Studentrip.in

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Name: Sumit Shekhar

Company: Student Trip India

Website: www.studentrip.in

Linkedin: www.linkedin.com/studentrip

Twitter: www.twitter.com/studentrip

Facebook: www.facebook.com/studentrip
 
 
Techaloo: How the entrepreneurship journey started? Or who inspired you to start business?
Sumit: As a matter of fact, I love to travel. I’ve visited almost all of India. My hunger for adventure and travel and to top it all to take (and sometimes force) my friends to travel with me laid the foundation for this venture.
My friends and juniors(ISM) were my inspiration; they helped and motivated me whole heartedly without expecting anything in return. I was also enticed by a similar idea firm, “Student Trip Europe”, which is doing a business of more than a million $ now in just 25 years. But that came later.
But student trip was born on my trip to Gangtok with my ISM friends. The number of middle men involved dumbfounded us. “Toote hue dil se sangeet nikalta h”….. BAD JOKE, I know!

Techaloo: Share some info about your products and services here.
Sumit: It is a non profitable venture. Like I said, Studentrip is meant exclusively for students so that they can get best planned and reliable trips, at minimum cost without incurring the overheads of the several middlemen involved. Our initiative empowers students to customize their trips at cheapest possible rates through best trip planners who have undergone several Pre-Qualifying tests to conform to the quality standards.

Techaloo: What is your partnership strategy?
Sumit: We are working with a team of IITians, ISMites of course, and some people from IIMs. If an opportunity arises, we could club a similar venture to expand ourselves. And if everything goes to plan we will have covered all of India and some international destinations as well in the coming years.

Techaloo: How does bidding work?
Sumit: There is no bidding involved. We have fixed rates based on hotel accommodation, Car rent, food charges, Government permission (gangtok and sundarban) and other miscellaneous to add to the minimal profit of the with trip planners. We directly consult different trip planners and then eliminate them based on their quality and the experience of our team. Based on the quotations we choose the one with lowest bid so that it can be economical for the students. Then we subsidize that trip based on nationalized site concept.

Techaloo: Share some information about the founders.
Sumit: I am a Petroleum engineering graduate from ISM. All the members of student trip are employed in reputed firms right now or pursuing higher degrees from reputed institutes that corresponds with the idea of this being a non-profitable organization. This venture is being pursued as a hobby. Everybody involved loves doing what they are doing for studentrip.

Techaloo: What was the vision mission of Studentrip? What exactly you wanted to do when you started your business?
Sumit: College is ‘the’ time for travel. Care-free living with friends is at highest epicurean levels. We just wanted college students to enjoy their college as much as we did.And most importantly money should never be the question. We want to cover all of India in the coming years to provide student’s fun trips at most economical rates without compromising on the quality.

Techaloo: What kind of difficulties you had faced while starting/doing business?
Sumit: Two kind of difficulty I Faced most while starting my business:

1. Man Power (Employees) as I could not hire anyone due to financial limitations and had to do maximum work by myself or take help from others.

2. Financial Problems- Starting a firm requires lots of investment which does not have the guarantee of getting recovered in the future.

Techaloo: Have you got any kind of funding?
Sumit: No I didn’t try to get it because at no point of time I did not want to run this firm professionally. Others’ stakes would make it a high profit making firm rather than sticking on idea of making it a budget firm.

Techaloo: What is your user base?
Sumit: User base are the entire college students base who like to travel to different places.

Techaloo: What are your future plans? Or now what is your vision for next five years?
Sumit: In near future I am going to add more places where trips are an absolute must; like rishikesh, manali, etc. In five years I would like to connect this site with different colleges of India and would like this firm to work as great competitor for other trip providing firms or travel agents.

Techaloo: You were studying when this started, how does it feel to be an entrepreneur at this age?
Sumit: Yes, I was in 4th year when I started working on this entrepreneurial venture and I feel that college time is the best time to start any entrepreneurial venture; reasons being – less liability, availability of more resources and high energy. Only element you lack is experience which you learn with Success and failures. The best part is that you get chances of making mistakes in your college time and learn from them which are not always possible after college. As clichéd as it may sound, but life becomes more about what you should do then about what you want to do, after college.

Techaloo: What will be your advice/suggestion for new entrepreneurs for starting new business?
Sumit: For an Entrepreneurship you need three things:

1.Idea and strategy
2.Team
3.Finance

You will get first 2 things in college very easily which should be your priority before starting any start-up. So if you have any concept or Idea, do not just sit with it. You have nothing to lose at this phase of life so start working now; you never know you can end up with giving me a job.

Techaloo: Few words about techaloo.com?
Sumit: I love the concept and working of Techaloo. This firm is doing great work by motivating great ideas/ventures of different entrepreneur.

 
 
 
sumit
Sumit Shekhar
 
 
  
 
 

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One Comment

  1. sruti says:

    great job done by student trips and founder sumit shekhar  for student ..it will be great fun wid this type of trip which only made for student…and offcourse techaloo which base is to recognize the young entrepreneurn 

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