travel startup companies

30 Top Travel Startups to Watch in 2024

• Top Startups to Watch

Last Updated: May 10, 2024 By TRUiC Team

The travel industry was hard hit by the pandemic, with travel startups facing sharp declines in demand at pivotal stages of their business. The companies that are thriving today are those that have quickly adapted to meet the ever-evolving needs of travelers.

From work retreats to staycations, innovation is the name of the game. These top travel startups are promoting tourism by making it more convenient, more eco-friendly, and simply more fun. There are plenty of opportunities for any entrepreneur, particularly as the public gets their second wind to get back out there and start exploring.

Recommended: Learn how to launch your own company by reading our comprehensive guide on how to start a startup .

Best Travel Startups to Follow

Every year, new startups pull to the forefront of their industry through exciting innovation and industry-disrupting business models. We’ve rounded up the top travel startups of 2024 that startup lovers, investors, and aspiring entrepreneurs should follow.

Disclaimer: With so many exciting travel companies launching and growing worldwide, we aren’t able to cover them all. Furthermore, the startups that are listed below are not officially ranked and are listed in no particular order.

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• Location: San Francisco, California
• Founder(s): Francis Davidson, Lucas Pellan, Martin Picard
• Founded In: 2014
• Funding: Post IPO-Equity, $839.6 Million
• Investors Include: Principal Global Investors, BlackRock, Moore Capital

Sonder taps into a growing demand for unique places to stay. The company has a number of luxury properties in popular destinations around the world. What makes the company even more special is that the staff has adapted services based on how people travel today. Travelers can check-in, request towels, and get recommendations on what to do — all from their phones.

2. TravelPerk

• Location: Barcelona, Spain
• Founder(s): Avi Meir, Javier Suarez, and Ron Levin
• Founded In: 2015
• Funding: Series D, $530.3 Million
• Investors Include:  SoftBank Vision Fund, Greyhound Capital, General Catalyst

TravelPerk is a travel platform that helps business travelers manage their travel and expenses as well as book business trips with ease. The platform suits businesses of all sizes and streamlines the process of finding, booking, and planning business travel.

• Location: Singapore
• Founder(s): Ahmet Bahadir Ozdemir
• Founded In: 2019
• Funding: Series A, $67.3 Million
• Investors Include: Plug and Play , GO Ventures, Rakuten Capital

Airalo is providing a more flexible phone alternative no matter what country you’re in. Their eSIM store is the first of its kind, offering affordable, local rates for eSIM compatible phones, tablets, or PC computers. Customers never have to worry about carrying several SIM cards, changing their phone number, or losing communication capabilities with Airalo eSIM cards.

4. Tripsider

• Founder(s): Olga Bortnikova, Ivan Bortnikov
• Founded In: 2018
• Funding: Seed, $1 Million
• Investors Include:  Liqvest, Mission Gate, Starta

Next on our list of top travel startups is Tripsider , an app that matches people with the right trip based on everything from their interests to their budget. The company compares the algorithm to that of a dating app, taking into account values, past experiences, and goals to match people with a travel expert via text or phone call. Experts have resources to help travelers officially confirm their bookings, removing one more thing for vacationers to worry about.

5. BabyQuip

• Location: Santa Fe, New Mexico
• