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6 Journey Startups From 2015: The place Are They Now?

Skift Take

A number of the firms Skift featured in its first journey startup funding roundup went on to thrive, whereas others… not a lot.

Rashaad Jorden

Skift has printed a whole bunch of tales on funding for journey startups since our launch in 2012, that includes Airbnb and excursions and actions supplier GetYourGuide amongst different firms in a few of these early articles. We took our protection even additional three years later with a weekly roundup of startups that had acquired or introduced funding from buyers.

Since it has been near eight years after that first startup funding roundup, it is time to ask, what occurred to the six firms Skift featured on Feb. 19, 2015? So we’re looking on the trajectory of these startups after that article. We have listed the six firms we featured within the order of how a lot cash they raised the week of that funding roundup.

stayzilla

Stayzilla, a Chennai, India-based startup for reserving homestays and funds inns that was based in 2007, introduced that week it had raised $20 million in a Sequence B spherical. It additionally raised one other $14 million after its launch. However regardless of its success in elevating funds, the corporate ceased operations in February 2017, with CEO and co-founder Yogendra Vasupal asserting that the corporate had suspended bookings on its web site and cell app, revealing the corporate was unable to increase and break even. Stayzilla reported losses of $14 million towards income of $2 million for the fiscal yr ending in March 2016.

Vasupal’s vows to reboot Stayzilla below a special enterprise mannequin by no means received off the group as he despatched to jail in 2017 after defaulting on funds over $260,000.

PriceMatch

PriceMatch, a Paris-based lodge income administration startup, raised $9.1 million in a Sequence A spherical from Partech Ventures and Northzone. PriceMatch was acquired by the Priceline Group in 2015, which ultimately folded PriceMatch into its BookingSuite set of software program companies for hoteliers. PriceMatch was renamed RateManager, which the Priceline Group made out there to inns worldwide. RateManager was shut down in spring of 2018.

BookingPal

BookingPal CEO and founder Alex Aydin mentioned the holiday rental distributor used nearly all of the $5 million it raised in a Sequence B spherical to put money into know-how. He acknowledged the corporate, which launched in 2014, used just one property administration system on the outset, which it used to attach a single property supervisor with one on-line journey company.

Aydin mentioned BookingPal now makes use of greater than 80 completely different PMS suppliers, which he added he has helped the corporate distribute over 180.00 trip leases to 55 on-line journey companies. BookingPal additionally raised $12 million in 2019, funding that Aydin mentioned enabled it to increase past its preliminary markets of California, Florida and Hawaii to 48 states in addition to 33 worldwide markets, citing Mexico, France, and Italy amongst its largest. He added the corporate has equipped properties to firms resembling Airbnb, Marriott’s Properties and Villas and VRBO.

Nevertheless, Aydin admitted BookingPal’s hasn’t had sufficient sources to launch a property proprietor platform when requested what’s been the corporate’s largest setback since its launch.

TripTease

Triptease, a London-based startup that goals to assist inns enhance their share of direct bookings, raised $2 million in a seed spherical. The corporate additionally raised $9 million in Sequence B funding in 2017, a few of which used it to double worker numbers at its London and New York places of work. Triptease, which works with greater than 12,000 inns, has gone on to open places of work in Singapore and Barcelona.

iTraveller

iTraveller, an India-based startup that enabled vacationers to pick vacation packages or customise one in every of their very own, had raised $1 million in a Sequence A spherical from ah! Ventures, LetsVenture and Mantra Ventures. It was acquired by the Lastminute.com Group in 2019 as half because the Switzerland-based firm’s plans to make inroads within the Indian market.

Nevertheless, iTraveller has gone out of enterprise, with its final reserving coming in February 2020.

“So whereas iTraveller as a model as was, is not working, we did handle to redeploy members of its tech group into our group, they usually proceed to spice up our customer support expertise in India,” a spokesperson from the lastminute.com group mentioned.

Flytographer

Flytographer, a journey images service that connects vacationers to photographers, raised $650,000 from 9 angel buyers. The corporate, which launched in 2013 in Victoria, British Columbia, used the funds from that 2015 angel spherical to rent its first workers, together with a developer to construct its preliminary reserving platform.

Founder and CEO Nicole Smith mentioned Flytographer now operates in 350 cities and has expanded past trip images to supply photographs of shock marriage ceremony proposals and hometowns. Smith acknowledged that Flytographer laid off 80 good of workers working in its headquarters early within the pandemic although.

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