gaekwads of Baroda INR 20,000 Crores
    Royals of Mewar INR 10,000 Crores
    Wadiyar Dynasty INR 10,000 Crores
    Alsisar Royal Family INR 3,000 Crores
    Royal House of Bourbon INR 1,900 Crores
    The Nawabs of Pataudi INR 800 Crores
    Bhonsale Dynasty INR 500 Crores
    Royal Family of Jamnagar

    Royal Family of Jodhpur

    Primary Source of Income: Hospitality Industry

    Royal Family of Jodhpur - Richest Royal Family in India
    Richest Royal Family in India – Royal Family of Jodhpur

    The Royal Family of Jodhpur, led by Maharaj Gaj Singh II, represents a fascinating blend of regal heritage and modern entrepreneurship. This family, ruling from the iconic Umaid Bhawan Palace, one of the world’s largest private residences, showcases a successful transition from traditional royalty to contemporary business magnates.

    Currently, Maharaj Gaj Singh II lives with his family in the Umaid Bhawan Palace. It is speculated that the Royal Family of Jodhpur has a net worth of INR 224 billion.

    How Does the Royal Family of Jodhpur Make Money?

    • Spread across an area of 11 hectares, the Umaid Bhawan Palace has 347 rooms and four tennis courts, swimming pools, etc. This is the palace where famous Bollywood Actress Priyanka Chopra married the American singer & actor Nick Jonas. This palace serves as a significant source of income for the royal family.
    • Maharaja Gaj Singh II has once served as a member of the Rajya Sabha. A few years ago, he was the Indian High Commissioner to Trinidad and Tobago.

    Historical and Economic Significance

    The Rathore family, with Maharaj Gaj Singh II at the helm, has a storied past that dates back centuries. The family’s wealth stems from owning significant historical properties like the Mehrangarh Fort and the Umaid Bhawan Palace. These landmarks are not only cultural treasures but also substantial income sources due to their transformation into tourist destinations and luxury accommodations.

    Umaid Bhawan Palace: An Absolute Marvel

    Umaid Bhawan Palace - Richest Royal Family in India
    Umaid Bhawan Palace – Richest Royal Family in India

    The Umaid Bhawan Palace, a majestic structure sprawling over 11 hectares, is ingeniously divided into three parts. The royal family resides in one segment, while another is operated as a luxury hotel by the Taj Hotels, reflecting a strategic partnership that enhances their financial stability. The third part serves as a museum, attracting tourists worldwide and adding to the family’s revenue streams. This palace gained additional fame as the venue for high-profile events, including the wedding of Priyanka Chopra and Nick Jonas.

    Banking Upon Heritage for Modern Business

    In the 1970s, facing financial difficulties, Gaj Singh II, affectionately known as Bapji, returned from England determined to revitalize his family’s fortunes. He transformed ancestral palaces into museums and luxury hotels, a move that not only preserved the family’s heritage but also established a sustainable income source. This strategic shift mirrored successful models adopted by other royal families in Rajasthan, ensuring both the preservation of cultural heritage and financial viability.

    Chanwa Fort: A Transformation Story

    Chanwa Fort
    Chanwa Fort

    The narrative of Chanwa Fort, under Maharaja Dalip Singhji, exemplifies the adaptive reuse of royal properties. Initially a financial drain, the fort’s conversion into a heritage hotel in 1992 turned it into a profitable venture. This transformation was timely, coinciding with a boom in tourism in Rajasthan, which helped secure the fort’s status as a desirable destination for international and domestic visitors.

    Collaboration and Restoration

    The royal family’s active involvement in the restoration and management of their estates is crucial. Working closely with restoration artists, they ensure that renovations respect the historical integrity of the properties while providing modern luxuries to guests. This collaborative approach helps maintain the authenticity of the royal residences, upscaling guest experiences and ensuring the family’s continued relevance in the heritage tourism sector.

    The Royal Family of Jodhpur exemplifies how traditional dynasties can hover through the challenges of modernity by making the most out of their historical assets, entrepreneurial spirit, and innovative business strategies. Their journey from rulers of a princely state to influential players in the global hospitality industry highlights their adaptability and emphasis on prosperity as a whole.

    Royal Family of Jaipur

    Primary Source of Income: Hospitality Industry

    The Royal Family of Jaipur - Richest Royal Family in India
    Richest Royal Family in India – The Royal Family of Jaipur

    Nestled in the heart of Rajasthan, the Royal Family of Jaipur, also known as the Kachwaha dynasty, continues to embody the regal heritage and cultural splendor of the region. Bhawani Singh, the last titular head of Jaipur, died at 79 in April 2011.

    Bhawani Singh also served as lieutenant Colonel and Brigadier in the Indian army from 1951 to 1975. With no son to appoint as his heir, Bhawani Singh decided to adopt his only daughter, Diya Kumari’s son, Padmanabh Singh, as his successor. Padmanabh was crowned as the Maharaja of Jaipur in 2011. One of the richest Indian royal family, Bhawani Singh’s lineage continues through Padmanabh Singh, who now holds the title of Maharaja of Jaipur. Maharaja Padmanabh has played a pivotal role in both preserving and modernizing the family’s legacy. With an estimated net worth between $697 million and $855 million, the Royal family of Jaipur’s wealth is not only steeped in history but also a variety of modern entrepreneurial ventures.

    How Does the Royal Family of Jaipur Make Money?

    • Padmanabh Singh is a national-level polo player. The young man is also an enthusiastic traveler who has grabbed the attention of various magazines.
    • The royal family contributed the Rambagh palace to the Taj Hotel to manage and run the place like a hotel.
    • Padmanabh has recently partnered with Airbnb and has put up a suite in Jaipur. It also aids in the financial income of the family.

    Historical Significance and Wealth Sources

    The Jaipur royal family’s wealth historically stems from vast land holdings, palaces, and valuable possessions passed down through generations. Additionally, their financial portfolio is diversified with investments in businesses and real estate. Despite the formal abolition of princely titles in 1971, the family’s influence and wealth continue to make them a significant entity in India.

    Modern Ventures and Cultural Contributions

    Taj Hotel's Rambagh Palace - Richest Royal Family in India
    Taj Hotel’s Rambagh Palace – Richest Royal Family in India

    In the 1990s, the Jaipur royal family, along with other Rajasthani royals, began transforming their palaces into heritage hotels. This initiative not only preserved the architectural legacy but also revitalized the local economy by boosting tourism and creating jobs. The family’s Rambagh Palace, managed by the Taj Hotel, exemplifies this successful blend of heritage preservation and luxury hospitality.

    Culinary Heritage and Innovations

    The royal family has also ventured into the culinary world, using ancestral recipes to attract tourists. These traditional dishes, served in their heritage hotels, offer guests a taste of royal life. The initiative to serve heritage food has not only preserved traditional cuisine but has also become a unique selling point for their hospitality business.

    Philanthropy and Social Contributions

    Proceeds from various ventures, especially those from partnerships like the one with Airbnb, support charitable causes. Princess Diya Kumari’s foundation benefits from these revenues, focusing on social and educational projects that aid the local community.


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    Royals of Mewar

    Primary Source of Income: Tourism & Hospitality Industry

    Royals of Mewar - Richest Royal Family in India
    Richest Royal Family in India – Royals of Mewar

    The Mewar dynasty, one of India’s most storied royal lineages, traces its origins back to the 7th century with notable figures like Maharana Pratap, symbolizing strength and resistance. In March 2025, Shriji Arvind Singh Mewar, the 76th Custodian of the Mewar dynasty, passed away at the age of 81. Under his leadership, the family had successfully transitioned from traditional royalty to modern-day entrepreneurship. The family legacy is now continued by his son, Shriji Lakshyaraj Singh Mewar, who becomes the 77th Custodian of the Mewar dynasty. He is expected to carry forward his father’s work and vision, managing the operations of the HRH Group of Hotels.


    How Does the Royal Family of Mewar Make Money?

    • The family also owns various heritage hotels, resorts, and charitable institutions across Rajasthan.
    • Some of the royal properties, such as the Lake Palace and the Fateh Prakash Palace, are given to the Taj Group of Hotels for lease management.
    • They have opened a part of the Udaipur City Palace for tourism.

    Historical and Economic Significance

    The Mewar dynasty has historically been a powerhouse of wealth and influence, with its roots deeply embedded in the golden soil of India’s history. The family’s wealth is largely derived from extensive land holdings, which historically included vast tracts of agricultural land that provided a steady income through produce, rents, and other related activities. Over the centuries, the dynasty has accumulated significant assets through trade, taxation, and tributes from vassal states.

    Heritage and Tourism

    City Palace Udaipur - Richest Royal Family in India
    Richest Royal Family in India – City Palace Udaipur

    Shriji Arvind Singh Mewar was the head of the HRH Group of Hotels until March 2025, which has over ten hotels under it. The royal family of Mewar owns several heritage properties, including iconic palaces and forts, which have been transformed into major tourist attractions. These include the famed City Palace in Udaipur, which now houses museums and luxury hotels, contributing substantially to the family’s income. The strategic leasing of properties like the Lake Palace and the Fateh Prakash Palace to the Taj Group of Hotels has also bolstered their financial portfolio, blending historical preservation with modern hospitality.

    Under the leadership of Shriji Lakshyaraj Singh Mewar, the family is expected to continue these initiatives, while potentially expanding their ventures into new opportunities.

    Diversified Investments and Ventures

    Beyond real estate and hospitality, the Mewar family has diversified its investments across various sectors. This includes involvement in educational and charitable institutions, which not only enhance their societal contributions but also solidify their financial base. The family’s engagement in cultural patronage and support of the arts further enriches their role in India’s cultural significance, maintaining their status as influential figures in both economic and social spheres.


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    The Nawabs of Pataudi

    Primary Source of Income: Arts

    The Nawabs of Pataudi - Richest Royal Family in India
    Richest Royal Family in India – The Nawabs of Pataudi

    How could our list be complete without mentioning Bollywood’s Pataudi Clan, one of the richest royal families in India? The Nawabs of Pataudi, with their illustrious lineage rooted in the princely state established in 1804, represent a fascinating blend of historical depth and modern allure. It’s almost unlikely that anyone from India hasn’t heard the name of the Bollywood Actor Saif Ali Khan. But some might not be aware that he is a descendant of the Nawabs of Pataudi.

    The last titular head of the Pataudi Clan was Mansoor Ali Khan Pataudi – a Nawab. He was a former captain of the Indian Cricket Team. Mansoor Ali married the Bollywood actress Sharmila Tagore, and they had three children, Saif Ali Khan being one of them.

    This royal family, currently led by Saif Ali Khan, has adeptly hovered through the circles of both heritage and contemporary enterprise. Saif, an acclaimed actor in the Indian film industry, has been able to successfully leverage his royal background and personal achievements to sustain and grow the family’s influence and wealth.

    How do the Nawabs of Pataudi Make Money?

    • Presently, Saif Ali Khan holds the title of Nawab of Pataudi and is an actor, and he has outstanding earnings from Bollywood.
    • Apart from being a Bollywood actor, he also owns the Pataudi Palace, worth around ₹800 crores.
    • He is also married to Bollywood Actress Kareena Kapoor, which also adds income to the Pataudi Family.

    Historical and Cultural Legacy

    The Pataudi family’s origins trace back to the 16th century, with their ancestry linked to the Afghan Muslim Pashtuns of the Barech tribe. The family’s prominence rose with Faiz Talab Khan, who was made the first Nawab by the British East India Company for his assistance during the Second Anglo-Maratha War. Over the generations, members such as Iftikhar Ali Khan Pataudi and Mansoor Ali Khan Pataudi added to their legacy, the latter being a celebrated captain of the Indian cricket team.

    Pataudi Palace: A Symbol of Royal Grandeur

    Richest Royal Family in India - Pataudi Palace
    Richest Royal Family in India – Pataudi Palace

    The Pataudi Palace, conceptualized in 1939 and inherited by Saif Ali Khan in 2014, stands as an ode to the family’s regal past and their ongoing influence. This grand estate, also known as Ibrahim Kothi, sprawls over 10 acres and features 150 rooms, each adorned with unique memorabilia. Beyond serving as a private residence, the palace boosts the family’s income through film shoots and events, hosting movies like Rang De Basanti and Animal, which showcase its architectural beauty.

    Diversification of Income Sources

    Saif Ali Khan in the Pataudi Palace
    Saif Ali Khan in the Pataudi Palace

    The family’s financial portfolio is robust, encompassing real estate, tourism, and Saif Ali Khan’s career in Bollywood. Saif’s roles in films such as Dil Chahta Hai and Sacred Games have not only cemented his status as a leading actor but also contributed significantly to his wealth. Additionally, the Pataudi Palace operates as a luxury hotel, adding a substantial revenue stream. This blend of historical assets and modern entrepreneurial ventures illustrates the family’s dynamic approach to wealth management.

    Modern Adaptations and Challenges

    The Nawabs of Pataudi have faced their share of challenges, particularly with the legal complexities surrounding properties classified as ‘enemy properties.’ Despite these hurdles, they have maintained their estate’s legacy while adapting to contemporary economic changes and evolutions. Saif Ali Khan’s strategic decisions, such as repurchasing the ancestral palace and investing in diverse sectors, reflect a modern interpretation of his royal heritage, ensuring the family’s relevance and prosperity in today’s world.

    Alsisar Royal Family

    Primary Source of Income: Hospitality Industry & Events

    Richest Royal Family in India -Alsisar Royal Family
    Richest Royal Family in India -Alsisar Royal Family

    In the beautiful state of Rajasthan, the Royal Family of Alsisar stands as a prominent example of how traditional royalty has adapted to the modern world. The family, which originates from the historic kingdom of Khetri, is currently led by HH Abhimanyu Singh, the sixteenth scion. This lineage not only boasts a rich history but also a powerful presence in today’s cultural and economic spheres.

    How Does the Alsisar Royal Family Make Money?

    • The Alsisar family owns grand palaces across Jaipur and Ranthambore.
    • The royal family also runs several hotels on their properties.
    • Apart from running all these palaces and hotels, Abhimanyu Singh is also a co-sponsor of India’s hippest annual EDM festival, Magnetic Fields. Singh is called the party prince of India.

    Historical and Economic Significance

    The Alsisar family’s roots trace back to the 18th century with Maharaja Shekhawat Pratap Singh, known for his might and contributions to Rajasthan’s cultural heritage. Over the centuries, the family has played a significant role in defending their legacy and preserving the rich Rajput traditions. Today, their wealth is largely derived from ancestral properties and investments in various sectors, including heritage tourism and hospitality.

    Architectural Heritage and Tourism

    The Alsisar family owns several grand palaces in Jaipur and Ranthambore, which have been transformed into major tourist attractions. Iconic landmarks like the Alsisar Mahal highlight their architectural grandeur and cultural significance. These properties, converted into heritage hotels, draw visitors from around the globe, providing a substantial income stream while allowing the family to maintain their historical estates.

    Diversification of Income Sources

    Under the leadership of Abhimanyu Singh, the family has diversified their income sources beyond traditional property management. They are actively involved in the hospitality industry, running several successful hotels on their properties. Moreover, Abhimanyu Singh is known as the party prince of India due to his role as a co-sponsor of the popular annual EDM festival, Magnetic Fields, which blends modern entertainment with royal hospitality.

    Cultural and Social Contributions

    The Royal Family of Alsisar is deeply engaged in promoting the cultural heritage of Rajasthan. They manage heritage properties and museums that attract tourists and scholars, enhancing the cultural understanding of the region. Additionally, the family participates in philanthropic activities, supporting education, healthcare, and community development, which showcases their relentless focus on social responsibility.

    Gaekwads of Baroda

    Primary Source of Income: Politics & Real Estate Business

    Royal Gaekwads of Baroda - Richest Royal Family in India
    Royal Gaekwads of Baroda – Richest Royal Family in India

    The Gaekwad Dynasty, a prominent Maratha clan, has been a significant part of India’s royal history, with its roots stretching back to the early 18th century when Pilaji Rao Gaekwad established their rule by conquering the city of Baroda from the Mughal Empire. The dynasty was officially granted the city as a jagir by Chhatrapati Shahu I, marking the beginning of their long-standing influence in the region. Samarjitsinh Gaekwad is the head of the royal family of Vadodara. When he succeeded to the throne, he owned approximately ₹20,000 crores.

