Quick, convenient and cost effective- these are a few words which describe us the best. A hotel branding chain that serves as an easy way of making bookings at premium hotels all over the country, we, QiK Stay, have an interesting story of how Jasveer Singh, our founder-CEO created us from an inspiration to make something huge.
Born in the small town of Etah in West Uttar Pradesh, Jasveer was always inclined towards being an entrepreneur. After a series of jobs in various organizations like changemytyre.com, chakleindia and abhilaya.com, he finally gave way to his dream of starting his own company called sparehousing.com which was essentially a look-up website for paying guest accommodations. After a successful run for a year, he sold the company to take a sabbatical and channel his energies into drafting his next brainchild — ZOZO STAY (later transformed to QiK Stay).
Jasveer had a lot of hardships along the way. His sister’s marriage was a tough time as their father’s business was at a very critical stage where they were literally living hand to mouth. Money was always a major concern but it was also his biggest motivation to create something big. All this while, Jasveer never let his family know about his start-ups or the fact that he had left his job. Working out of coffee shops for 2 years, he didn’t have any money in the bank and would avoid meeting friends and family for a year and a half, because that would require spending money that he did not have.
Hard work is the key to all successes, and so was the story for Jasveer. A firm believer of self-motivation and problem solving, he constantly pushes himself and his employees to work harder and maintain faith in themselves and the work they’re doing. The one thing that kept Jasveer going through all the good times and bad is the fact that he never paid attention to other people’s advice. Though he would often be told money comes second to following passion and dreams, he eventually realized money is, in fact, very important. He spent his time interacting with people form the hospitality industry, which inspired him to run a guest house with an initial investment of merely Rs 50,000. A few months into the business, he managed to generate a revenue of Rs 15 lacs and even went on to acquire three more properties. Having his fair share of experience with the venture, Jasveer was now convinced that an ownership model was not the key to fast and exponential growth in this sector. Hence, he felt a need to build a hotel branding chain, an asset-light model in which instead of owning and operating the properties himself, he would create an umbrella brand making it convenient for the customers to choose from a vast array of premium hotel stays at affordable prices.
ZOZO STAY, our forerunner, was an asset-light model where hotels were made available on hourly basis. After testing the waters for a few months, ZOZO STAY evolved to become QiK Stay, not just changing the name but to change what we do as well. Excessive network, looking for the right talent to join our growing family has helped us become what we are now — a brand that helps make bookings at premium hotels across India, at ease and with maximum customer satisfaction. With undying self belief and confidence, we don’t just wish to deliver booking — we want to deliver experiences of comfort and luxury to every one of our users, and this is what makes us different from all our buddies in the market!
