Find My Stay to raise up to $8 mn

Find My Stay, a New Delhi-based start-up that operates a hotel booking website with the same name, is planning to raise a capital of $5-8 million to launch international inventory and roll out more vanilla offerings during the next calendar year.

“Our idea is to introduce the regular ‘search and booking’ service in the domestic market towards early 2014 and then focus on launching an international inventory by the end of next year,” Rohit Kheterpal, co-founder of Find My Stay, said.

Self-funded by Kheterpal and another co-founder Simran Sial, the one-year-old company offers ‘Find My Stay @ My Price’ service. This  allows users to book a hotel at exactly the price they wish to pay for their stay through an online bidding (or reverse auction).

Full report here Business Standard 


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