    How do the Gaekwads of Baroda Earn Money?

    • It includes primarily real estate, land, and Laxmi Vilas Palace.
    • He also inherited paintings by Raja Ravi Verma and gold, silver, and royal jewelry.
    • One of the primary sources of his income is managing temple trusts that add up to 17 temples across Gujarat and Banaras.
    • Samarjitsinh has also represented himself in the Ranji trophy of his state as a cricketer.
    • He was also engaged in politics for some time but has been inactive since 2017.

    Historical and Economic Significance

    The Gaekwads initially served under the Dabhade family, the Maratha chiefs of Gujarat. However, after a series of power shifts and allegiance changes, notably during and after the Third Battle of Panipat in 1761, they emerged as significant rulers within the Maratha Confederacy. Their autonomy was later recognized by the British through the Treaty of Cambey in 1802, which acknowledged their rule in exchange for a strategic alliance.

    Modernisation and Philanthropy

    Maharaja Sayajirao Gaekwad III, who reigned from 1875 to 1939, was particularly noted for his progressive reforms and efforts to modernize Baroda. He introduced compulsory primary education, a library system, and the Maharaja Sayajirao University of Baroda, significantly contributing to the region’s development. His initiatives also extended to the economic realm, where he promoted the establishment of textile mills, laying the foundation for Baroda’s textile industry.

    Cultural and Architectural Contributions

    Laxmi Vilas Palace
    Laxmi Vilas Palace

    The Gaekwads were also patrons of the arts and culture, which is evident from their extensive support of music, literature, and fine arts. The Laxmi Vilas Palace, an architectural marvel and one of their most significant legacies, stands as a fitting tribute to their refined aesthetic sensibilities and royal grandeur. This palace not only serves as a residence but has also been a venue for various cultural and social events, further highlighting the dynasty’s role in promoting cultural heritage.

    Current Status and Legacy

    Today, the head of the family, Samarjitsinh Gaekwad, continues to manage the vast estate which includes the iconic Laxmi Vilas Palace and numerous other properties. His inheritance includes an impressive collection of artifacts and paintings by Raja Ravi Varma, alongside managing temple trusts across Gujarat and Banaras. Despite the formal abolition of the monarchy, the Gaekwads of Baroda are still held in high regard and play an active role in regional and cultural affairs, embodying a blend of royal tradition and modern entrepreneurship. The Gaekwad Dynasty’s journey from feudal lords to modern-day cultural custodians and entrepreneurs illustrates a unique adaptation to changing times while maintaining their regal stature and commitment to public welfare.

    Wadiyar Dynasty

    Primary Source of Income: Hospitality Industry & Silk Business

    Wadiyar Dynasty - Richest Royal Family in India
    Wadiyar Dynasty – Richest Royal Family in India

    The Kingdom of Mysore was ruled by the Wadiyar Dynasty back in the day. They trace their history to the Yaduvanshi clan of Lord Krishna.

    In 1612, a curse on the Wadiyar dynasty by Queen Alamelamma of Vijaynagar for capturing the throne that Mysore kings would never bear children. This curse seems to be proving true for the last 400 years for the royal family of India.

    Even now, the head of the dynasty is 27-year-old Yaduveer Krishnadutta. Chamaraj Wadiyar is not the direct heir whose net worth is approximately INR 10,000 crores.

    His uncle, Srikantadatta Wadiyar, died in 2013, and couldn’t name a successor as he had no children. And hence, his wife, the Rajmata, adopted Yaduveer as their son and turned him into the king.

    The Wadiyar Dynasty, historically known as the royal family of Mysore, has played a significant role in shaping the economic and cultural scenario of Southern Karnataka. Their lineage has been pivotal in the region’s history, especially noted for their rule over the Kingdom of Mysore until Indian independence in 1947.

    How Does the Wadiyar Dynasty of Mysore Make Money?

    • Royal Silk of Mysore was started by Srikantadatta. Mysore as the top silk producer, the family’s brand remained a significant income source.
    • The present king, Yaduveer, holds a degree in English Literature and economics and works on tourism and heritage infrastructure development and promoter in Mysore.
    • They also earn an income by renting their palace grounds in Bangalore for marriages and functions.
    • It is speculated that the family has assets worth Rs 10,000 crore.

    Historical Wealth and Sources of Income

    The Wadiyar family’s wealth historically stemmed from extensive land holdings, royal privileges, and astute investments. They owned vast tracts of land around the Kingdom of Mysore, which were a major source of income through agricultural produce, rents, and other related activities. Additionally, as rulers, they had the right to collect taxes from the residents of their kingdom, further bolstering their economic strength.

    Investments and Economic Challenges

    Over the years, the Wadiyar family expanded their economic base through investments in real estate, stocks, and various business ventures. Despite these efforts, the abolition of the privy purse in 1971 posed significant financial challenges, leading to a period of economic instability. The family faced numerous legal battles and bureaucratic hurdles, particularly with the Income Tax authorities and the Government of Karnataka, which strained their financial resources.

    Tourism and Cultural Contributions

    The Mysore Palace
    The Mysore Palace

    The Mysore Palace, a stunning symbol of their architectural patronage, serves as a major tourist attraction, drawing revenue from ticket sales, guided tours, and souvenir shops. The palace’s maintenance and operations became a joint effort with the government, ensuring its preservation and accessibility to the public. This partnership, although fraught with challenges, has helped maintain the palace as a key cultural and historical site.

    Modern Ventures and Legacy

    In more recent times, the Wadiyars have ventured into modern business with initiatives like The Royal Silk of Mysore, a silk brand that has gained renown both nationally and internationally. Following the passing of Srikantadatta Wadiyar in 2013, the dynasty saw a significant transition when Yaduveer Krishnadutta Chamaraj Wadiyar was adopted and bestowed with the royal title, marking a new era for the family.

    The Wadiyar Dynasty’s journey through India’s history speaks volumes about their resilience and adaptability. From ruling monarchs to modern entrepreneurs, they have managed to sustain their legacy while contributing significantly to the region’s economy and culture. Their story is not just one of wealth and royalty but also of overcoming adversities and evolving with the times.


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    Bhonsale Dynasty

    Primary Source of Income: Politics

    Uday Singh of Bhonsle Dynasty - Richest Royal Family in India
    Uday Singh of Bhonsle Dynasty – Richest Royal Family in India

    Living in India, you must have heard about Chhatrapati Shivaji Maharaj and the Maratha Empire. Shivaji Maharaj was a member of the Bhonsle Maratha Dynasty. However, you might not be aware that their descendants are still scattered around various places in Maharashtra, continuing the legacy of one of the prominent royal families of India.

    One of the descendants, Udayanraje Bhosale of Satara, is said to be the 13th Chhatrapati titleholder. Apart from that, he is also an Indian Politician.

    The House of Bhonsales, a prominent Marathi royal house, is renowned for its significant historical and cultural influence in India. Originating from the Kunbi Marathas and claiming descent from the Rajput Sisodia dynasty, the Bhonsales have been key figures in the Maratha region since the late 16th century.

    How Does the Bhonsale Dynasty Make Money?

    • Udayanraje Bhosale has been serving as a member of the Rajya Sabha from Maharashtra since 2020 and is a member of the Bharatiya Janata Party (BJP).
    • He was also an MP of Lok Sabha from the Satara Constituency from 2009 to 2019.
    • Bhosale was earlier a member of the Bharatiya Janata Party and a member of the Maharashtra Legislative Assembly from 1998 to 1999.
    • Politics has been a significant source of income for this family, and it has been declared to have a net worth of around INR 500 crores as of 2020.

    Founding and Expansion

    The dynasty was established by Maloji Bhosale in 1577, a prominent general under Malik Ambar of the Ahmadnagar Sultanate. Maloji was honored with the title of Raja by Bahadur Nizam Shah in 1595 or 1599, marking the beginning of the Bhonsale’s rise to power. Alongside his wife Uma Bai, Maloji had two sons, Shahaji and Sharifji, who were integral to the dynasty’s expansion.

    Establishment of the Maratha Empire

    The Maratha Empire, founded by Shivaji I, grandson of Maloji, in 1674, was a stronghold against invasions from the Mughal Empire and the Bijapur Sultanate. Shivaji’s vision of Hindavi Swarajya emphasized a government for and by the people, reducing the power of elites and increasing the representation of the common populace.

    Prominent States and Modern Descendants

    The Bhonsale dynasty ruled over several significant states including Satara, Kolhapur, Thanjavur, Nagpur, Akkalkot, Sawantwadi, and Barshi. These regions flourished under their governance, contributing to the dynasty’s wealth and legacy. In the present day, descendants such as Chatrapati Udayan Raje Bhosale and Yuvraj Pratapsinh Raje Bhosale continue to uphold the family’s esteemed heritage.

    Cultural and Social Contributions

    The Bhonsales have been staunch patrons of the arts and culture, significantly influencing Marathi culture and politics. Their support extended to various social reforms and the promotion of education, which have left a lasting impact on the regions they governed.

    Royal House of Bourbon

    Primary Source of Income: Hospitality Industry

    Royal House of Bourbon - Richest Royal Family in India
    Royal House of Bourbon – Richest Royal Family in India

    Did you know about the existence of an Indian royal family claiming lineage to the extinct throne of the Kingdom of France? Meet the Bourbons of India, now based in Bhopal. At the helm is Balthazar Napoleon IV de Bourbon, a legal professional and a parent of three children. Their ancestry asserts a legitimate descent from the House of Bourbon, tracing back to Jean Philippe de Bourbon, a French noble who sought refuge in Mughal Emperor Akbar’s court. Notably, Prince Michael of Greece and Denmark suggests in his book that Jean de Bourbon might have been a nephew of Henry IV, the first Bourbon king of France, although this remains unverified.

    If authenticated, Balthazar Bourbon would be the primary heir to the French throne. Furthermore, the Bourbons of India have endeavored to preserve their heritage and promote cultural exchange, engaging in philanthropic activities and fostering ties with both Indian and European communities. Their story presents a fascinating intersection of history and modern identity, bridging continents and centuries through their unique lineage.

    The Bourbons of India, also known as the House of Bourbon-Bhopal, present a unique narrative in the annals of Indian royalty. Their story is a fascinating blend of European lineage intertwined with Indian royal dynamics, centered in the historically rich city of Bhopal.

    How Does the Royal House of Bourbon Make Money?

    • The family earns income through renting out properties they own, including residential and commercial spaces.
    • They generate revenue by hosting cultural events, guided tours of their residence, and exhibitions showcasing their heritage.
    • They sell artifacts, memorabilia, and souvenirs related to their royal lineage, either through on-site shops or online platforms.
    • Members of the family provide consultancy services in areas such as history, culture, or heritage management, leveraging their expertise and lineage.

    Historical Roots and Royal Connections

    The Bourbon Palace – Richest Royal Family in India

    Jean Philippe de Bourbon, compelled to leave France after a duel, arrived in India around 1560. His journey led him to the court of Emperor Akbar, who, impressed by Jean’s lineage and demeanor, offered him a high position and arranged his marriage to Lady Juliana, a relative of the Emperor’s Christian wife. This union not only integrated Jean into the Mughal elite but also began the Bourbon lineage in India, with Jean being appointed as the Raja of Shergar.

    Cultural Integration and Influence

    Over the centuries, the Bourbons of India became deeply embedded in the fabric of Bhopal’s royal court. They adopted local customs and Muslim names, yet they retained their distinct European heritage, as evidenced by their continued practice of Christianity. The family’s prominence peaked with members like Balthazar of Bourbon, who served as the Prime Minister of Bhopal in the early 19th century. His contributions to the city included the construction of the Shaukat Mahal and the Catholic Church of Bhopal, architectural gems that blend European and Indian styles.

    Decline and Modern Identity

    The abolition of royal entitlements and titles by the Indian government in the mid-20th century stripped the Bourbons of their privileges, transforming them from rulers to citizens. Today, they are remembered for their unique historical role and contributions to the cultural and architectural heritage of Bhopal. Despite their reduced status, the Bourbons of India remain an example of the rich, intertwined histories of Europe and India, and their legacy continues to be a point of interest for historians and tourists alike.

    Through their journey from French nobility to Indian royalty, the Bourbons of India exemplify the complex interplay of culture, power, and identity. Their story is not just about the rise and fall of a royal family but also about the enduring connections that can transcend continents and masses.

    Royal Family of Jamnagar

    Royal Family of Jamnagar - Richest Royal Family in India

    Ajay Jadeja, the former Indian cricketer, recently found himself in the spotlight, not for his achievements on the pitch, but for inheriting the royal mantle of Jamnagar — inheriting fortunes worth over $175 million (INR 1,450 crore). Declared the new Jam Saheb of Nawanagar (now Jamnagar) on Vijayadashami, Jadeja steps into a rich legacy, succeeding his uncle, Shatrusalyasinhji Digvijaysinhji Jadeja.

    The Jadeja Rajput dynasty, which once ruled the princely state of Nawanagar, carries a remarkable legacy intertwined with both Indian history and cricket. Ajay’s grandfather, Digvijaysinhji Jadeja, was a celebrated figure in this lineage — not only serving as Jam Saheb from 1933 but also playing a pivotal role in Indian cricket as the president of the BCCI from 1937 to 1938. This familial bond with the sport extends to the cricket field, where Ajay himself shined as a member of India’s national team, further connecting the dynasty’s royal heritage with the cricketing world.

    The Jadeja family’s royal residence in Jamnagar is as majestic as its lineage. Their home reflects opulence, featuring classic wooden flooring, a grand courtyard, and a spacious, well-manicured garden. Their interiors boast an expansive dining area adorned with souvenirs from their global travels, while a well-designed bookshelf adds a touch of intellectual elegance. Ajay’s new role as the Jam Saheb is not merely a royal formality but a continuation of a deep-seated legacy that bridges the past with the present — one that combines the grandeur of royalty with India’s beloved sport, cricket.

    The Maharaja Jam Saheb of Nawanagar (now Jamnagar) is famous for their priceless collection of jewellery, especially under Ranjithsinhji. Jacques Cartier called their emerald collection “unequaled in the world.” It includes beautiful pieces like an emerald and pearl necklace, an art deco emerald and diamond necklace, and an emerald choker, all designed by Cartier. The family owns palace and a school and has an exquisite jewellery collection.

    Conclusion

    India has been ruled by many great and powerful kings who had loads of money in their treasures. But after the Independence in 1947, a few kings left as monarchs. But soon, in 1971, their power and other privileges were taken away after the 26th Amendment of the Indian Constitution.

    But even without power and being a monarch ruler, the descendants of some of the Royal families happen to lead a very luxurious life, primarily because of the money and property left by their ancestors. Also, many of them have found other sources of income, such as converting their royal palaces into hotels, getting into business, or becoming politicians. Above is a list of a few royal families of India, their current source of income, and how they continue to live a life.

    As custodians of immense historical value and architectural grandeur, these families continue to wield significant influence in the spheres of culture, economy, and philanthropy, bridging the gap between the pages of history books and the realities of the 21st-century marketplace. Their stories enrich our understanding of India’s multifaceted identity, offering lessons in resilience, stewardship, and the art of reinvention.

    Like reading more of such decodings from India’s rich history and economy? Keep heading onto StartupTalky for more of such content. We are always up to something antique yet new! Coming back to the topic, the remarkable ability of these royal families to adapt and thrive among commoners and democracy, serves as inspiration, highlighting the very fact that legacy is not just preserved in stone and mortar but lived daily through the innovative spirit and cultural contributions of each generation.

    FAQs

    Who are the richest royal families in India?

    Some of the Richest Royal families in India are:

    • Royal Family of Jodhpur
    • Royal Family of Jaipur
    • Royals of Mewar
    • Pataudi Clan
    • Alsisar Royal Family
    • Gaekwads of Baroda
    • Wadiyar Dynasty
    • Bhonsale Dynasty
    • House of Bourbon

    Who is richest royal family in India?

    The Royal Family of Jodhpur is one of the richest royal families in India.

    What is the net worth of The Royal Family of Jodhpur?

