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Superhero Of Startup:Sumit & Karan-LuvStay

Every startup involves a great idea and a great execution. It involves constant effort and hardwork. This is the main reason we beleive startup founders are a superhero without the cap. In our series of Superhero of Startup today we have team Luvstay. 

Let’s hear their journey!!

1. Tell us something about you and your startup. 

LuvStay is a unique and bold startup which helps unmarried couples to rent a room to spend quality time with safety and security. As you know In India, renting a room for unmarried couples is much concerned. And it becomes tougher and complicates if you hold local id. So a team of young and dynamic peoples initiate LuvStay to solve this issue.

2. What was your motivation behind venturing into this?

Mr Sumit Anand Founder of venture had faced a similar problem in his days. So he decided to overcome. As you see the number of moral policing has been increased for lovers. And interestingly what we are doing is not illegal. Our constitution has made provision even our basic right that if two individuals are legally adult they can rent hotel across the nation anywhere, So after deep research on legal aspect Mr Anand left his lavish job and started LuvStay.

3. Give us a brief background about founders and its core team members?

Mr Sumit Anand :- CEO & Founder. Prior to start LuvStay, Mr Anand is Biotech Engineer and worked in Jubilant, Modi Mundi Pharmaceuticals.
Mr Karan Mago :- CMO & Co-Founder . MBA from KJ Somaya University , Expert in Digital Marketing.

4. Who do you see as competition and how is your startup different?

LuvStay hits in a very niche segment, although we have competitors but we are very different. We hit on budgeted segment as Price is an important concern in India. LuvStay is first couple friendly hotels in budgeted segment.

5. What are the revenues and margins like in your industry?

We almost got 100 numbers daily..5000 hits on website and application daily. 2000 active users daily.

6. What are your future plans?

By end of this year, we wanted to expand in every state. Right now we mark our presence in 30 cities so target for this year is to cover atleast 70 cities.

7. Any advice you want to give budding entrepreneurs.

Patience and dedication. Idea won’t work.. Execution matters. Your core team’s dedications. And Patience is key. Don’t rush for funding.

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