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SA Travel Fintech TurnStay Secures $300,000 in Funding to Revolutionize African Travel Sector TurnStay, a fintech startup based in South Africa and specializing in the travel sector, has successfully raised $300,000 from investors based in Silicon Valley and New York, specifically DFS Lab and DCG. This new capital injection is set to fuel the company’s expansion across Africa and build upon its early successes. Founded by seasoned entrepreneurs Alon Stern, co-founder of Slide Financial, and James Hedley, co-founder of Quicket, TurnStay is dedicated to significantly lowering the payment processing costs for African merchants and platforms within the travel and tourism industry. Read more👇 #Turnstay #southafrica #traveltech #fintech #payments James Hedley Alon Stern

Airbnb is directing investments towards India to leverage the surge in both international and domestic tourism In India, nights booked grew by almost 30% YoY (Year-on-Year) in 2023 compared to 2022 Currently, 90% of Airbnb's first-time bookings are made by Gen Z travellers #startupnews #indianstartupnews #fundingalert #Acquisitionalerts #funding #startupsucess #startupbusiness #startupchallenge #startup

Capturing the Future: A Journey with Capture a Trip Once upon a time in India, not everyone could afford to travel. Going to amazing places seemed like a luxury. But times were changing, and I, as the founder of "Capture a Trip," wanted to make travel dreams come true for everyone. In 2016, we began our journey to change the travel game. We believed that "travel is the new luxury." India was a place of incredible beauty and diversity, and we knew that more people should experience it. However, money was often the problem. We noticed something interesting: Many people in India were using EMIs to buy expensive things like iPhones. In fact, 70% of iPhones in the country were bought this way. We thought, "Why not make travel affordable with EMIs too?" That's when startups like Scapia stepped in. They offered EMI options for travel packages. This was a game-changer. People loved the idea of paying for their dream vacations over time. We joined the movement and embraced EMI options. Thank you Anand Kandadai for all the support. The result? Our sales shot up! More and more people booked their dream trips with "Capture a Trip." Travel was no longer just for the rich; it was for everyone. Our travel community grew, and stories of adventures poured in. As the founder, I felt proud of what we'd achieved. We weren't just selling vacations; we were selling dreams. We made travel affordable and accessible to all. Looking ahead, I'm sure EMI options in travel will continue to grow. In the future, 70% of travel packages might be bought this way. The travel world is changing, and "Capture a Trip" is leading the way. Our story is about making travel dreams come true. Capture a Trip is showing that travel can be for everyone. We're capturing the future, one trip at a time. Travel is the new luxury, and with Capture a Trip the sky's the limit. #travel #startup #startupindia #entrepreneur

Nasdaq-listed Indian traveltech major MakeMyTrip posted a net profit of $171.9 Mn in the March quarter (Q4) of the financial year 2023-24 (FY24) as against a profit of $5.4 Mn reported in the corresponding period of the last fiscal year. Excluding these one-time gains, MakeMyTrip’s net profit for the quarter was about $15.2 Mn. This was a decline from $24.2 Mn profit it posted in Q3 FY24. Commenting on the financials, Rajesh Magow, group CEO at MakeMyTrip, said, “Indians are embracing the call to travel with a newfound enthusiasm with both leisure and business-related travel demand in India having crossed pre-pandemic levels.” However, the net profit for the quarter included a one-time credit of $126.1 Mn on recognition of deferred tax assets and a one-time gain of $30.6 Mn due to the change in carrying value of the company’s convertible notes due 2028, measured at amortised cost, MakeMyTrip said. 🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥 . . #MakeMyTrip #TravelTech #Nasdaq #FinancialResults #Q4FY24 #NetProfit #Revenue #RajeshMagow #BusinessTravel #LeisureTravel #OneTimeGains #DeferredTaxAssets #ConvertibleNotes #StartupNews #StartupTrak

Discover what EasMyTrip is and how this startup is boldly addressing the issue over Maldives. Find out more now! #startups #technology #business

My Real Trip, the Travel Super App, Raises $56 Million from Global & Domestic Investors My Real Trip Co., Ltd., the operator of the prominent Korean travel super app, has successfully raised a substantial 75.6 billion won ($56 million) in investments from domestic and international firms, marking a significant milestone for the South Korean travel tech company. The funding round saw participation from notable global investment entities, including BRV Capital […] The post My Real Trip, the Travel Super App, Raises $56 Million from Global & Domestic Investors first appeared on KoreaTechDesk | Korean Startup and Technology News . The post My Real Trip, the Travel Super App, Raises $56 Million from Global & Domestic Investors appeared first on KoreaTechDesk | Korean Startup and Technology News . #koreatech #Tech #koreastartup #KoreaTechnews #Koreastartupnews

💵 Travel Tech Startup Funding Roundup: 3 startups in the travel industry raised more than $316 million in recent funding. 👉 Ramp: A platform that helps companies manage various expenses, including travel, has now raised $1.7 billion since its founding in 2019. 👉 FlyAkeed: A corporate travel platform based in Saudi Arabia that facilitates employee travel bookings in line with company policies. 👉 Goodwings: A Denmark-based corporate travel management platform focused on sustainability, which provides tools to measure and reduce travel-related carbon footprints. More details in the full article: https://hubs.li/Q020lZ9-0

Why do very few travel planning startups succeed? Only 1% of total travel startup funding goes to pre-trip companies. Lack of investor interest is one problem. But what makes them uninterested in the first place? I watched a YouTube video to learn more. My key takeaway: trip planning is an extremely difficult market. Trip planning has the highest fail rate of all travel startup categories. Here are the main issues: • Most leisure travelers travel only once or twice a year. • Everyone plans their trips differently. • Dynamic travel content (such as flights) is expensive and difficult to do correctly. • There are simple and complicated trips. A weekend in Nashville is very different from a month in Bangladesh. • Travel marketing is expensive. • Hard to monetize by getting bookings and customers to pay for your product. • Competition from large players like Expedia and TripAdvisor. I understand many of these issues. After all, everyone has different tastes in travel destinations, what to do when there, and even which airline or hotel to use. Trying to compete against large, established companies is also challenging. Especially since firms like Google are introducing travel planning. The only way to stand out is by targeting an extremely niche market and using AI. Have you ever thought about launching a travel planning startup? #startup #traveltech #startupfunding #tripplanning

The Italian travel startup WeRoad just closed a $18 millions series B! #Weroad, the leading Italian scale-up in adventure travel, has successfully closed a Series B funding round, raising an impressive €18 million. The investment was led by the family office H14, with participation from private investors, including the Grassi family (from the E80 Group) and the Rovati family (Rottapharm), alongside existing supporters. This brings Weroad's total funding to €36 million. Weroad has solidified its position in the adventure travel segment with one of the fastest growth rates, expanding successfully across major European countries, including Spain, the United Kingdom, France, and Germany, and it's expanding his current team of 150 people. The global adventure travel market, valued at approximately €750 billion annually, is expected to continue its double-digit growth. The newly raised capital will be utilized to further expand into European markets and develop a marketplace model for travel producers, coordinators, and local service providers, such as DMCs. Leveraging the community-driven model, Weroad's evolution includes extending services beyond the travel experience, offering events, meetings, and experiences that can be managed and booked through a future app. Andrea D’Amico, CEO of Weroad, expressed gratitude, stating, "This round, doubling the total value of investments received to date, is strong support from both new and existing investors in Weroad's journey. In just 5 years, despite a global pandemic, we've conquered the group travel market for millennials, doubling our revenue in the last 12 months." Riccardo Porcelli, Head of Digital Investments at H14, emphasized the resilience of the travel sector and Weroad's ability to build a strong and passionate community. Porcelli stated, "We are excited to support the company and the team in the next phase of growth." The news on Dealflower in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/7slO9  - Substack: https://lnkd.in/dzfGJzmW

#Fundingnews and #Congrats to travel tech firm InterLnkd for securing £1m in funding for next-generation travel tech InterLnkd is a travel tech startup that helps travel agents increase their revenue and improve the customer experience. The company plans to use the investment to grow its service and tech teams and develop new features. #hiring #traveltech #travelagents #startup #funding #growth https://lnkd.in/e_nDxuz7