    The Royal Family of Jodhpur has a net worth of INR 22,000 crores.

    What is Arvind Singh Mewar net worth?

    The Mewar dynasty, formerly led by Shriji Arvind Singh Mewar, had an estimated net worth of INR 10,000 crores. He oversaw this legacy, including the HRH Group of Hotels and various heritage properties in Udaipur. Following his passing in 2025, the family’s fortune is now under the stewardship of Shriji Lakshyaraj Singh Mewar, the 77th Custodian of the Mewar dynasty.

    What is the major source of income for Royal families in India now?

    Major sources of income for Royal families in India are:

    • Tourism Industry
    • Hospitality Industry
    • Politics
    • Business
    • Arts

    What is the net worth of The Nawabs of Pataudi?

    The Nawabs of Pataudi have a net worth of around INR 800 Crores.

    What is Gaj Singh’s net worth?

    Gaj Singh, the successor of the Jodhpur royal family, possesses a net worth of INR 22,000 crores.

    What is the Nawab of Pataudi Saif Ali Khan’s net worth?

    Saif Ali Khan, the Nawab of Pataudi, has an estimated net worth of around INR 1,200 crores. This comes from his successful acting career and his royal family roots.

    What is Yaduveer Krishnadatta Chamaraja Wadiyar’s net worth?

    Chamaraja Wadiyar, the successor of the Wadiyar Dynasty, possesses a net worth of INR 10,000 crores.

    What is Lakshyaraj Singh Mewar net worth?

    The net worth of Lakshyaraj Singh Mewar is approximately INR 10,000 crores. This wealth comes from being a well-known member of the Mewar royal family and their long history.

    What is Ajay Jadeja of Jamnagar royal family net worth?

    Ajay Jadeja, of the Jamnagar royal family, has a net worth of over $175 million (INR 1,450 crore), which he recently inherited after being declared the new Jam Saheb of Nawanagar, now known as Jamnagar.

    What is the historical significance of the Khandpara Royal Family?

    The Khandpara Royal Family ruled the princely state of Khandpara, established in 1599 by Raja Jadunath Singh Mangaraj, the youngest son of Raja Raghunath Singh of Nayagarh. The state was located in the present-day Nayagarh district, Odisha, and played a significant role in the region’s history until its accession to the Indian Union on January 1, 1948.

    Who is the current head of the Khandpara Royal Family?

    The current titular head is Raja Saheb Bibhuti Bhushan Singh Mardaraj Bhramarbar Rai, the 14th Raja Saheb of Khandpara. Born on January 4, 1955, he has been active in public service, having served as a Member of the Legislative Assembly (MLA) in Odisha and held ministerial positions in the state government.

  • OYO Business Model | How OYO Makes Money

    OYO is a global platform involved in technology for small businesses and entrepreneurs in the hospitality industry to enhance their revenue and operations. It is a means to provide affordable, easy, and trusted accommodations to guests around the world. OYO has more than 40 integrated products and services that comprise more than 157,000 hotels and homes in 35-plus countries, including India, Europe, and Southeast Asia around the globe.

    The man behind the business is Ritesh Agarwal, who is also the first Asian resident to take up the Thiel Fellowship. OYO converts the existing and independent hospitality spaces into branded, technology-enabled assets that promise better revenue potential for the owners. These technology tools are offered through Co-OYO and OYO OS and provide features like digital onboarding, revenue management, and business management.

    Booking can be done on OYO properties through the OYO app and website, apart from other third-party platforms. The OYO app has over 100 million downloads and provides services such as digital check-in, easy booking, and pre-post-stay services. With a membership base of about 9.2 million, OYO Wizard is the second-largest travel and food brand loyalty program in India.

    About OYO

    An innovative startup founded in 2013 by Ritesh Agarwal, OYO Rooms has seen an amazing journey through hospitality-treading its meteoric rise and coming across several hurdles on its way. OYO Hotels and Homes was launched as Oravel Stays in 2012, a website that showed budget accommodations and then rebranded as OYO (“On Your Own”) to set up a standard pool of budget hotels across the country, before finally being launched as Oravel Stays. At first, OYO had only five hotels in Gurugram, India, but growth was fabulous online bringing small-budget hotels into the purview.

    By 2015, OYO had enlarged to 230 cities and was operating with a consolidated network of over 70,000 rooms. The year 2016 started into a new era for OYO international offerings, starting from Malaysia, and had joined the company in the other package that was to become an international company spreading into China, the United Kingdom, and the USA by 2019, with an estimated presence of around 800 cities in more than 80 countries. However, because of COVID-19, the travel industry went haywire; hotel demand slashed, saw massive layoffs, and many hotel partners closed operations or went out of business. OYO is presently caught up in litigation regarding mismanagement and has seen its valuation dip from $10 billion in 2019 to just $3 billion by 2020. However, OYO is focusing on recovery by integrating initiatives like VaccinAid and OYO Workspaces to keep up with the changing market conditions.


    OYO Success Story | Founder | Business Model | Funding | Acquisitions
    The growth of OYO is incredible, and the story of its founder is truly inspiring. Know about OYO startup story, history, founder, growth, revenue, funding, acquisitions & more.


    OYO Business Model

    Incorporating a distinctive model that blends between franchising and aggregation, OYO Rooms has established itself. Initially, OYO rented Hotel Rooms which it then standardized under its brand and subsequently ensured that these would be consistently serviced through an agreement with partner hotels. Bookings can be made through the mobile app or website. Over the years, this business model has changed into a purely franchising model where the hotels now use OYO’s brand without having to lease. This has helped partners to create revenues that could even reach a “double bottom line.”

    OYO has a range of ancillary services that should be able to address different customer needs. The partner hotels are also influenced by OYO standards in their services, thus, assuring quality and consistency. OYO Flagship thus leases and directly manages hotels to better control them. OYO Townhouse, provides further treatment to young travelers, blessing them with modern rooms, meeting space, kitchens open 24 hours a day, 7 days a week, and digital enhancements like Netflix-enabled TVs. OYO also has a Studio Stay for long-term residents like professionals and students. Event Stay is perhaps their newest segment for weddings or cofunction events. OYO’s clients can also find Commercial Spaces for coworking and office use. Finally, its loyalty program OYO Wizard offers subscribers exclusive discounts and deals.


    Ritesh Agarwal’s Journey from Oravel to OYO
    Discover the inspiring story of Ritesh Agarwal, founder of OYO, from humble beginnings to global success. Explore the journey of innovation and determination that shaped his remarkable story.


    How OYO Makes Money | OYO Revenue Model

    OYO Rooms has always been a multistream revenue model, which inherently varies with time to ensure constant growth. On the other hand, the company makes revenue from a commission-based model it charges its hotel partner between 20%-30% of the gross booking value (GBV) for each booking made through the platform. The collation varies according to the services offered by hotels and booking frequency. 

    Today, OYO earns a sizable share of revenue from the franchise model, which now accounts for almost 90 percent of earnings. Under this business model, OYO partners with hotels to run their operations under the OYO brand, thus growing the network without property ownership and having standardized and equable services. Other value-added services provided by OYO, apart from the reservation fees which few add with a markup over the base room rate that they charge and OYO Wizard, are also factors contributing to OYO’s revenue. 

    Other ways of monetization for the OYO include the revenues from advertising and partnerships, where companies could promote their brands on the OYO platform. A significant number of bookings are not done through third parties, as they have developed direct-to-customer websites and mobile applications, such as OYO, with the resultant loss of dependence and better margins.

    OYO Revenue

    OYO Financials FY23 FY24
    Operating Revenue INR 5464 crore INR 5389 crore
    Total Expenses INR 6800 crore INR 5726 crore

    OYO made a profit of INR 158 crore in the second quarter of FY25, ending in September, as shared by the founder Ritesh Agarwal in a town hall meeting, according to sources. OYO’s parent company, Oravel Stays Ltd, had a loss of INR 50 crore during the same period last year in FY24. In the first quarterof FY25, OYO’s profit after tax was INR 132 crore, bringing its total profit for the first half of FY25 to INR 290 crore ($35 million). This is a big turnaround from the INR 91 crore net loss in the same period last year. OYO’s revenue in Q2 FY25 also grew to INR 1,578 crore, up from INR 1,413 crore in Q1.

    OYO Revenue Y-o-Y

    Year Revenue (In INR crores) Profits/Loss (In INR crores)
    FY 2019 6,329 -2,364
    FY 2020 13,168 -13,122
    FY 2021 3,961 -3,943
    FY 2022 4,781 -1,940
    FY 2023 5,464 -1,287
    FY 2024 5,388 229

    Marketing Strategy of OYO: Unlocking Success
    This article breaks down an effective marketing strategy adopted by OYO Rooms, STP Analysis & the Marketing mix of OYO.


    OYO Unique Selling Proposition

    OYO has transformed the budget hotel category by providing guests with standardized, high-quality spaces with bathrooms and charges for free wi-fi and breakfast, including other services, without compromising on price. The technology-driven online platform creates unprecedented seamlessness in booking, dynamic pricing, and real-time inventory management. For modern travelers, features like 24-hour check-in and excellent customer support address travel needs.

    OYO now operates in over 80 countries and still manages to blend global coverage with localized service and standards for rigorous checks on quality. It provides marketing, technology, and access to large distribution networks to help small hotel partners increase occupancy levels in many locations. It offers a very diverse range of unique accommodation options from vacation homes to more premium Townhouse stays complemented with dynamic pricing and a customer-centric philosophy that engenders monopolistic loyalty.

    OYO SWOT Analysis

    OYO SWOT Analysis
    OYO SWOT Analysis

    OYO Strengths

    • Standardized Quality: OYO sets the provision of all the amenities and services across its locations such that they become unified into one experience in every property for the customers.
    • Extensive Global Network: Spread wide to include over 85000 hotels worldwide, OYO boasts of diversification, which greatly widens its market penetration.
    • Asset-Light Model: The company works with existing hotels and does not have any property by it; hence, the company has the possibility of speeding up in most of the cases where flexibility is given to investments made into real estate.
    • A Range of Accommodation Types: There are many offerings for customers’ different needs of budget hotels, vacation homes, co-living spaces, and even high-end accommodations.

    OYO Weaknesses

    • Heavy Dependence on External Financing: It is becoming very dependent on venture capital for its future growth which brings the proposition about the sustainability of the business model and long-term profits in the shift into a self-sustaining business.
    • Brand Equity Problems: The speed with which operations grow often leads them to become quite inefficient and mishandle customer experience, which negatively affects the equities of the brand in a few markets and customer faith.
    • Regulatory Complexity: This diversity within the market operations provides for some further complications in laws and compliance under which these sporadic disputes and operating impediments take place.

    OYO Opportunities

    • Emerging Markets: Emerging markets are cast in spotlight areas on the continents that include Africa and South-East Asia, which presently concern increasing underdevelopment with respect to hospitality.
    • Technological Integration: Technological arm in creating applications by innovations like artificial intelligence and IoT in which customer services will be improved, operations streamlined, and the experience with these intelligent technologies further focused on the guests.
    • Green Initiation: Since greener hotels are preferred by travelers, the same is financially beneficial for OYO once it becomes sustainable as a claim within this segment mind of travelers.
    • Strategic Alliance: This is the development of an engine, joined with a travel agent and a local business network adding plenty more revenues into the company in exclusive packages for the customers.

    OYO Threats

    • Highly Competitive Market: Competition is quite a challenge for OYO as it is a competitor with established hotel chains like Marriott and Hilton, and the likes of Airbnb, all betting for the same space in the market. 
    • Economic Sensitivity: Economic downturns entail cutting back on travel budgets, leading to reduced demand for budget-friendly accommodation and inexpensive lodgings.
    • Concern for Safety and Innovation: Safety standards are maintained, which sustains consumer trust; keeping up with rapid developments will, however, ensure constant disruptive competition.

    Conclusion 

    OYO is growing steadily in the global hospitality industry. It has grown phenomenally, become dynamic over the years, and continues to develop. Having an entirely different business model, based on the principles of standardization and low-cost budgets, has allowed OYO to occupy a market open for competition in one of the existing highly competitive markets. OYO holds certain advantages that will contribute to success, primarily, an extensive network of properties, brands, and technology.

    Among the major challenges facing the company will include an economy of scale, brand reputation issues, complex governmental regulations, and some stiff competition from international and local chains of hospitality and a new generation of platforms. Tackling some of its weaknesses and taking off opportunities from developing markets, emerging technologies, and sustainability would create commercial value in OYO. Above all, the place and customer experience will matter for the gradual growth and sustainability of the business as it will involve an ongoing evolution and change according to the dynamics of the market.

    Particularly, adopting these principles will prove critical in business continuity, optimization of performance post-COVID, and ensuring that OYO handles growth and profitability consistently well. Indeed, in the coming years, it will probably be fine to discuss whether this company has a future in hospitality.

    FAQs

    What is OYO?

    OYO is a global hospitality company founded in 2013 by Ritesh Agarwal. It provides affordable and standardized accommodations, including hotels, homes, and vacation rentals, across multiple countries. OYO uses technology to simplify booking and improve guest experiences.

    How does OYO make money?

    OYO earns money through commissions from hotels, franchise fees, room bookings, leased properties, and extra services like food and event spaces.

    What is OYO USP?

    OYO’s USP is affordable, standardized, and tech-enabled accommodations with easy booking, consistent quality, and wide availability across locations.

  • Ritesh Agarwal’s Journey From Oravel to OYO

    Ritesh Agarwal, the visionary entrepreneur behind OYO, has become a trailblazer in the hospitality industry, changing how people view and experience budget accommodations worldwide. From a small-town dreamer to the head of one of the world’s fastest-growing hospitality chains, his journey speaks to his persistence, strategic thinking, and steadfast belief in his vision. He started with Oravel Stays in 2012, a platform for budget accommodations, and in 2013, he conceptualized OYO Rooms, transforming the hospitality landscape.

    OYO, short for ‘On Your Own,’ was founded with a mission to offer standardized and affordable accommodations. Agarwal’s deep understanding of the challenges in budget lodging, combined with his innovative approach, propelled OYO’s rapid growth. The platform provided a range of budget hotels, guesthouses, and homes, each subject to strict quality checks to ensure a consistent and comfortable stay. This commitment to quality, along with Agarwal’s relentless drive, attracted attention and investments.

    Under Agarwal’s leadership, OYO expanded not only in India but globally. The company’s aggressive expansion involved strategic partnerships, acquisitions, and a robust technological infrastructure. By using technology to streamline operations, improve customer experiences, and support hotel partners, OYO disrupted traditional hospitality models. Agarwal’s ability to navigate challenges and adapt when necessary played a key role in OYO’s remarkable success.

    Beyond business, Agarwal is known for his leadership style marked by innovation, adaptability, and a strong commitment to social impact. His efforts to empower small hotel owners have transformed the hospitality sector and created economic opportunities in various communities.

    As a young and dynamic entrepreneur, Ritesh Agarwal continues to inspire aspiring business leaders globally. His story illustrates that with a compelling vision, determination, and readiness to embrace change, one can overcome obstacles and reshape industries.

    Ritesh Agarwal – Biography

    Name Ritesh Agarwal
    Birthplace Bissam, Cuttack. Odisha
    Born 16 November, 1993
    Education College Dropout, Sacred Heart School, and St. Johns Senior Secondary School
    Nationality Indian
    Position Founder and CEO, OYO Rooms
    Net worth $2 billion

    Ritesh Agarwal – Personal Life
    Ritesh Agarwal – Early Life
    Ritesh Agarwal – Career
    Ritesh Agarwal – OYO Rooms
    Ritesh Agarwal – Journey so Far
    Ritesh Agarwal – Shark Tank India
    Ritesh Agarwal – Investments
    Ritesh Agarwal – Philanthropy
    Ritesh Agarwal – Controversies
    Ritesh Agarwal – Awards and Recognition

    Ritesh Agarwal – Personal Life

    Ritesh Agarwal was born into a Marwari family in Bissam Cuttack, Odisha, and grew up in Titilagarh. His family operated a small shop in Rayagada, Odisha. He completed his education at Sacred Heart School and later at St. Johns Senior Secondary School. In 2011, he relocated to Delhi for college.

