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In the summer of 2019, Timilehin Ajiboye became intrigued with the idea of building a travel app after conversations with a circle of friends. And while social media, growing exponentially over the past decade, has changed the way we communicate and connect, it has also changed how we travel. Social media and travel.
is the latest startup to grab some venture capital dollars as the travel industry gets back on its feet amid the global pandemic. million to bring spontaneous travel back to a hard-hit industry and Wanderlog bag $1.5 million for its free travel itinerary platform. million for its free travel itinerary platform.
When travel platform KKday raised the first part of its Series C in September 2020 , the travel landscape was very different. Now, as KKday announces that it’s added $20 million to the round, bringing its total to $95 million, travel trends are changing, with more people going on domestic or international trips.
Evidently, the downturn hasn’t soured investors on the travel industry. Travel booking startup Hopper today announced that it closed a $96 million follow-on investment from Capital One, bringing the company’s total raised to $740 million. Hopper differentiates itself from rival travel services (e.g.
Travel is back on the radar for investment, with consumers and business users both on the move again after a long pandemic period of staying in one place. The startup, fittingly, has done a little traveling of its own. WeTravel had previously raised only $7 million in the eight years since it was founded.
If you’re not familiar with Avito, they specialize in classified ads for the Russian market. In 2020 alone, BlaBlaCar had 50 million passengers across 22 markets overall. In particular, buses represent a huge opportunity in emerging markets and Eastern Europe. Classified giant and global tech investor Naspers acquired Avito.
Travel and tourism are slowly starting to move again in the wake of COVID-19 crashing over the world and sending us to shelter in place. That’s a big shift from a year ago, when travel-related companies were regrouping and trying to figure out how to continue weathering what had turned out to be a very long storm.
The two had been traveling independently with their partners in their camper vans, having embraced the so-called “ van life ” lifestyle. “Just like in the ’90s, if you wanted to book a hotel or travel somewhere, you’d have to call hotels individually. Back in 2017, S?kr’s The rebrand to S?kr
The biggest changes include a new search based on category, the ability to book two listings in one flow for stays over a week, and AirCover for guests, which is basically Airbnb-provided travel insurance. The first is to inspire the world to get back to travel. They work towards two big goals for the company.
Bach, an app for planning bachelorette trips and group travel experiences, has announced $9 million in Series A funding led by Pritzker Group Venture Capital. Launched in 2020, Bach aims to solve the hassle behind coordinating group travel by allowing groups to discover, plan and book trips all in one place.
In yet another example of how competitive the spend management space has become, Brex announced today that it has expanded into travel. In an interview with TechCrunch, co-CEO and co-founder Henrique Dubugras said that users of Brex Empower will now be able to book travel inside the Brex mobile app.
We realized quickly that we needed to meet the needs of our customers to manage not only travel spend, but all employee spend of company money,” Cohen told TechCrunch. “We We knew that employees were dispersed and that, instead of travel, they would now be expensing home office equipment and virtual software.
CEO Aahan Bhojani and Ashmin Varma founded Silkhaus last year after identifying a $13 billion market opportunity for asset owners across emerging markets, particularly MENA, South Asia and Southeast Asia. The pandemic had changed the nature of travel, he said. Businesses had traditionally always stayed in hotels.
The enterprise side of that includes devices like the tablets used in travel, restaurants and warehouses, medical devices, fitness equipment and in-store kiosks. Insight proactively approached the company, and Esper “jumped at the opportunity to partner with them to accelerate our trajectory and predict market growth quicker,” Gopalan said.
For the bulk of the past two years, the pandemic has put the kibosh on corporate travel of nearly any kind. This has dampened investors’ enthusiasm in travel and expense (T&E) startups, predictably, whose expertise lies in creating software for travel and other forms of expensing. Image Credits: Itilite.
This push toward corporate sustainability is creating all kinds of strange bedfellows and startup opportunities, with major corporate offset programs and the establishment of new startups focused on offsets creating channels for sustainable technologies to get to market.
Better.com finally went public The biggest fintech news of the week centered around Better.com’s no good, very bad public market debut. But I’m not sure anyone expected it to be hovering at a share price that gave Better.com a market cap of just $19.14 To sum it up, digital mortgage lender Better.com made its public debut on August 24.
Sure, Essential was entering a mature and oversaturated market, but the Playground-backed startup was doing so with $330 million in funding, a team of top industry executives and some genuinely innovative ideas. Goldstein and Reddit co-founder Steve Huffman, was one of the first travel aggregation platforms on the market.
Which sounds impressive, but given reductions in travel due to COVID-19 mitigation restrictions, the largest contribution that a consumer can make is reducing their meat consumption. The world will be a better place because of what Joro will bring to market.”. We have conviction that Joro can build a great product and a great business.
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. Market Notes. Sitting here now, finally writing a tidbit about each, I am reminded at the sheer breadth of the tech market. Next, Booking Holdings, the company that owns Priceline and other travel properties. Sign up here.
Two years before that, Boampong traveled to Kenya and was fascinated by how unbanked Kenyans sent and received money while paying bills with mobile money, a system of payments pioneered by Safaricom’s M-Pesa, which has close to 30 million customers. African tech took center stage in 2021.
HotelOnline , a Kenya-based Yanolja-backed travel technology scale-up that fashions itself as an e-commerce and digital marketing enabler in the hospitality industry, has acquired HotelPlus, a software provider with clients in 22 countries. SoftBank-backed travel tech startup Yanolja acquires Korean e-commerce company Interpark .
