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Elude raises $2.1M to show spontaneous travelers the best destinations for their budgets

TechCrunch

The Los Angeles-based startup launched its travel discovery mobile app Thursday, a budget-first search engine that shows people how far their money will take them. Not being able to find something on their budget, they came up with the idea for Elude. stars and above. stars and above. The co-founders have now raised $2.1 Simon said.

Travel 245
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SoftBank-backed Oyo files for $1.16 billion IPO

TechCrunch

Oyo is ready to explore the public markets. The eight-year-old Indian budget hotel giant has filed the paperwork (PDF) with the local market regulator for an initial public offering, in which it is seeking to raise about $1.16 Oyo has also streamlined its relationship with hotels in recent quarters.

Hotels 251
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Indian market regulator tightens IPO disclosure norms

TechCrunch

India’s market regulator has tightened disclosure norms for firms looking to file for an initial public offering after lackluster performance of more than half a dozen tech startups in the past year and a half. SoftBank recently internally cut the valuation of budget hotel chain Oyo, once a $10 billion firm, to $2.7 No problem.

Marketing 205
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Indian market regulator puts insurer Digit’s $440 million IPO in ‘abeyance’

TechCrunch

The Indian capital market regulator has moved Digit’s IPO application to “abeyance,” it said in what is a disappointing development for the online insurer’s plan to go public. Indian market regulator puts insurer Digit’s $440 million IPO in ‘abeyance’ by Manish Singh originally published on TechCrunch.

Insurance 203
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From $0 in revenue to a $7.25B valuation: Why TripActions’ $275M raise has fintech to thank

TechCrunch

Prior to the COVID-19 pandemic, TripActions was primarily known for merging many aspects of corporate trip booking — flights, hotels and rental cars — with expense tracking. Just as TripActions continues to disrupt the corporate travel market, TripActions Liquid is set to replace traditional spend management solutions,” he said. “No

Fintech 350
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Metasearch in Hospitality: an Overview of Hotel Search Engines

Altexsoft

In April 2020, the hotel occupancy in the US dropped to its lowest level ever — the bewildering 24.5 The annual average was roughly 44 percent, which means that more than half of hotel rooms were empty during the whole year. The hospitality industry was among those that suffered the most because of the COVID-19 pandemic.

Hotels 119
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Elude secures additional funding as it aims to improve travel booking experience

TechCrunch

Alex Simon, CEO, and Frankie Scerbo, CMO, got the idea for the Los Angeles-based startup three years ago after bonding over a love of spontaneous travel, but not finding enough options within their budget. Elude, a travel discovery mobile app, is a budget-first search engine that shows people how far their money will take them.

Travel 202