    On March 7, 2023, Agarwal married Geetansha Sood, a native of Lucknow. Unfortunately, just three days after their wedding, Agarwal’s father passed away, which came as a shock.

    Ritesh Agarwal – Early Life

    Ritesh Agarwal initiated his entrepreneurial journey at the young age of 13 by selling SIM cards. Despite his father’s aspirations for him to become an engineer, Agarwal had different plans. In pursuit of his dreams, he moved to Delhi during 10th grade to prepare for the IIT-JEE entrance exam. During this period, he began selling SIM cards, not only to develop business skills but also to financially support himself independently. Despite enrolling in an engineering college, he made a daring choice to drop out and venture into entrepreneurship.

    In 2013, at the age of 19, he earned a spot in the prestigious Thiel Fellowship initiated by Peter Thiel, receiving a $100,000 grant to materialize his ideas. Utilizing this opportunity, he launched Oravel Stays in September 2012, a budget accommodation portal similar to Airbnb, marking the commencement of his journey in the hospitality industry.

    The success of Oravel Stays paved the way for the establishment of OYO Rooms in May 2013. This ground-breaking hotel network rapidly gained popularity, providing affordable and standardized accommodations throughout India. Agarwal’s commitment and innovative approaches attracted substantial funding, with the company securing $1 billion by September 2018. Through the visionary entrepreneur’s leadership, OYO Rooms expanded its reach to 154 cities in India, becoming the largest hotel network in the country.

    Ritesh Agarwal – Career

    OYO Rooms is identified as a potential future unicorn in a study by CB Insights, as reported in The New York Times. The company has secured a total funding of $125 million through four rounds from seven investors. Ritesh Agarwal, the founder, has received numerous awards, including the Business World Young Entrepreneur Award, acknowledging his notable contributions. He is a frequent speaker at entrepreneurial events globally and holds a fellowship with the Thiel Foundation.

    Ritesh Agarwal – OYO Rooms

    Ritesh Agarwal, a college dropout, stands as the wealthiest self-made Indian under 40, boasting a net worth of $2 billion. His remarkable journey from a modest background to the forefront of the hospitality industry underscores his resolute determination and entrepreneurial drive.

    OYO Rooms’ success transcended national borders. In 2016, Agarwal achieved a significant milestone as the hotel chain surpassed one million check-ins and ventured into Malaysia. The subsequent year they witnessed the launch of OYO Rooms in Nepal, solidifying its footprint in South Asia. Expanding further, the company entered the UK, UAE, Dubai, China, Singapore, and Indonesia in 2018. By 2019, OYO Rooms had acquired over 330,000 rooms in 500 cities globally, showcasing Agarwal’s exceptional leadership and expansion prowess.


    OYO Success Story | Founder | Business Model | Funding
    The growth of OYO is incredible and the story of its founder is truly inspiring. Know about OYO startup story, business model, revenue, & more.


    Ritesh Agarwal – Journey so Far

    Under the leadership of Agarwal, OYO, the hospitality and travel tech startup, reached a noteworthy milestone by achieving positive cash flow in the fourth quarter of the financial year 2023. As per a presentation shared with employees, the company concluded Q4FY23 with a cash flow surplus of Rs 90 crore, signaling a positive financial trajectory. This accomplishment sets OYO on a path to mark its first profitable year since its inception in 2013, with an estimated adjusted EBITDA of about Rs 245 crore for FY23.

    In September 2018, the company secured $1 billion in funding. By July 2019, reports indicated that Agarwal had invested $2 billion in shares, tripling his stake in the company. In August 2020, OYO Rooms achieved a valuation of $9.6 billion after raising $5 million from tech giant Microsoft. OYO Rooms initiated the IPO filing process in October 2021.

    During challenging times, OYO had to make adjustments, laying off 400 employees in December 2019 and more during the lockdown imposed in India in March 2020. Despite this, OYO remains committed to expansion, with plans in key markets such as India, China, Southeast Asia, the Middle East, and Europe.

    OYO Rooms has garnered support from notable investors including SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb, and China Lodging Group.

    Ritesh Agarwal – Shark Tank India

    Agarwal, the self-made billionaire and highly successful entrepreneur behind OYO Rooms, has earned the distinction of being the youngest Shark on the panel for Season 3 of Shark Tank India. He will join other accomplished Sharks such as Aman Gupta (co-founder and CMO of boAt), Amit Jain (CEO and co-founder of CarDekho Group, InsuranceDekho.com), Anupam Mittal (founder and CEO of Shaadi.com – People Group), Namita Thapar (Executive Director of Emcure Pharmaceuticals), Vineeta Singh (Co-Founder and CEO of SUGAR Cosmetics), and Peyush Bansal (founder & CEO of Lenskart.com) in the upcoming season.

    Ritesh Agarwal - Shark Tank India 3
    Ritesh Agarwal – Shark Tank India 3

    Ritesh Agarwal – Investments

    Ritesh Agarwal has made 22 investments. Their latest investment was Venture Round – Beyond Odds on Dec 19, 2023, when Beyond Odds raised ₹910M.

    Announced Date Organization Name Funding Round
    December 19, 2023 Beyond Odds Venture Round
    November 2, 2023 FroGo Seed Round
    January 19, 2023 The Forest Collective Grant
    January 19, 2023 Siachen Naturals Grant
    January 19, 2023 Nima Goos Goos Grant
    January 19, 2023 Ladakh Brew Grant
    November 30, 2022 Vetic Seed Round
    June 8, 2022 Pepper Content Series A
    May 8, 2022 Josh Talks Seed Round
    January 27, 2022 Growth School Seed Round

    List of Ritesh Agarwal Investments | Companies Funded by Shark Tank India’s Youngest Shark
    Ritesh Agarwal, Founder and CEO of OYO is a keen Indian entrepreneur and angel investor. Explore the list of investments made by Ritesh Agarwal in and outside Shark Tank India. Check out Ritesh Agarwal’s investment portfolio.


    Ritesh Agarwal – Philanthropy

    During the challenging period of the coronavirus crisis, Agarwal took a proactive stance, announcing his decision to forgo his entire annual salary to support the government. In a show of solidarity, other executive leaders at OYO also voluntarily accepted pay cuts of up to 50%, contributing to building a financial runway for the company. Agarwal expressed his gratitude towards the leadership team for their collective effort during these unprecedented times.

    In response to the global business challenges, OYO committed not to reduce the salaries of its employees. The company assured its workforce in India, including over ten thousand OYOpreneurs and numerous OYO-managed assets staff, that their salaries and benefits would remain uninterrupted throughout the nationwide initial 21-day lockdown.

    OYO also demonstrated social responsibility by offering its hotels to various groups affected by the lockdown, including frontline medical staff, aircrew, corporates, tourists, paying guests, and stranded foreign nationals. This initiative aligned with government directives and aimed to provide support to those impacted by the pandemic.

    Venturing into the healthcare sector, Agarwal has revealed plans to set up five healthcare centers dedicated to the underprivileged in Odisha, his home state. As per an official announcement, the strategic positioning of these centers is intended to address areas with restricted healthcare accessibility, effectively reducing the disparity between healthcare services and marginalized communities.

    OYO Founder Ritesh Agarwal’s Speech Leaves Audience Speechless | Youngest BILLIONAIRE from India

    Ritesh Agarwal – Controversies

    Agarwal faces allegations of deceiving OYO’s co-founder, Manish Sinha, during the company’s early stages. Accusations suggest that Agarwal, through his company OYO, entered into agreements with U.S. hotel owners to rebrand their properties under the OYO name, promising compensation and guaranteed income. However, crucial information was omitted, OYO lacked authorization to operate a franchise business in California. In March 2019, California regulators fined OYO $200,000, and a cease and desist order was issued by Washington after discovering unauthorized offers made to hotel owners and managers.

    In September 2020, Agarwal faced a case in Dera Bassi, lodged by a Chandigarh-based businessman, charging him with fraud and conspiracy under IPC 420 (cheating) and 120 B (criminal conspiracy).

    An October 2019 report revealed police cases filed against OYO by hotel operators in Bangalore, Mysore, and other Karnataka cities, accusing Agarwal of fraud. Despite this, he successfully secured a stay order on one case in Bangalore.

    OYO encountered opposition from 10,000 hotel owners in India who claimed that undisclosed fees, amounting to half or more of their revenues, were charged by OYO when hotels joined the platform.

    Ritesh Agarwal – Awards and Recognition

    In 2016, Ritesh Agarwal earned a spot in Forbes’ “30 under 30: Consumer Tech” list for his role as the founder and CEO of the innovative hospitality business and app.

    Reflecting his remarkable achievements, Agarwal’s net worth in 2020 was estimated at around $1.1 billion (Rs 7253 crore). This positioned him as the youngest self-made billionaire globally, a recognition acknowledged by the Hurun Rich List.

    In 2023, Agarwal achieved another milestone by becoming the youngest Shark to be featured in Shark Tank India.

    FAQs

    Who is Ritesh Agarwal?

    Ritesh Agarwal is the founder and CEO of OYO Rooms.

    What are OYO Rooms used for?

    OYO rooms are popular choices for budget-conscious travelers, tourists, and individuals seeking affordable and convenient accommodations.

    What is the full form of OYO?

    The full form of OYO is On Your Own.

  • Brian Chesky and His Unconventional Strategies Towards His Success

    “The hardest thing to manage in a crisis is your own psychology…The optimistic mentality is the mentality you need to be creative. And you need to be creative because, in a crisis, you often have no good solutions”– Brian Chesky

    This is how Brian Chesky, an American businessman, the Co-founder and CEO of Airbnb overcame the challenges he faced in building this international business.

    Today, if we have the luxury of traveling and hassle-free vacationing anywhere & anytime without worrying about the factor of accommodation in an unknown new place, then we have a few innovations & their founders to thank for. One of them being, Airbnb & its founder Brian Chesky.

    He brought unconventional changes to the established travel market through his innovative thinking, tenacity, and enthusiasm.

    This article is precisely the biography of Brian Chesky where we will discuss his success story beyond all hurdles.

    Brian Chesky – Biography

    Name Brian Chesky
    Birthplace Niskayuna, Newyork
    Born August 29, 1981
    Nationality American
    Education Bachelor of Fine Arts in Industrial Design
    Position Co-founder and CEO
    Net worth $8.6 billion

    Brian Chesky – Early Life
    Brian Chesky – Career and Conception of Airbnb
    Brian Chesky – Hurdles and Challenges
    Brian Chesky – Achieving Success Beyond the Hurdles
    Brian Chesky – Investments
    Brian Chesky – Philanthropy
    Brian Chesky – Awards and Recognitions
    Brian Chesky – Fun Fact
    Brian Chesky – Famous Quotes

    Brian Chesky – Early Life

    Brian Chesky was born in Niskayuna, New York, on August 29, 1981, and both of his parents were social workers. Raised in a middle-class family, he showed an early interest in art and design. Chesky’s childhood laid the foundation for his future entrepreneurial endeavors.

    Chesky attended the Rhode Island School of Design (RISD) and graduated in 2004 with a Bachelor of Fine Arts in Industrial Design. His time at RISD exposed him to the intersection of art, design, and business, sparking his creative and entrepreneurial spirit.

    An interesting fact about Chesky is that before getting into his entrepreneurial activities, Chesky was a hockey player and was also into bodybuilding.

    Brian Chesky – Career and Conception of Airbnb

    Brian Chesky was employed as an industrial designer and strategist at 3DID in Los Angeles after graduating from college.

    After moving to San Francisco, Chesky got a roommate, Joe Gebbia. Later on, this encounter was the one that paved way for the development of Airbnb.

    To accommodate guests of a design conference, Chesky and Gebbia made the decision to rent out air mattresses in their San Francisco residence. This original trial served as the foundation for one of the most innovative and prosperous businesses of the twenty-first century. Thus, Airbnb was conceived in 2007 as a result of its financial challenges.

    Later on, Chesky got the company of an engineer, Nathan Blecharczyk, along with whom, Chesky officially co-founded Airbnb.

    The platform aimed to connect travelers with spare rooms in private homes, offering a more personalized and affordable alternative to traditional hotels. This practice was a new innovation in the travel & lodging industry.


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    Brian Chesky – Hurdles and Challenges

    The trio faced numerous challenges in the early days. Convincing people to open their homes to strangers and further building a critical mass of both hosts and guests was a significant challenge.

    Above this was the safety concern. Building trust was crucial for the success of Airbnb. Users needed to feel safe renting or hosting through the platform.

    Also, as the base grew, the platform faced technological challenges in terms of scalability and ensuring a seamless user experience.

    Over and above all these there were other challenges like financial hurdles, educating the market about this new way of traveling & accommodating, international expansion, regulatory hurdles, and much more.

    Brian Chesky – Achieving Success Beyond the Hurdles

    But all these hurdles didn’t put them down from the success that Airbnb saw in the following years.

    That said, the path to success was definitely not a bed of roses. Chesky and his team had to come up with many critical & strategic ideas like implementing policies and procedures to manage crises, employing creative marketing strategies, establishing features such as host and guest reviews, secure payment systems, enhanced identity verification, accommodating different cultural expectations and many more to overcome those challenges.

    One fine example of overcoming the financial crisis in the early stages would be their innovative idea.

    To fund the young company, Chesky and his co-founders resorted to their brilliant unconventional methods. They made use of the elections in 2008 presidential elections and created limited-edition cereal boxes called “Obama O’s” and “Cap’n McCain’s”, raising around $30,000 to keep Airbnb afloat.

    This creative and resourceful approach demonstrated Chesky and his team’s ability to think outside the box, a trait that would serve him well in the years to come.

    Under Chesky’s leadership, Airbnb expanded globally, reaching over 220 countries and regions. His emphasis on community, trust, and design contributed to Airbnb’s distinctive brand identity.

    Airbnb CEO Brian Chesky: Hotel prices will ‘probably rise’ next year

    Brian Chesky – Investments

    Here are some prominent investments made by Brian Chesky:

    Announced Date Organization Name Funding Round Money Raised
    November 22, 2022 Capitol Seed Round $10 million
    April 16, 2013 Flight Car Series A $5.6 million
    April 03, 2013 Balanced Seed Round $2 million
    November 16, 2012 Balanced Seed Round $1.4 million
    October 01, 2012 Summly Venture Round $1.2 million
    April 30, 2012 SocialCam Angel Round

    Brian Chesky – Philanthropy

    Apart from being a successful businessman, Chesky has been an active philanthropist. Here is a list of his philanthropic activities:

    • Chesky joined Warren Buffett and Bill Gates ‘The Giving Pledge’ on June 11, 2016, a group of billionaires who have promised to give away the majority of their wealth
    • In 2020, amidst the global COVID-19 pandemic, Chesky and his partners pledged $100 million to support COVID-19 relief efforts
    • Chesky gave $100 million to the Obama Foundation in May 2022 to establish a scholarship program for students seeking careers in public service
    • In 2020, Chesky announced the launch of Airbnb.org, a separate nonprofit organization within Airbnb with the aim to provide temporary housing to people in times of crisis.

    To quote Chesky, “There is a saying that a great trip can set you down a path that doesn’t end when you return. With this pledge, I want to help more kids realize the kind of journey I have had. I want to show them that their dreams are not bounded by what they can see in front of them….”

    Brian Chesky – Awards and Recognitions

    Brian Chesky has received many prestigious awards in his life. Here’s a compilation of the awards he has received:

    • Brian Chesky was named in the Forbes 30 Under 30 list in the Consumer Technology category in 2011
    • In 2015, Chesky was named to the TIME’s 100 list, which identifies the most influential people in the world
    • Chesky was recognized by Glassdoor as one of the highest-rated CEOs in 2016
    • Forbes 100 richest tech billionaires in the world – 2017
    • He was listed in the Forbes Global game changer list – 2017
    • He was named under Forbes’s wealthiest Americans in 2023
    • Boston University School of Hospitality Administration’s third annual ICON Award 2023

    Brian Chesky – Fun Fact

    💡

    Chesky in his yearbook wrote – “I’m sure I’ll amount to nothing.” Though he found it funny, his father didn’t.

    Brian Chesky – Famous Quotes

    “If you want to create a great product, just focus on one person. Make that one person have the most amazing experience ever.”

    “Founders are like parents and the company’s the child.”

    FAQs

    Who is Brian Chesky?

    Brian Chesky is an American businessman and the Co-founder and CEO of Airbnb.

    When was Airbnb founded?

    Airbnb was founded in the year 2008.

    Who are the founders of Airbnb?

    Brian Chesky, Joe Gebbia, and Nathan Blecharczyk are the co-founders of Airbnb.

    What is Airbnb?

    Airbnb is an online marketplace in need of accommodation with the people (hosts) who are willing to rent their home or space in a particular locality.

  • Airbnb Vs. Hotels: The Better Choice

    The hospitality industry has evolved immensely in the last two centuries. In the early 1800s, inns were the only lodging facilities that were available for tourists. However, at the turn of the century, the definition of lodging expanded to include food and drinks that were also provided for tourists and travelers. Soon, the element of luxury blended in, giving birth to hotels.

    It was in the year 1829 when American architect Isaiah Rogers designed and constructed the first luxury hotel in Boston, Massachusetts. The hotel was named ‘Tremont Hotel’. The hotel boasted of private attached bathrooms with locks on the doors. The year 1829 is considered as a landmark in the history of the American hospitality industry. The 20th century is known as the beginning of the modern hospitality era.

    Evolution of Modern Hospitality
    About Airbnb
    Hotels or Airbnb – A Comparison

    Evolution of Modern Hospitality

    The 20th century saw innovations in transport systems that allowed more and more people to travel to various destinations. Enterprising entrepreneurs seized the opportunity this presented and jumped into the hotel business. The middle of the century saw the rise of giant hotel chains that have a global presence today. Famous names like Marriott, Sheraton Group, and Hyatt emerged as major players within the hotel industry. Increasing intercity travel due to the increasing use of cars and a well-connected road network also favored the growth of motels. This concept within the hospitality industry was well received and motels, too, grew in numbers. It is the 21st century that has seen maximum advancements with technological integrations in the hospitality industry. Apart from building some of the tallest hotels like Fairmont Makkah and Burj-al-Arab; Airbnb opened, signaling a new segment in the hospitality industry.

    About Airbnb

    AirBedandBreakfast.com, commonly known as Airbnb, Inc. was founded in the year 2008 by Brian Chesky, Nathan Blecharczyk, and Joe Gebbia. The company is headquartered in San Francisco, USA, and operates as an online marketplace for short-term and long-term homestays and experiences. The company plays the role of a broker and charges a commission for each booking.

    Over the years, Airbnb has acquired many companies and has expanded internationally beginning with its first international office in Hamburg in the year 2011. The company has grown exponentially since it began operations and has gone on to become one of the most valuable and successful startups in the world. Airbnb has revolutionized the tourism and hospitality industry with a significant impact on HORECA (Hotel, Restaurant, and Catering) industry. It has disrupted the traditional HORECA model affecting revenue decline for hotels in certain markets. A notable detail of Airbnb is that it is one of the only major travel companies that does not have a loyalty program.


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    Hotels or Airbnb – A Comparison

    With its business model of providing a platform for peer-to-peer exchanges, Airbnb has been fortunate to avoid any major rental and hotel tax laws so far. However, there exists a certain similarity in the way Airbnb and the hotels, function. Hence, it allows for a comparison of certain parameters between the two business models to gain insight into which is best suited to the tourism industry.

    Price

    Airbnb operates as a marketplace where hosts and guests exchange housing for money with the company earning a commission. It does not have a direct effect on the prices of the lodging offered, as hosts retain the rights to set the prices for different lengths of stay, cleaning fees, weekend stays, and additional guests. Hotels, on the other hand, maintain a pricing scheme that meets consumer demand and the price includes housekeeping services. Of course, both Airbnb and hotels charge a premium during holidays and at a tourist-friendly destinations. In recent years, though, Airbnb has substantially closed the gap even in the luxury segment by widening its offerings.

    Type of Accommodation

    This is where, perhaps, Airbnb trumps hotels due to the variety of accommodations that it can offer like standalone homes, shared spaces, apartments, and even some hotel rooms. Moreover, Airbnb accommodations offer residential-style amenities including living rooms, kitchens, dining rooms, laundry facilities, and sometimes even private parking spaces that are all included in the cost of the homes. Hotels, on the other hand, can provide some of these amenities at a surcharge. They are more traditional with guest rooms and some suites.

    Quality of Stay

    Between hotels and Airbnb accommodations, hotels come out on top when it comes to quality of stay. Hotels have a staff that is available 24/7 with immediate access to daily housekeeping services available which is included in the cost. Also, hotel guests can get an immediate resolution to any service complaints while Airbnb guests have to contact the hosts resulting in a loss of time. Airbnb homes also charge extra for cleaning services and sometimes, it may not be available at all.

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    Flexibility of Reservations

    This is one area in which both hotels and Airbnb vary. Hotels offer refundable and non-refundable rates. However, extenuating or unforeseen circumstances will result in hotels relaxing on non-refundable rates and waiving any charges. These policies in hotels are all clearly stated and uniformly applicable. Airbnb hosts often set their own cancellation and refund policies which may widely differ from host to host. Although Airbnb offers cancellation policies for a limited number of extenuating circumstances, individual experience varies based on the situation.

    Loyalty Programs

    Most hotels have a robust loyalty program that encourages guests to repeatedly book rooms and in return get many rewards that include free stays, salon services, discounts on food and beverages, etc. Such reward programs guarantee a certain percentage of sales for hotels. Airbnb, however, has no such loyalty program and is dependent on the individual guest experience with the hosts for repeat bookings.

    Conclusion

    The question arises – Which is better?  Airbnb or Hotels?  The answer, however, is not a simple yes or no. It rather depends on the individual guest and the type of accommodation and service they are looking for as well as their budget. While it is true that hotels, in general, are a safer bet about quality and safety, Airbnb offers many more attractive deals and options than most hotel chains.

    FAQs

    Who are the founders of Airbnb?

    AirBedandBreakfast.com, commonly known as Airbnb, Inc. was founded in the year 2008 by Brian Chesky, Nathan Blecharczyk, and Joe Gebbia.

    Which is better, Airbnb or hotels?

    It depends on the individual guest and the type of accommodation and service they are looking for as well as their budget. While it is true that hotels, in general, are a safer bet about quality and safety, Airbnb offers many more attractive deals and options than most hotel chains.

  • Blusalz Hospitality Revolutionizes Restorative Travel Market, Founder Sanjay Sharma Weighs In

    StartupTalky presents Recap’22. This is a series of interviews in which we conduct in-depth discussions with founders & industry leaders to understand their growth in 2022 and their predictions for the future.

    Hospitality refers to the provision of friendly and generous treatment to guests, visitors, or strangers. It encompasses various industries such as hotels, restaurants, cruise lines, and events, and aims to make guests feel comfortable and valued.

    The global hospitality market grew from $4,390.59 billion in 2022 to $4,699.57 billion in 2023 at a CAGR (Compound Annual Growth Rate) of 7.0%. However, according to recent reports, the global hospitality industry is expected to have a CAGR of around 4% to 6% over the next few years due Russia-Ukraine War.

    According to WTTC, India is ranked 10th among 185 countries in terms of travel & tourism’s total contribution to GDP in 2019. The travel market in India is projected to reach US$ 125 billion by FY27 from an estimated US$ 75 billion in FY20.

    For this Interview, we invited Mr. Sanjay Sharma, Founder of Blusalz Hospitality, and we talked about the growth, challenges, insights, and future opportunities in the industry.

    StartupTalky: Sanjay, what does Bluesalz do? What was the motivation/ vision with which you started?

    Sanjay: BluSalz is all about Involved Living. It’s a natural progression of how the consumer’s journey has evolved, and maybe even pivoted during the Covid era. From Global to Local and now ‘Involved’ – here the Heightened Local and Lifestyle Experiences are the real draw. Come to think of it – it’s a full circle where we are rediscovering the roots of how early travel may have been. Each journey very unique – very individual – very personal.

    Having spent a lifetime in Hospitality, the glaring gap was evident in the consumer’s wants and the industry’s readiness. All this added up to our Benjamin Button moment!

    StartupTalky: What is the USP of your experiences curation platform?

    Sanjay: Our inspirations are our USPs. We are inspired by Uncommon Retreats. We are inspired by Diversity and Inclusion. We are inspired by Community and Conservation. These are the core of our ethos, and hence visible in our choices for everything we do. Our original local immersions act like restorative programs for travel curators who want to explore, connect and collect memories. These unconventional and unique spaces are our guests’ playground to leave with nothing but happiness.

    StartupTalky: How has the restoration travel market changed in recent years and how has your company adapted to these changes?

    Sanjay: The last decade has seen a discontinuous change. The era of consolidation transcended to a period of reflection. The way of doing business was re-evaluated, and consumer behavioral triggers & preferences changed. Our inception was a by-product of these changes. The need for restorative travel is now more than ever and BluSalz is making this fragmented market accessible.

    Sanjay: It’s simple. Network – Network – Network. Stay connected in person and digitally. Sometimes we look outside our industry to get inspired and innovate.

    StartupTalky: What key metrics do you track to check the company’s growth and performance?

    Sanjay: As an organization, we believe we are defined by the 3 R’s. Reputation – Relationships – Revenue. In that order. Revenue is last on this priority. This is not to say that it can be undermined in any way as it is the only way to survive. However, we believe our Reputation and Relationships are the gateways to
    stronger Revenue lines.

    All 3 R’s need to be looked at from a 360-degree perspective. Example: When we talk about Reputation it’s about the pride that anyone associated with us feels be it owners, vendor partners, staff & their families. To quantitatively identify the growth in our performance we use Balance Score Cards where these parameters are further defined and stressed. These checks and balances help us achieve longer-term stability and not just focus on the short-term gains that may actually
    come at a cost and a long-term loss.

    StartupTalky: What were the most significant challenges Bluesalz faced in the past year and how did you overcome them?

    Sanjay: The biggest challenge, and a good problem to have on our hands, is the rate of our growth. We are growing exponentially. In a short span of time, we have grown to 30+ flags, and have a stronger pipeline predominantly for South Asia. What’s interesting to note is that we have generated significant overseas interest something we did not anticipate happening this early in our start-up journey. 2023 was targeted at a 2X growth rate but looks like we may very well overshoot the target.

    We are humbled by the love that we have received from our Staff, Guests, Owners, and Partners and owe this success to them. This blistering pace comes with its fair share of hair-pulling days, learnings, tempers, and all other piled-up human emotions. But every small success is celebrated like our 83’s world cup win. Extremely gratifying!

    StartupTalky: What are the different strategies you use for marketing? Tell us about any growth hack which you pulled off.

    Sanjay: Just like the 5 fingers in our hand are different, so are our properties. Acknowledging that is the biggest growth hack that any organization can pull off. More often than not one tries to have a blanket marketing plan that meets mediocre success. One size fits all does not work very well for our industry.

    Our patrons are well-traveled – well-read – well connected. Hence, we focus on a 2 pronged strategy-Educate and Distribute. Hard sales don’t work. Content does. We want to be a part of traditional and e-periodicals, trend stories, destination covers, community & conservation features, architectural delights, and more. We want to be in Social Media and Traditional Mediums too.

    Our brand is not only for those who travel but also for the people where our properties are located. Once we are a part of their every day – we have created the top-of-the-mind recall that creates a legacy. This along with Distribution on all Platforms that our guests may explore ensure a Billboard effect where the next time they think of a destination they will think of BluSalz.

    StartupTalky: What are the important tools and software you use to run your business smoothly?

    Sanjay: Technology was one of the main pillars that we knew we had to invest in. From the very beginning, we chose the best. Our technology partners are the best 3rd Party technology providers with global recognition. We understand that choosing a partner whose core business is technology will always give us an edge against making in-house systems where our expertise and resources are limited. We don’t want to be in a position where we have to compromise on technology because we redirected the funds to another vertical.

    Our current system is simple communication between 2 platforms a leading Global Central Reservation System and a leading National Property Management System. Between these 2 platforms all our needs end to end from Booking to Billing are covered – hence removing the multiple layers of disconnect and having a seamless interface.

    StartupTalky: What opportunities do you see for future growth in your industry in India and the world? What kind of difference in market behavior have you seen within states in India?

    Sanjay: As shared earlier, the future prospect looks very strong. Domestic travel has gained impetus and ease of travel has made borders more blurred. All surveys done in the last 12-18 months highlight travel as the top 2-3 areas for wallet share. Hence investor and consumer confidence are at an all-time high, surpassing the pre-2020 glory days.

    More than a difference there is a commonality that is strongly visible, at all ages people want to travel – they want to explore – and they want to experience. Essentially, they want to Keep Discovering.

    StartupTalky: What lessons did your team learn in the past year and how will these inform your future plans and strategies?

    Sanjay: Resilience – Patience – Endurance – Self Belief. These were our biggest take away from the past year. As they say, what doesn’t kill you makes you stronger. I believe we have been seasoned well for the future and will help us take a longer view of our strategies.


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    StartupTalky: How do you plan to expand the Customers, product, and team base in the future?

    Sanjay: With our strong pipeline we have no choice but to expand our team base. However, we are extremely focused on choosing the right team with the right values. Matching the right candidate to the right job is hard and sometimes time-consuming, a little planning and believing in providing the first opportunity to your existing team is the core of expansion.

    StartupTalky: One tip that you would like to share with people reading this article who want to get into entrepreneurship?

    Sanjay: There is no right or wrong time to start this journey – savor it like a wine, it gets better as it gets older and is sharp when it’s young.

    We thank Sanjay Sharma for spending his valuable time and sharing his learnings with all of us.

    You can read other Recap’22 Interviews here.

  • Airbnb – Success Story of a Hospitality Company Valued at $100 Billion

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Airbnb.

    Have you ever felt anxious about accommodation when you’re planning on a trip out of the city or country? The uncertainty of stay, their hospitality, and their safety often give us the creeps. Leaving the comforts of our home alone causes massive distress, which is further coupled with the apprehension of staying outside whenever we decide to stay outside. Therefore, staying in a place that is decent enough and secure is something that most of us look up to.

    What if we could find a place that makes us feel at home when we are on a vacation or a business trip? Wouldn’t that be great?

    Modern technological advancements have made that possible and simple to find suitable accommodations for any kind of trip we make with the emergence of dependable lodging companies, and one of the most popular of such companies is Airbnb.

    Right from choosing the quarters to offering support around the clock until we part, it brings all sorts of convenient measures right into our hands. Airbnb is one such wonderful platform that serves as an online marketplace to help people find accommodation during their trip as per their needs. Airbnb serves over 220 countries and regions across the world today.

    You have certainly heard of Airbnb already, and thus if you are wondering to know more about this brand, then here we bring you all about Airbnb, which includes “when Airbnb started?”, Airbnb founders and creators, Airbnb company history, Airbnb success stories, Airbnb parent company, funding and valuation, growth, revenue, competitors, future plans and more.  

    Airbnb – Company Highlights

    Startup Name Airbnb
    Headquarters San Francisco, California
    Industry Hospitality, Lodging
    Founders Brian Chesky, Joe Gebbia, Nathan Blecharczyk
    Founded August 2008
    Total Funding $6 bn (as of March 2022)
    Revenue $4.387 bn (as of September 2021)
    Valuation $75 bn+ (as of December 2020)
    Website airbnb.co.in

    Airbnb – About
    Airbnb – Industry
    Airbnb – Founders and Team
    Airbnb – Startup Story
    Airbnb – Mission and Vision
    Airbnb – Name and Logo
    Airbnb – Business and Revenue Model
    Airbnb – Challenges Faced
    Airbnb – Funding
    Airbnb – Acquisitions
    Airbnb – Growth
    Airbnb – Awards
    Airbnb – Competitors
    Airbnb – Future Plans

    Airbnb – About

    Airbnb expanded as Airbed and Breakfast is an online marketplace to connect people in need of accommodation with the people (host) who are willing to rent their home or space in a particular locality.

    Airbnb is based out of San Francisco, California, and offers the convenience of a website and a mobile app for users from around the world to list, discover and book accommodations.  