Aero Technologies , which describes itself as a “next-generation air travel company” which currently operates on a limited number of routes in the U.S. They tend to be premium travelers who are solving for the experience. ” Luxury air travel startup Aero raises $20M. In the U.S., In the U.S.,
He soon discovered that the RV market, and specifically the towable travel trailer sector, was much larger than he realized. A three-month, 6,000-mile RV road trip designed to give Parker firsthand experience as well as an understanding of the customer and market provided the final proof points. “The market is huge.”
Young was there on a marketing contract. For seven months, the couple traveled across the U.S. to do market research on travelers and RV owners to form the basis of their company. For seven months, the couple traveled across the U.S. Cavins was a board member. It said: There’s got to be something better than this.
It will be using the funds to continue expanding to new geographies and to bring more consumers and partners to its “super app”; and newer business lines, such as its 15-minute grocery delivery option Bolt Market, will be building out ‘dark stores’ in more cities to expand the service beyond the 10 where its active today.
It also included returning investors CDIB Capital, Darwin Ventures, Accuvest, Sanput Travel Group and CSV Venture Fund, which is jointly managed by NEC Capital Solutions and Venture Labo Investment. During the pandemic, FunNow faced different challenges in each of its markets. He added that COVID has changed consumer habits.
Archer Aviation, the electric vertical takeoff and landing (eVTOL) vehicle startup, has partnered with India’s travel and hospitality conglomerate InterGlobe Enterprises to launch an all-electric air taxi service in the country in 2026. If successful, it would make the South Asian nation its second international market outside the U.S.
The end result is that travelers have far more options today than they used to when choosing where to stay. One San Francisco-based startup has emerged that wants to not only give travelers more options, but make traveling more affordable, and it’s just raised $15 million toward that goal.
TripActions , a corporate travel and expenses company, has raised a combination of equity and debt at a post-money valuation of $9.2 Totaling $304 million, the Series G financing has been in the works since at least May, confirming earlier Bloomberg reports that the travel company was seeking financing at a higher valuation.
“You have thousands of people traveling abroad every year and billions of dollars a year going outside the country to access better healthcare.” This means people often travel long distances for consultations that may last less than a minute. “So we’re really focused on this market on this market for now.”
Only about a third of the yields Indian farmers produce reaches the big markets. The round was led by Quona Capital , a venture firm that focuses on fintech in emerging markets. Our belief is that we should cater to the two-thirds of the market that are currently underserved. Everyone else is missing out.
The bigplayers,such as OTAs [Online Travel Agencies], are advancing in their adoption of new technologies, taking advantage of AI andbig datatools,while other actors are in earlier stages of integration, he says. However, he adds,the maturityvaries in one of the most consolidated verticals at a national level.
“Now Vicente and the rest of the Yummy team will expand into more traditional markets with the necessary experience and support to overcome inevitable challenges that they will face.”. for school and stayed to work in growth marketing at Postmates, Wayfair and Getaround before starting Yummy. Born in Venezuela, Zavarce came to the U.S.
The public transport sector in Kenya is largely traditional and a majority of operators, especially those in road travel, still require their clients to physically book tickets at their offices even when making advance travel plans. It’s been a great validation for us to prove our credibility in the market,” said Kabra.
Another of ShiftMed’s goals, it says, is to reduce reliance on travel nurses, a sector that had a 45% share of the U.S. healthcare staffing market in 2021 and was projected to more than double to $21.6 ShiftMed touts that it can reduce operating costs by between 30% and 40% compared to travel staffing alternatives. “By
The 12-year-old startup, which counts SoftBank Group’s Vision Fund and Tiger Global among its investors, is among a handful of startups that is attempting to upend India’s insurance market , which is largely commanded by state and bank-backed insurers. “India has an under-penetrated insurance market.
Although 2024 was another exceptionally lackluster year for new public offerings, the IPO market could gain momentum in 2025 after its three-year lull. With that in mind, here are 13 companies that the Crunchbase News team thinks could be top contenders to go public if our 2025 market forecast bears out. That made sense. Rowe Price.
The 2020 global freeze on leisure travel put a temporary pause on demand for short term luggage storage. It’s now anticipating a demand boom for its services as travellers jet off again and offices reopen to regular staff. We’re also investing far more in local marketing,” says Candee of this program.
In a market where a single contract can easily run into the millions, homogeneity is the herald of reliability and serves to reassure buyers of the worth of their potential purchase. Individuality often has no place in the enterprise software space. When David met Travis ….
The pair told TechCrunch in an interview that at the time of the launch, they were both traveling for work and didn’t want their homes to sit empty for a long period of time. The first demographic is people who have a space and want to offer it to one of their friends while they’re traveling instead of having it sit empty.
It’s a typical salary structure in markets such as the U.S. but rarely used in markets like Nigeria. “In Africa’s payroll and HR management market has witnessed the emergence of newer companies such as YC-backed Workpay and Bento. In Africa, the innovation that allows people to access credit from their jobs doesn’t happen.
Darren Dunn and Jay Kinghorn experienced this firsthand — Dunn as a sales executive at various travel companies including FarePortal.com and Jay as an associate managing director at Utah’s office of tourism. social media posts and web pages).
The Shinde siblings started the company after selling their last company , Mezi, a travel concierge, to American Express in 2018. Though Zeni is going after startups today, the small and medium markets can be leveraged. Zeni fits with that.”. I believe we have the opportunity to build a large company.
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