Articles tagged “funding”

GoStops' successful Series A funding is an indicator of investor confidence in the growing popularity of alternative accommodations. As young Indians with focus on budget and unique experiences take over the travel scene in the country, GoStops has the potential to gain, provided it can keep up with rising competition.

This is the first time that IAG has set aside specific funds for startup investment.

The deals are small because the tech is still young, but there’s clearly interest in where it’s headed. 

Mews is among a number of late-stage travel tech startups that have collectively raised billions of dollars in the past couple of years to modernize outdated software systems. 

The ticket experiences sector has been ripe for modernization, and Klook is among those cashing in.

This investment from private equity firm Vitruvian Partners sets Klook up for further expansion in Asia Pacific.

Travel startups have raised about $400 million so far this year. By this time in 2024, travel startups had raised more than twice that.

Tech systems need upgrades to handle unprecedented growth in travel, and private equity firms are deploying billions to take part. In 2025, expect more consolidation as well-funded late-stage startups buy up smaller players, reshaping the industry’s behind-the-scenes infrastructure.

Having become the third-largest domestic aviation market, India is now setting sights on positioning itself as a hub connecting the East to the West. Perhaps this could also boost the lagging international inbound segment.

TravelPerk's $200 million deal likely is a preview of what to expect in 2025. There were multiple large raises in 2024 — including hundreds of millions of dollars for business travel platforms — and the signs point to that continuing.