    The idea was originally conceived in 2007 by Brian Chesky and Joe Gebbia which was brought into shape in August 2008 along with Nathan Blecharczyk. Starting with 2 hosts, Airbnb has over 4 Million hosts with about 5.6 Million listings scattered across the globe today. They claim to have served more than 1 Billion guests as of September 2021.

    Airbnb offers a significant advantage over hotels in terms of cost, amenities, customer satisfaction, service, and many more. They create value for both the Host (free listing of their asset) and the Guest (offering a unique and authentic experience at an affordable cost).

    There are numerous Airbnb subsidiaries including Luxury Retreats International Inc., Tilt.com, Accomable, Aibiying, Trooly Inc., Deco Software Inc., Trip4real Experiences, S.L., Lapka Inc., Airbnb UK Limited, HotelTonight, and more. Airbnb with the help of these subsidiaries operates a platform for stays and strives to transform experiences for guests worldwide.

    Airbnb Success Story

    Airbnb – Industry

    Airbnb falls under the lodging sector of the hospitality industry. This industry is expected to reach a Compound Annual Growth Rate of 8% to reach $5891 billion by 2022’s end. The hospitality industry is broadly classified into the following sectors: lodging, event planning, recreation, travel and tourism, and food and beverage services. This industry is considered to be more of leisure than basic needs.


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    Airbnb – Founders and Team

    airbnb Founders
    airbnb Founders

    Brian Joseph Chesky

    Brian Joseph Chesky is the CEO and one of the co-founders of Airbnb. He attended the Rhode Island School of Design (RISD) and has a Bachelor’s degree in Fine Arts, Industrial Design. The Airbnb founder started his career with 3DID as an Industrial Designer and then became the Principal of Brian Chesky Design before founding Airbnb.

    He was acknowledged as TIME’s 100 Most Influential People in 2015. At the age of 35 in 2016, he became the youngest one to be named on the Forbes 400 list. Chesky also joined ‘The Giving Pledge’ campaign initiated by Warren Buffett and Bill Gates.

    Joe Gebbia

    Joe Gebbia is known as the co-founder of Airbnb, who is also the chairman of Samara, Airbnb’s design studio, and of Airbnb.org. He too attended RISD and secured a Bachelor’s degree in Fine Arts in Graphic and Industrial Design. Before founding Airbnb, Gebbia served as the industrial designer at Chronicle Books.

    This Airbnb founder is a member of RISD’s trustee board and has donated $300,000 for a scholarship fund. Joe joined ‘The Giving Pledge’ campaign in 2016.

    Nathan Blecharczyk

    Nathan Blecharczyk is another co-founder of Airbnb. He earlier worked as an engineer in OPNET Technologies before joining Airbnb. At Airbnb, he was initially designated as Chief Technology Officer and designed the company’s website. In addition to CSO, he is the chairman of Airbnb China. He is also a member of ‘The Giving Pledge’ campaign.

    Blecharczyk is a Harvard University graduate with Computer Science. Starting as a Bioinformatics Programmer at the Brigham and Women’s Hospital, Blecharczyk had served as the Intern Program Manager for Visual Basic .NET at Microsoft Corporation, and then as a Research Assistant at the Harvard Kennedy School of Government, and eventually became a Teaching Fellow at Harvard University. Blecharczyk had also previous experiences of serving as a Software Engineer at OPNET Technologies, Inc. and Batiq. The Airbnb founder was then the owner of Consult Mavens, LLC. and then joined hands with the other co-founders and founded Airbnb.

    When last reported in 2020, Airbnb had an employee strength of over 5597 employees.  

    Airbnb – Startup Story

    The startup story of Airbnb or the Airbnb origin is quite interesting. The Airbnb company history started in 2007 in San Francisco, when Brian Chesky and Joe Gebbia were roommates. They were worried about their rent, which was due because they didn’t have money at that time. While thinking of ways to pay the rent, they came across the design conference scheduled to be held in San Francisco that weekend and found that all the hotel bookings in SF were sold out.

    An idea picked up and they immediately decided to host some guests from the conference in their room. They got three airbeds and hosted three guests, thus planting a seed for Airbnb. Later when the guests left, Joe and Brian gave further thoughts to this idea and decided to move further.

    Joe Gebbia reportedly wrote a letter to Brian Chesky informing him of his idea. Here’s a copy of the subletter;

    Airbnb Letter from Founder to Founder
    Airbnb Letter from Founder to Founder

    Nathan Blecharczyk joined them in early 2008 and they together rooted Airbnb firmly in the market.

    The idea for Airbnb was planted when Brian Chesky and Joe Gebbia managed to host three guests for $80 per night. However, then they lacked the investment to construct the idea further. So, they decided to crop ‘Breakfast’ from Airbed and Breakfast for the time being and started selling breakfast targeting the 2007 presidential election campaign. This helped them keep their dreams alive.


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    Airbnb – Mission and Vision

    Airbnb mission statement focuses on creating “a world where anyone can belong anywhere”. They were keen on attaining this purpose through their dedicated employees and loyal hosts. Airbnb has evolved as it grew. With their earlier statement of ‘Unlocking unique experiences worldwide’, they evolved into a vision of “Belong Anywhere”. They strive continuously on their vision to make their customers feel at home always, irrespective of the place they are in exploring the world of their dreams.

    Airbnb Logo
    Airbnb Logo

    The name Airbnb was derived from the company’s initial name Airbed and Breakfast. The company was addressed as Airbed and Breakfast even before its formal inception in 2008. The founders reasoned the name as a reference to air mattresses rented out to three guests they hosted in 2007. Later in 2009, the name was changed from Airbed and Breakfast to Airbnb.

    Earlier, Airbnb’s logo carried the entire name of the company, Airbed and Breakfast. When the company was renamed in 2009, the logo too was reduced to Airbnb written in blue.

    The logo was again changed in 2014 with a symbol, which the company calls The Belo, saying it is the universal symbol of belonging. This logo, when dissected, depicts four other symbols that represent People, Places, Love, and Airbnb, when combined together forms the Belo logo.

    Airbnb – Business and Revenue Model

    Airbnb is an online platform that connects people (guests) in search of accommodation with the hosts who are interested in renting out their place. They help the host to find guests by allowing them to display their place on Airbnb’s platform for free of cost. On the other side, the customers get a chance to choose their accommodation from myriad places showcased, as per their needs. Airbnb collects the payment online, retains it until 24 hours after guest check-in, and then pays the host.

    Airbnb’s revenue comes from the two-way commission charged from both the host and the guest. They charge 3% from the hosts and typically around 14% from the guests for every transaction made.

    Airbnb – Challenges Faced

    Local Laws and Regulations

    There are different rental laws and regulations for every country and sometimes even city. For example, New York rental laws prohibit renting properties for less than 30 days, unless the tenant is living there. Airbnb took the issue to court but finally, in 2019, they agreed to share information of listings that New York City laws demanded.

    Racial Discrimination by Hosts

    There were widespread complaints faced by Airbnb on hosts discriminating against guests on racial and other backgrounds. As a result, Airbnb hired Eric Holder, a former Attorney General, to create and regulate anti-discrimination policy to resolve this issue.

    Fraudulent Listings

    A travel blogger named Asher Fergusson found that some hosts used fake and fraudulent information to get through Airbnb’s background check. This unauthenticated hosting resulted in a number of negative incidents like privacy invasion, booking cancellation, refund refusal, and some rare incidents of corpses spotted on the lawn and even murder. Airbnb is still struggling to completely eradicate such fraudulent listings.

    Logo Controversy

    When Airbnb introduced a new logo in 2014, it received a heavy backlash and sparked controversy saying that the logo has sexual connotations. However, Airbnb stood firm to their Belonging theory, and the issue faded away slowly.


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    Airbnb – Funding

    Since its inception in 2008, Airbnb received a total funding of $6 Billion. Airbnb’s market valuation surpassed $100 Billion after the company went public in December 2020 and is considered to be the biggest trading debut in the United States so far.

    Date Round Money Investors
    September 5, 2020 Series G $635K Global Secure Invest
    April 14, 2020 Debt Financing $1 bn Fidelity, T. Rowe Price, BlackRock, Oaktree Capital Management, Apollo Global Management, Benefit Street Partners, and Owl Rock Capital
    April 6, 2020 Private Equity Round $1 bn Silver Lake, Sixth Street
    September 22, 2016 Series F $555.5 mn TCV, Glade Brook Capital Partners, Geodesic Capital, FirstMark, CapitalG, Altimeter Capital
    November 20, 2015 Series E – 2 $100 mn FirstMark
    June 28, 2015 Series E – 1 $1.5 bn Kleiner Perkins, Sequoia Capital, GGV Capital, Horizons Ventures, T. Rowe Price, Wellington Management, Fidelity Investments, Tiger Global Management, General Atlantic, Temasek Holdings, Baillie Gifford, Groupe Arnault, Hillhouse Capital Group, China Broadband Capital, Manhattan Venture Partners, Slow Ventures, Tim Ringel
    April 16, 2014 Series D $475 mn Sequoia Capital, Andreessen Horowitz, T. Rowe Price, Dragoneer Investment Group, TPG, Sherpa Capital, Smile Group, Shervin Pishevar, ACME Capital, 137 Ventures
    October 28, 2013 Series C $200 mn Sequoia Capital, Tuesday Capital, Founders Fund, A-Grade Investments
    June 25, 2011 Series B $112 mn Sequoia Capital, Andreessen Horowitz, DST Global, CrunchFund, Jeff Bezos, Oliver Jung, Ashton Kutcher, General Catalyst Partners, Y Ventures, Tuesday Capital, SV Angel, GreyLock, Axel Springer Digital Ventures
    November 10, 2011 Series A $7.2 mn Sequoia Capital, SV Angel, Greylock Partners, Ashton Kutcher, Jeremy Stoppelman, Elad Gil, Keith Rabois, Y Ventures, Dave Holmes
    April 1, 2009 Seed $600K Sequoia Capital, Y Ventures
    January 1, 2009 Pre-Seed $20K Y Combinator

    Airbnb – Acquisitions

    Airbnb Acquisitions
    Airbnb Acquisitions

    Airbnb has made around two dozen acquisitions and the most important ones were Hotel Tonight and Luxury Retreats. Here’s checking out the other acquisitions of Airbnb:

    Acquiree Name Date of Acquisition Price
    Accoleo June 2011
    CrashPadder March 2012
    DailyBooth July 2012
    NabeWise July 2012
    Fondu October 2012
    Localmind December 2012
    Pencil Labs December 2014
    Vamo September 2015
    Lapka September 2015
    Trip4real September 2016
    Luxury Retreats February 2017
    Tilt February 2017 $50 mn
    ChangeCoin April 2017
    Deco Software May 2017
    Trooly June 2017
    Accomable November 2017
    AdBasis November 2017
    Koko November 2018
    Luckey December 2018
    Gaest January 2019
    HotelTonight March 2019 $400 mn
    Urbandoor August 2019

    Airbnb – Growth

    Started in a room in San Francisco, today they’ve their listings in over 1,00,000 cities around the world. Airbnb is one of such companies, which grew from nothing to a $30 bn firm in just 11 years.

    The funding started to flow in gradually from $20,000 in the form of the Pre-Seed round to the highest amount of $1.5 Billion in Series G. The Covid-19 pandemic came as a terrible disaster to their business operation. However, when the company went public in December 2020, Airbnb made a remarkable achievement by entering a $100 Billion market valuation right on the first day of their IPO. The Airbnb share value surged to a record high of 113% from $68 per share to $144 per share. This was one of the highest first-day rallies in US history.

    The number of guests going Airbnb has grown tremendously year on year. Where Airbnb saw around 540,000 guests on new year’s eve back in 2014, it welcomed close to 4.5 mn guests on 2019’s new year’s eve.  

    Airbnb New Year's Eve Guests Growth
    Airbnb New Year’s Eve Guests Growth

    Airbnb is nothing but an accommodation marketplace that provides access to over 6 million unique places to stay comfortably and at their leisure in nearly 100,000 cities and 191 countries. Interestingly, Airbnb also offers access to local communities and interests through more than 30,000 activities run by hosts across over 1,000 markets around the world so that you can be a traveler and not just a tourist. It entered India in 2016. Since its inception in India, the company has had around 45,000 listings with Goa being the most popular Airbnb haunt with 6000+ listings.

    Airbnb has last been valued at over $75 bn in December 2020.

    Airbnb – Awards

    Airbnb won the ‘App’ award in the South by Southwest Conference in March 2011. Later in 2020, employee work satisfaction was analyzed through ratings and reviews, and Airbnb secured the Best Company Perks & Benefits award.

    Airbnb – Competitors

    Although Airbnb commenced its operation with a unique idea, they’ve gained a handful of rivalries as they grew by. Here are some of the top competitors:

    Vrbo – Vrbo or Vacation Rentals By Owners is a subsidiary of HomeAway and focuses primarily on vacation rentals. HomeAway was later acquired by Expedia Group in 2015 and they provide a competitive environment to Airbnb.

    FlipKey – FlipKey is another vacation rental site that provides a safe and easy marketplace for customers to find the best place of their choice. It is a subsidiary of TripAdvisor, a travel booking company.

    OYO – OYO and Airbnb have a common goal but operate with different business models. Since Airbnb hasn’t rooted deeply in India, OYO stands to be their replacement and holds a good market position.


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    Airbnb – Future Plans

    Airbnb aims to transform Travel into a Living. To achieve this, Airbnb introduced more than 100 upgrades and innovations to its existing services that ensure flexibility among hosts and guests.

    Airbnb is keen on creating a new kind of travel for its guests in the post-pandemic situation. They recently launched 4 new property types namely, Vacation Home, Unique Space, B&B, and Boutique for a flexible user experience.

    Brian Chesky said that Airbnb is concentrating beyond traditional connotations of work travel and leisure for its success in the future.

    FAQs

    What is Airbnb?

    Airbnb is an online marketplace to connect people in need of accommodation with the people (host) who are willing to rent their home or space in a particular locality. The Airbnb founded date is listed as August 2008.

    When Airbnb started?

    Though the Airbnb idea was germinated in the minds of Brian Chesky and Joe Gebbia in 2007, it was only after Nathan Blecharczyk joined them in 2008 that the journey started for Airbnb. The company was founded in August 2008 by the Airbnb creators.

    What is the Airbnb origin story or the story of Airbnb?

    The Airbnb origin or the Airbnb story is closely connected with the Airbnb founder story, which began in 2007 when Brian Chesky and Joe Gebbia were roommates and they lacked the money that was due as their rent. While thinking about how they can pay their rent, they were to attend a design conference in San Francisco on the weekend, where they soon discovered that all of the hotels in SF were booked. This helped them with the idea that they also host some guests by themselves. In no time, Brian Chesky and Joe Gebbia arranged for 3 airbeds for 3 guests, which was the start of the hospitality business that would later be known as Airbnb. Soon they were joined by Nathan Blecharczyk in 2008 and Airbnb was founded.

    How many users are using Airbnb currently?

    There are over 4 Million hosts with 5.6 Million listings around the world. They’ve hosted more than 1 Billion guests so far.

    What is the average earning of the host?

    The all-time earnings of the hosts until October 2020 were recorded at $110 billion. The average earning of a host stand at $9,600 per year.

    What is the commission rate charged by Airbnb?

    Airbnb charges a 3% commission from hosts. Guests are charged typically around 14% for every successful transaction.

    Who are the top competitors of Airbnb?

    Some of the top Airbnb competitors in India are:

    • FlipKey
    • OYO
    • Vrbo
    • HomeToGo
    • OneFineStay
    • HouseTrip
  • Top 10 Beach Business Ideas | Best Beachside Business Ideas

    Beaches are beautiful and almost everyone under the sun will agree with this fact. From entertainment, commerce, and transportation to recreation and relaxation, all purposes are fulfilled here. The point with beach business is that you have to be socially relevant and economically sound and aware to operate a business here. Also, beaches require you to have appropriate licensing requirements and be conformed to certain standards of quality, precision, and duties.

    Most people opt for vacations and choose beaches for unwinding and spending time with family. This makes beaches one of those touristy places that have huge traffics and are characterized by on and off-season.

    As an entrepreneur, you have the option of creating a business that fits with the lifestyle you want. And if you want to spend your days at the beach and earn money by dipping your toes into the water, here are some profitable beach business ideas for you.

    Best Beach Business Ideas

    1. Food Shacks
    2. Accommodation
    3. Surf Shop
    4. Hostels
    5. House-Sitting
    6. Cruises
    7. Rental Shop
    8. Selling Local Merchandise
    9. Cafe/Restaurant
    10. Fishing Tours

    Best Beach Business Ideas

    Best Beach Business Ideas

    The best beach business ideas that are profitable and equally interesting to do are listed below.

    Food Shacks

    Food Shacks- Best Beach Business Ideas
    Food Shacks – Best Beach Business Ideas

    Beaches thrive on food. People who come to the beach, want to try all sorts of food from local cuisines to international dishes. Local food can be a great connector due to its ethnicity and it helps develop a bond with the customer. Shacks with good comfortable sitting and a variety of food options make one stand out. But you will have to face competition. So having a sector that stands out as a special attraction is important. You have to provide offers and properly market it with effective strategies.

    Accommodation

    Accommodation For Tourists - Best Beach Business Ideas
    Accommodation For Tourists – Best Beach Business Ideas

    Accommodation is one of the major concerns of tourists, the hospitality industry is a great option for a new business. If you have the required capital, consider starting a hotel, guesthouse, motel, and so on. Starting a hospitality business is a great long-term investment for you, especially in the beach community. The value of real estate property is expected to increase drastically in the near future. So, now is the best time to get in.

    Market size of the Hotel & Resort Industry Worldwide
    Market size of the Hotel & Resort Industry Worldwide

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    Surf Shop

    If you are planning to build your business around surfing beaches, then you can make money by opening a surf shop stuffed with various surfing equipment. Tourists and local people like to catch a few waves during their visit, but they usually don’t have all the necessary equipment. If you open a surf shop that provides surfing equipment, rentals and lessons, it will be a hotspot for tourists in both the summer and winter seasons.

    Hostels

    These are affordable options that work best on small tracts of land. They cater to mostly youth and those looking for budget travel options. Pricing is very important here as there is competition and also one has to offer allied facilities like Wi-Fi, food, walking tours, etc. to capitalize on the business. The facility has to be extremely hygienic as a number of people live there.

    House-Sitting

    House sitting Business- Best Beach Business Ideas
    House sitting Business- Best Beach Business Ideas

    Many houses in beach communities are unoccupied during the winter season as they were deemed to be summer homes. So, during winter, the owners of these houses often aren’t around to take care of the place. You can allay the security fears of these homeowners by offering home-sitting services. Working as a house sitter requires little or no capital. And you will have a lot of business to do in the beach community.

    Cruises

    Beaches offer various options like cruises where people can enjoy a luxurious lifestyle. This is a high investment-based plan. For those who love meals on water, dinner cruises can be started with great lighting systems and good music. Pricing is pivotal here as there is competition in this field. One should effectively market well and create customized packages for target populations.

    Rental Shop

    Rental shop- Best Beach Business Ideas
    Rental shop- Best Beach Business Ideas

    A store that rents out scooters, bikes, bicycles, and boats can be very profitable in beach towns. Providing items at competitive rates and group discounts is a way to earn money. These are mostly in demand due to conveyance issues and for self-exploration. Distributing pamphlets, sticking posters, and effective advertising which catches the eye of commuters is important. Also, the quality, make, and type of vehicle plays an important role in making decisions.

    Selling Local Merchandise

    Most of the time, tourists buy local items to take back home. They are particularly attracted to items that are unique and are not available in their hometowns and cities. So, you can start a business that sells local merchandise and souvenirs to tourists.


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    Cafe/Restaurant

    While on vacation, tourists definitely want to have a feel of the food experience in beach communities. So, you can make a lot of money catering to this need. To survive the threat of competition, you need unique culinary abilities that can help you stand out. You can have different menus for summer and winter to ensure that people get exactly what they crave.


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    Fishing Tours

    If you own a boat, you can turn it into a money-spinner. Most beach communities are fishing hotspots, and fishing is one of those interesting activities that tourists don’t like to miss while on vacation. You can offer fishing tour services taking people out to the reef. People will absolutely love the fact that they have a local guide who can take them to all the good spots.

    Conclusion

    Beach businesses are quite profitable. Some other beach business ideas include:

    Beachside businesses thus offer valuable business opportunities. You need the persistence to work upon details and significantly create businesses that can sustain the wrath of competition. Although the seasonal crisis is huge and most businesses set up their price lists accordingly, that is, peak season and offseason.

    FAQs

    What are the most profitable businesses on beach side?

    Some of the best beach side business ideas include:

    • Food Shacks
    • Accommodation
    • Surf Shop
    • Hostels
    • House-Sitting
    • Cruises
    • Rental Shop
    • Selling Local Merchandise
    • Cafe/Restaurant
    • Fishing Tours
    • Photography and Photo Booths
    • Gift Shop
    • Boat Rentals
    • Child Care
    • Pet Boarding Business

    What can you sell at a beach store?

    Beach store is one of the best beachside business ideas. The best things to sell in a store on a beach are:

    • Cold drinks
    • Snacks like popcorn, nuts, chips, sweets etc.
    • Sun block cream or spray
    • Sunglasses
    • Flip flops
    • Swimwear

    What is the growth of Food market in India?

    The food service market in India is growing hugely. It is forecasted to be about $110 billion in 2025.

    What kind of business is a beach resort?

    A Beach Resort is a beachside business with accommodation and easy access to a private beach.

    How is the Cruise business market?

    The global cruise industry revenue is over 27 billion U.S. dollars.

  • List of All the Subsidiaries of Mahindra Group

    Mahindra Group is one of the most well-known Indian conglomerate company that has its headquarters based in Mumbai, Maharashtra. The company originally called as Muhammad and Mahindra and was established in 1945 by the brothers J.C Mahindra, K.C Mahindra and Malik Ghulam Muhammad. The conglomerate is considered to be one of the well-known reputable Indian industrial company and is also a leader in manufacturing utility vehicles including tractors in India.

    The company enjoys a strong presence in sectors of real estate, agribusiness, aerospace, commercial vehicles, logistics, real estate, renewable energy, etc. Mahindra employees more than 2,40,000 people across 100 different countries.

    Mahindra group started its operation in the steel business, but has now expanded to 22 industries such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, energy, farm equipment, finance, insurance, industrial equipment, information technology, leisure, logistics, retail, education, hospitality, etc in 2020.

    The CEO of Mahindra group is Anand Mahindra. The Mahindra Group has a $20.7 billion dollar federation of companies that aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities around the world.

    The vision of the company is to empower enterprise everywhere and help in the growth of mobility, rural prosperity, IT, financial services, clean energy and business productivity.

    In India, the company is very popular for their innovative IT solutions and reliable yet affordable automobiles. The company is so far successful because of its subsidiaries such as Club Mahindra Holidays, Mahindra Aerospace, Mahindra, Logistics Limited, Mahindra Lifespace Developers, Mahindra Electric Mobility Limited, Tech Mahindra, Mahindra & Mahindra Financial Services Limited and Mahindra & Mahindra Limited among others.

    A Brief History of the Mahindra Group
    List of Mahindra Group Subsidiaries

    1. Mahindra & Mahindra Limited
    2. Mahindra Finance
    3. Tech Mahindra
    4. Mahindra Electric Mobility Limited
    5. Mahindra Logistics Limited
    6. Mahindra Lifespace Developers Limited
    7. Mahindra Aerospace
    8. Mahindra Holiday and Resorts India limited

    A Brief History of the Mahindra Group

    Mahindra Group started out as steel trading company more than seven decades ago, now it is a global brand spanning in various industries in more than 100 countries. Earlier known as Muhammad and Mahindra, the company was established in 1945 as a steel trading company by the brothers J.C Mahindra and Kailash Chandra Mahindra and Malik Ghulam Muhammad.

    Post the partition of India in 1947, Malik Ghulam left the company and the country to immigrate to Pakistan where he became the first finance minister. This is why K.C Mahindra changed the name of the company to Mahindra & Mahindra in 1948. The company became a leader in the steel industry as also began trading steel with UK suppliers. It also was the company that began manufacturing Willys Jeeps in India in 1947.

    It wasn’t until 1956, that the company got listed on Bombay stock exchange, by 1969 the company had entered international markets as an exporter of utility vehicles. Mahindra started its tractor division in 1982 and a tech division (now known as Tech Mahindra) in 1986. When Mahindra group became really big and got into many sectors in 1994, the company had to reorganize, dividing it into six business units like automotive , farm equipment, infrastructure, trade and financial services, IT and Automotive components.

    Mahindra & Mahindra is currently one of the largest companies in India, as it was also ranked the top 200 most reputable companies in the world by Forbes in 2009. The Mahindra group then went on launch Mahindra rise a new corporate brand in 2011, in order to unite the company’s image across all industries and countries. Mahindra group entered the two wheeler market by taking over Kinetic motors in India.

    In 2011, Mahindra brought a huge stake in the REVA Electric Car Company, the same year the company also acquired SsangYong Motors which is a South Korean company. From then onwards, the company started acquiring international companies like Peugeot Motorcycles and even Pininfarina Spa (an Italian car designer), Hisarlar (a farm equipment company), Erkunt tractors Sanayi (Turkish tractor maker), among others. This is how the Indian conglomerate paved its way to become a global powerhouse.

    The history of Mahindra group

    List of Mahindra Group Subsidiaries

    Here are listed all the Mahindra Group Companies.

    Mahindra & Mahindra Limited

    Founded: 1945

    Mahindra Group Limited
    Mahindra Group Limited

    It is the flagship company of Mahindra group which is also a multinational automotive manufacturing corporation. Mahindra and Mahindra Ltd. is headquartered in Mumbai, Maharashtra and has more than 17,577 employees from over 100 countries across the globe. It is also one of the largest manufacturers of vehicles in India and the largest manufactures of tractors in the world.

    Mahindra & Mahindra popular cars
    Mahindra & Mahindra popular cars

    Mahindra is known for its commercial vehicles, tractors, two wheelers and even construction equipment. In 2018, the company was ranked 17th in the top companies list in India by Fortune India 500. This company was started by K.C Mahindra after he was inspired by a jeep invented by Barney Roos, which he saw during a trip to America as Chairman of the India Supple Mission. The main competitors of Mahindra and Mahindra in India are:

    The company has been so successful because of its subsidiaries which manufacture and market a wide range of utility vehicles. Mahindra & Mahindra also provides farm equipment services, steel trading, processing services, financial services, infrastructure development, hospitality services, information technology services, systech among numerous others.


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    Mahindra Finance

    Founded: 1991

    Mahindra Finance - Mahindra & Mahindra Subsidiaries
    Mahindra Finance – Mahindra & Mahindra Subsidiaries

    Mahindra Finance is one the top tractor financers in the country as it provides various different financial products to its customers. The company so far has over 4.7 million customers and more than 1200 offices which is spread all across the country.

    Mahindra Finance started its first branch in Jaipur in 1995 and began financing non Mahindra vehicles in 2002 and then went on to finance commercial vehicles and construction equipment in 2009.

    The vision of Mahindra finance is to provide financial services in semi urban and rural India, as well as transform rural lives and drive positive change in the communities. This is why the company has one branch within the reach of every two villages in India.

    The product portfolio of Mahindra finance includes vehicle finance for passenger vehicles, utility vehicles, tractors, commercial vehicles, construction equipment’s, etc.

    It also provides SME finance which includes project finance, equipment finance, working capital finance. Mahindra finance is also known for its mutual fund distribution, fixed deposits and personal loans that are tailored as per the customer’s needs. So far the company has over 33,000 employees and is present in all the states of India, with a footprint in 85% of its districts.

    Mahindra Finance has brought about a positive change by using its subsidiaries like Mahindra Insurance Brokers Limited and Mahindra Rural Housing Finance to cater to the financial needs of millions of its customers in both rural and semi urban regions of the country. The company has a connection with its customers as, it provides them with evolving needs.


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    Tech Mahindra

    Founded: 1986

    Tech Mahindra - Mahindra & Mahindra Subsidiaries
    Tech Mahindra – Mahindra & Mahindra Subsidiaries

    Tech Mahindra is an Indian tech company which is also one of the main subsidiary of Mahindra group, headquartered in Pune, Maharashtra. The company provides services like Information Technology (IT) and Business Process Outsourcing (BPO). The annual revenue of Tech Mahindra in 2020 was $5.2 billion, it has more than 125, 236 employees spanning across 90 countries.

    Tech Mahindra has more than 988 global customers and was also listed under the Fortune 500 companies list in 2019. Currently, the company has over 973 active clients. The company provides innovative and customer centric experiences enabling enterprise, associates and the society to grow. Tech Mahindra was created after Mahindra & Mahindra started its joint venture with the British Telecom in 1986 as technological outsourcing firm.

    Tech Mahindra is also known to be the fastest growing brands and amongst the top 15 IT service providers globally. It aims to provide its global customers with next generation technologies including 5G, Blockchain, cyber security, AI and much more in order to help in digital transformation. In 2020, Tech Mahindra also got in the list of India’s 50 best companies to work according to the Great Place to Work.

    Mahindra Electric Mobility Limited

    Founded: 1994

    Mahindra Electric - Mahindra & Mahindra Subsidiaries
    Mahindra Electric – Mahindra & Mahindra Subsidiaries

    Mahindra Electric Mobility Limited was initially called as the Reva Electric Car Company before it was acquired by Mahindra & Mahindra in 2010.

    The company has its headquarters in Bengaluru, Karnataka and is known to be a pioneer for designing and manufacturing electric vehicles in India. MEML’s first electric car REVAi was one of the most popular and affordable electric car available 26 countries in over 4000 different variations.

    The company is also the first Indian car manufacturer that has travelled more than 170 million ekilometres on its fleet. The Reva electric car company (REVA an acronym for revolutionary electric vehicle alternative) was founded by Chetan Maini in 1994 as a joint venture between the Maini Group and Amerigon Electric Vehicle technologies.

    The company has a wide variety of electric vehicles such as the electric sedan eVerito, the electric commercial vehicle, eSupro a van for passenger & cargo and lastly the Treo range of three-wheelers powered by lithium and ion battery. The aim of the company is to develop and produce more affordable electric vehicles for personal and commercial segments.

    The future of mobility in India

    Mahindra Logistics Limited

    Founded: 2000

    Mahindra Logistics - Mahindra & Mahindra Subsidiaries
    Mahindra Logistics – Mahindra & Mahindra Subsidiaries

    Mahindra Logistics Limited is another subsidiary of Mahindra group that is a leader in the sector of integrated third party logistics service, supply chain management and enterprise mobility solutions. The company was founded more than a decade ago and aims to continue providing customized, innovative and technology enabled solutions to its clients across different industries.

    So far, the company has over 500 customers across sectors like automotive, engineering, consumer’s goods, pharmaceuticals, telecom, ecommerce, bulk, banking, IT, financial services, insurance, etc. It has provided transportation services for 1,00,000 plus kilometers per month and has an experienced team with strong domain knowledge.

    Mahindra Logistics offers customization and end to end logistics services and solutions, right from distribution, warehousing, in factory logistics and value added services to their customers. The aim of the company is to make the logistic process from origin to end customer easier, affordable, efficient and reliable, with shortened delivery times and better provide customer satisfaction.


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    Mahindra Lifespace Developers Limited

    Founded: 1994

    Mahindra Lifespaces - Mahindra & Mahindra Subsidiaries
    Mahindra Lifespaces – Mahindra & Mahindra Subsidiaries

    Mahindra Lifespaces is a leading real estate development company in India, which is headquartered in Mumbai, Maharashtra. The company was founded in 1994 and has so far created innovative projects and designed living spaces throughout the country. The company is also a pioneer in sustainable urbanization, as it aims to provide responsible, green design and development options to its clients.

    Mahindra Lifespace has developed well known projects in metropolitan cities like Mumbai, Pune, Nagpur, Ahmedabad, Delhi, Jaipur, Hyderabad, Chennai, and Bengaluru. The company has so far completed residential projects of about 17.81 million sq. ft. and is working on upcoming residential projects of 7.9 million sq. ft.

