“Travelling’’ implies connecting people from different countries, diverse regions and varied landforms. Considering the fringe benefits of travelling and tourism, Indian entrepreneurs are devising innovative startup ideas in the travel space. The old guard in the travel fraternity is steadily sweeping up the startup ecosystem and new entrants are coming in to assist travel startups. Pre-seed investments have increased and more and more organizations are catering to travel tech startups.
The travel startup sector in India looks promising with several startups like OYO Rooms, ZO Rooms and Ixigo serving as a marketplace for hotels, activities, air fares, cabs, train tickets and getting the support from Sequoia Capital, Amadeus and SAIF partners. Opportunities galore in the Travel startup space with companies pushing new capital into the ecosystem by launching a new incubator, accelerator or a venture fund. However, there are many challenges. The corporate innovation strategies are exacting and require sufficient time for development. In the current scenario, it is easier to get funded in earlier rounds than subsequent rounds primarily because scaling becomes a major challenge in later stages.
So, what is in vogue in the travel startup scene? Are internet and smartphone penetration prompting startups to plunge into the sector? What are the prominent business models in this sector? How’s the funding scene in this sector ?
Be a part of the September edition of StartupSaturday to find out the answers and much more!!
If you want to:
Demo your product, apply here: http://bit.ly/hs_demo
Showcase your startup or product in our "Experience Zone", register here: http://bit.ly/experiencezone
Get mentorship, apply here: bit.ly/hsmentor
Red Bull Basement University in association with Headstart invites student innovators who want to use their skills and knowledge in technology to solve problems at and around their respective campus. Submit your idea and win a chance to go to Berlin.
Apply here: www.redbullbasement.com/university
Vikalp Sahni
Speaker
CTO at Goibibo.com
LinkedinWorked on Next gen Crawl & Search Technologies. Working on Travel Platforms. Specialties: Python, Search Technologies, Django, SOLR, Scalability