goSTOPS raises Rs 35 crore in a Sries A funding round led by Blume Ventures

Youth travel hostel brand goSTOPS has raised Rs 35 crore ($4.2 million) in a Series A funding round led by Blume Ventures with participation from co-lead investor 1Crowd. 

Other existing investors, including Mumbai Angels, Chennai Angels, Indian Angel Network, Lead Angels, and Yuj Ventures, also participated in the round.

What does goSTOPS do?

Founded by Pallavi Agarwal and Pankaj Parwanda, goSTOPS is focused on redefining travel for youth with its vibrant, design-led social spaces.

"At goSTOPS, we are redefining how young travellers experience India—offering vibrant, social, and design-led spaces for the new generation. This investment reflects the trust our investors have in our vision and the category we are building," said Pallavi Agarwal, Founder & CEO at goSTOPS.

Purpose of fundraising

With this fresh infusion of equity capital, goSTOPS is set to expand its capacity from 2,500 to 10,000 beds across 100 locations in the next 24 months, achieving 4X growth.

"With their continued support, we are set to scale goSTOPS into India’s most preferred youth travel brand—by expanding our footprint while staying true to our promise of making the transformative power of travel accessible to young Indians," Agarwal added.

The funding will be used to strengthen operations, enhance technology, and elevate the social and experiential aspects of its existing properties. In addition, the startup is also finalising debt partnerships to expand its war chest for the brand’s expansion.

Investors comment

Talking about the investment, Ashish Fafadia, Partner at Blume Ventures said, “goSTOPS has built a category-defining brand by combining deep operational expertise, smart asset management, and tech-driven efficiencies. Their ability to optimise unit economics while scaling rapidly is a testament to the team’s tenacity and strategic vision. We are excited to back their journey as they continue to expand and transform the youth travel experience in India.”

Anil Gudibande, co-founder of 1Crowd, who has co-lead the funding, said, “As an early backer of goSTOPS, we always believed that the brand was more than just a hostel chain — it’s a youth brand with the potential to shape travel and lifestyle choices. The founders’ ingenuity, and deep understanding of their audience have been key to their success. Their team isn’t just about asset utilisation; it’s about creating experiences that resonate with young travellers."