    It also has over 5000 acres of ongoing and upcoming projects under development at its integrated industrial clusters in 4 different locations. In 2019, Mahindra Lifespaces was ranked 17th among India’s Great Mid-Size Workplaces, by the Great Place To Work Institute.

    Mahindra Aerospace

    Founded: 2003

    Mahindra Aerospace - Mahindra & Mahindra Subsidiaries
    Mahindra Aerospace – Mahindra & Mahindra Subsidiaries

    Another subsidiary that is a leader in its sector is the Mahindra Aerospace. This Indian aerospace company is the first ever private firm that manufactures civil aircrafts for Indian Aviation market. The company is an AS9100 Rev D certified design organization and has also developed a NAL NM5 light aircraft along with National aerospace laboratories.

    The company has manufacturing plants in Latrobe regional airport in Victoria, Australia and Narsapura Industrial Area in Karnataka, India. The Aeros-structure business of Mahindra aerospace is known for providing sheet metal parts and assemblies for major global aerospace and defence companies. It provides more than 350 plus programs in over 9 countries.

    Mahindra aerospace has acquired stake in international aircraft manufacturers like GippsAero, Aerostaff Australia in 2009 and Australian Boeing unit in 2010. The company has also used its planes as an air ambulance, rescuing animals and putting out wildfires in the times of need.

    Mahindra Holiday and Resorts India limited

    Founded: 1996

    Mahindra holiday and resorts - Mahindra & Mahindra Subsidiaries
    Mahindra holiday and resorts – Mahindra & Mahindra Subsidiaries

    MHRIL is a part of the leisure and hospitality sector of the Mahindra group that was founded in 1996. Mahindra holiday and resorts offers family holiday packages mainly through vacation ownership memberships for over a period of 10 to 25 years. The main offering of the company is the Club Mahindra holidays which is its most popular flagship brand.

    The Club Mahindra has more than 260,000 members, with a 100 plus resorts in India and 4,500 affiliated RCI resorts all over the world. The company is also known to be the world largest vacation ownership brand outside America.


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    Conclusion

    The company aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, nurturing new businesses and fostering communities around the world. Mahindra is so successful and will continue to grow because of its numerous subsidiaries. Mahindra is also a leader in as many as 22 sectors with an annual revenue $13 billion dollar.

    Frequently Asked Questions

    What does Mahindra group do?

    Mahindra Group is a billion-dollar global enterprise that has business in sectors such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, and more.

    What are the subsidiaries of Mahindra Group?

    The list of Mahindra group subsidiaries are:

    • Mahindra & Mahindra Limited
    • Mahindra Lifespace Developers Limited
    • Mahindra Financial Services Limited
    • Mahindra Holiday and Resorts India Limited
    • Mahindra Aerospace
    • Mahindra Logistics Limited
    • Mahindra Electric Mobility Limited
    • Tech Mahindra

    Who is the CEO of Mahindra group?

    Dr. Anish Shah is the CEO of Mahindra Group.

    Where is the headquarters of Mahindra Group?

    The headquarters of Mahindra Group is in Mumbai, Maharashtra.

    What is the net worth of Anand Mahindra?

    The net worth of Anand Mahindra is $170 Crores.

    Who is the CEO of Tech Mahindra?

    CP Gurnani is the CEO of Tech Mahindra.

    How many companies are there under Mahindra Group?

    There are 150 companies having global presence in 23 industries under Mahindra Group.

    How many employees are there in Mahindra Group?

    There are over 250,000 employees in Mahindra Group.

  • Ekostay- Providing Extravagant Yet Affordable Homestay

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by EKOSTAY.

    The hospitality sector has been hit hard during Covid. Despite the negative impacts, Indian tourism and hospitality are expected to earn US$ 50.9 billion by 2028. The demands for good service hotels are high and their charges are equally sky touching. People in India wants good service quality at an affordable rate. Value for money is highly important for citizens in India. In hospitality industry, quality service and customer satisfaction play irreplaceable roles. Ekostay is a vacation homestay venture based out of Mumbai. It offers the widest range of Homestay options and provides an extravagant yet affordable experience across India.

    Read to know the success story of Ekostay, its founders, the startup idea, business model, and growth.

    Ekostay – Company Highlights

    Startup Name Ekostay
    Headquarters Mumbai
    Sector Hospitality
    Founders Varun Arora, Husain Khatumdi, Sohail Mirchandani, Zishan Khan
    Founded 2018
    Website ekostay.com

    Ekostay – About
    Ekostay – Industry
    Ekostay – Founders and Team
    Ekostay – Idea and Startup Story
    Ekostay – Name, Tagline, and Logo
    Ekostay – USP
    Ekostay – Business Model & Revenue Model
    Ekostay – Customer Acquisition
    Ekostay – Challenges Faced
    Ekostay – Marketing
    Ekostay – Growth
    Ekostay – Competitors
    Ekostay – Recognition and Achievements
    Ekostay – Future Plans

    About Ekostay 

    Ekostay – About

    EKOSTAY provides the best alternate homestay accommodation service to their cliental pan India.

    Their mission is to empower guests through the provision of luxurious quality homes at an affordable price. Ekostay aims to achieve this by providing a customer-centric approach in design and marketing of properties. They are committed to achieving excellence in all that they do and continue to go beyond the expectations of stakeholders and work with homeowners to take away the hassle of hosting, improve the management of their property, and give an additional source of revenue and give the best experience to their clients.

    The team hopes to make Ekostay, the dominant firm in the alternative housing industry by changing the way homes are hosted in India. To provide guests the finest of local experiences to compliment vast variety of services and make their stay in India genuinely unforgettable. The team continues to focus on creating a large and devoted homeowner consumer base and providing them with an experience that is far superior to a standard homestay.

    Ekostay – Industry

    EKOSTAY belongs to the Alternative Accommodation Industry and Ekostay cater to mass economical market. With dynamic strategy they target Tier 1, Tier 2 and Tier 3 cities studying the demographics and purchase behaviour of the consumers. By analysing the predicted trends against the historic data compiled by analysts, consumer preferences, and choices they provide a range of Homestay experiences, from premium designer villas to affordable luxury properties. They provide homestay experiences that are personalised to the needs of the customers, and they work with the homestay providers to redesign their properties with a customer-centric approach. The alternative accommodation industry is booming. This means that there are more homestays available than ever before, providing a cost-effective and unique holiday experience. But finding the right homestay can be a challenge. There are so many choices, each with their own unique style, theme, offering, and EKOSTAY strives to provide the very best to every individual customer by handpicking properties in the best locations.

    Ekostay – Founders and Team

    Founded in 2018 by the Entrepreneurial Fantastic Four- Varun Arora , Husain Khatumdi, Sohail Mirchandani & Zishan Khan, with a vision to tailor the needs of the holiday goers on experiencing a cozy & private stay of a home away from home.

    Varun Arora - Co-founder of Ekostay
    Varun Arora – Co-founder of Ekostay

    Varun Arora the Chief Executive Officer & Co-Founder thrives on exploring new avenues that can help elevate his organisation to the next level. A graduate in Mass Media from Mumbai University, he started his career in the marketing field, where he learnt the skills of strategizing and implementing online & offline creative marketing strategies as he leads the Social media and Business Development team at EKOSTAY.

    Husain Khatumdi - Co-founder of Ekostay
    Husain Khatumdi – Co-founder of Ekostay

    Husain Khatumdi the Managing Director & Co-Founder, A graduate from Cass Business School, London with an entrepreneurship diploma from Queensland University of Technology, Australia, Designing, crunching numbers, strategizing, and putting plans into action are some of skills that define him. As the leader of EKOSTAY’s sales team, Husain’s experience rests in defining, measuring, and delivering key performance indicators (KPIs) across all verticals.

    Sohail Mirchandani - Co-founder of Ekostay
    Sohail Mirchandani – Co-founder of Ekostay

    Sohail Mirchandani the Chief Operating Officer & Co-Founder while heading the Finance department at EKOSTAY defines and manages the brand’s vision, ensuring that the company sticks to its core of having a great backend strategy and team, mastering the art of budgeting and analytical competence, and acing interpersonal relations to ensure that every client at Ekostay receives a personal touch and has the best homestay experience possible.

    Zishan Khan the Chief Acquisition Officer & Co-Founder A pharmacy graduate with a strong desire to remodel and transform run-down properties. Staying loyal to the brand’s goal, he takes a genuine interest in exploring new places, seeking and acquiring holiday properties.

    Ekostay – Idea and Startup Story

    Founded in 2018 by Husain Khatumdi, Sohail Mirchandani, Varun Arora, and Zishan Khan, the Entrepreneurial Fantastic Four, with a mission to cater the needs of vacation seekers on experiencing a pleasant and private stay of a vacation home. EKOSTAY currently has over 125+ properties spread over 15 cities to choose from. There is a lack of inexpensive hotel rooms in India, according to surveys. While the demand for such hotels is growing, developing hotels requires a large upfront investment that most consumers cannot afford. Homestays allow people to become micro-entrepreneurs by utilising already-existing houses. This enables local residents to generate revenue in rural regions and new locations with little or no investment. It also aids in the development of local communities and their financial independence.

    When you start your search for a vacation home on your computer, their sales and marketing staff is already working hard to ensure that EKOSTAY appears as one of your top search possibilities. After you’ve chosen Ekostay, they make the decision to make your stay as restorative and engaging as the location. Their city managers offer a smooth and quick check-in so you can bond and make memories in a delightful domicile. Their trained caretakers will be on hand to assist you throughout the day while you relax on the private lawns or relax in the private pools.

    Ekostay Logo
    Ekostay Logo

    Ekostay represents economical stay. In the uncertain time of the Covid 19 pandemic and sudden lockdowns in different parts of India they aim to provide comfortable and premium and isolated stays at an affordable price to all the guests that maintains a level of sanitation and hygiene at all properties throughout India. Their tagline “Think of a staycation, Think EKOSTAY” is because they try their best to personalise every staycation to cater to the needs of guests and provide them with utmost luxury and comfort which amalgamates into an unforgettable experience and whenever guests think of a staycation they immediately think of EKOSTAY.

    Ekostay – USP

    One of the strongest USPs of a homestay is the customised services it can offer to its guests. Their USP is that they cater to the masses and work towards making the homestay experience perfect and flexible according to the needs and demands of every individual guest. The first step to providing a Homestay experience is to redesign the properties to accommodate Homestay guests. Furthermore, keep in mind that your guests’ experiences are made up of numerous little, detailed moments, none of which should be overlooked. One can gain loyalty and favourable reviews by capturing those moments and feedback and reflecting those in their properties and hospitality. They have renovated properties, made pools for homestays, which is a great opportunity for homestay owners to renovate their properties to accommodate the guests. This not only provides homestay owners with a new revenue stream, but also gives the guests an opportunity to experience the best of the best in EKOSTAY properties.

    Ekostay – Business Model & Revenue Model

    The business revenue model at EKOSTAY is flexible and accommodates the needs/demands of the homeowners. Over 75% of Ekostay company is based on a fixed rental model, in which they lease a home and then sublease it to visitors for short trips. The remaining 20% operates on a revenue-sharing model, in which they form an exclusive partnership with a homeowner and divide earnings with them in a mutually agreed-upon set ratio. They don’t take on properties over which they don’t have complete control, thus all of the properties listed under EKOSTAY’s name are handled solely by us. They have been profitable since the beginning, and they intend to stay that way.

    Ekostay – Customer Acquisition

    As the case is with any startup, they started getting customers through networking and word of mouth. The customers gave Ekostay positive feedback and revisited the properties along with recommending the properties to their friends and family. Along with that EKOSTAY started advertising the properties on social media platforms which also attracted a lot of enquiries which got converted in loyal customers.

    At EKOSTAY, team has implemented various strategies that helped to attract and retain customers. EKOSTAY Annual Membership as well as various offers on festive occasions has helped them retain quite a few loyal customers. Targeted ads on various social media platforms along with positive feedback by happy and satisfied guests also attracts potential new customers. They are also rigorous with social media advertisements and posts about the newly launched properties in exciting new locations India which also gets them feedback and traction from guests who have stayed at EKOSTAY properties in the past as well as potential new customers.

    Ekostay – Challenges Faced

    The most challenging part was the pandemic of Covid 19 and various lockdowns that followed after uncertain intervals. Ekostay had a lot of rental properties in inventory and no guests as all domestic travel were at a halt to stop the pandemic from getting worse. As and when the restrictions got lifted, encouraging customers to visit their isolated villas and properties by reducing base price was a strategy they implemented to get the business up and running. Their top priority since then has been the safety of the guests visiting the property and for that EKOSTAY has implemented and maintained a code of sanitation and hygiene at every individual property. To prevent any further losses they introduced force majeure clauses in the contracts so that they do not lose capital due to events like the pandemic which are unforeseeable and out of control. Since the pandemic has eventually subsided, they hope situations like this never arise and the alternative accommodation industry can serve their guests with a comfortable stay.

    Ekostay – Marketing

    In these difficult times, social media has become one of the most efficient way to advertise. To effectively promote its property, the hospitality industry has to have a strong and active presence on social media. In these changing times, social media is not only a powerful but also an excellent marketing approach. Using social media to spread the word is the most Successful marketing campaign. Collaborating with influencers and providing them free stays in their villas was one of the strategies they adopted which got them quite a fair share of enquiries from viewers who then visited their properties for a getaway. As the word suggests influencers have a lot of engagement on their media platforms and people do obtain heavy amount of information from such presence and they used that platform in a positive way to socialise the brand EKOSTAY. With everyone moving online, now is the opportunity for them to embrace digital and increase the visibility of the property and brand. The simplest method to accomplish this is to partner with a Ekostay that will renovate your house, take several photos of the place, the view, and the facilities, post it on the internet, and handle your visitors and provide isolated, luxurious and affordable stays at premium properties with their own pools and lawns to the guests.

    Ekostay – Growth

    The company has had exponential growth over the span of the last three years despite of the effects of pandemic on the economy. Their clientele has responded positively regarding hygiene and their quality staycation at their properties. They are working towards acquiring and launching new properties at exciting new locations for a premium and affordable getaway for guests. They soon aim to expand business internationally to serve guests with extravagant getaways.


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    Ekostay – Competitors

    The alternative accommodation sector is a major disruptor in the hotel industry, and it is becoming increasingly institutionalised, with sophisticated revenue management but like every other industry they also have a fair share of competition to look out as well to learn from. Their competitors, to name a couple, Vista rooms and Saffron stays are also quite well known in the alternative accommodation industry which is noteworthy. Furthermore, in any sector, competition is always escalating, and having been in the game longer than the newcomers provide them an advantage over them since Ekostay have built a brand with a comparatively elevated recall value over the years, which they still require.

    Ekostay – Recognition and Achievements

    EKOSTAY received the ‘Iconic Most Premium Staycation Getaway” in October 2021 by one of India’s most esteemed print brand Mid-day. Receiving a prestigious award has made their efforts in the last few years’ worth it. Ekostay getting recognised at a renowned platform gave them an opportunity to gain more visibility and establish trust among potential customers which boosts them to do better every day and provide a premium stay at an affordable price to all their valuable guests.

    Ekostay – Future Plans

    They have quite a few new avenues and ventures to look forward to but considering the looming threat of the pandemic and the fragile state of the economy the workflow is comparatively slow. They are continuously expanding inventory for their guests in new territories pan India in beautiful and scenic locations by handpicking the most luxurious and premium properties and renovating them according to their aesthetics to ensure the best experience to the guests. Their aim is to expand business internationally in the coming years to host and serve guests on a multinational platform at Ekostay.

    They are committed to providing the best of Homestay experience by creating a personalised experience for each and every home-stay guest, regardless of their preference. They collaborate with their hosts to remove the hassle of hosting, to better manage their property and in turn provide them with an alternate source of income.

    FAQs

    Who are the founders of Ekostay?

    Varun Arora, Husain Khatumdi, Sohail Mirchandani, and Zishan Khan are the founders of Ekostay.

    When was Ekostay founded?

    Ekostay was founded in 2018.

    Ekostay serves in which cities?

    Ekostay serves in more than 15 cities in India.

    Who are the competitors of Ekostay?

    Some of the competitors of Ekostay are:

    • Vista rooms
    • Saffron stays