Articles tagged “funding”

This week, Nigeria's Plentywaka, India's Oyo, and South Korea's GuideLive announced more than $7 million in funding collectively.

Travel startups raised more than $390 million in funding this week for concepts such as launching a budget airline, enabling influencers to sell trips, and making it easier to book European campsites, Korean hotels, and Saudi short-term rentals.

Travel startup Hopper has raised $175 million in additional investment, underscoring the potential of its financial services products and offering an interesting case study in new appetites in travel for fintech. It seems very much in the cards that the company will go public by, say, 2022.

This week TravelLocal and Trip.me raised funding for using digital tools to make travel agents more efficient, XOKind raised for its travel booking app Una, and MyBeezBox raised to help hospitality companies with online cross-sells.

It's clear that Oyo will try to go public in some fashion. But will investors buy the story — and the shares?

This week, travel startups announced more than $60 million in funding. Concepts included short-term rental stays in the U.S., travel services in Vietnam, and online travel sales in Russian-speaking markets.

Russia has an unpredictable business environment, and many of its households face income pressures. But the country should see a long-term shift from offline to online booking of travel, and that could be a tailwind for Aviasales and its peers.

This week, travel startups announced more than $95 million in funding. Concepts included online travel and transit booking in India, the high-tech packaging of multi-day tours, tools to help agents book travel, and a travel brand for motorcycle owners.

This week, travel startups announced more than $710 million in funding. Concepts included Oyo's branded hospitality network, a Chinese hotel group that aims to appeal to its guests across all five senses, and a rewards app for low carbon travel.

Institutional investors seem to have confidence that Oyo will be able to survive the pandemic and live to fight on.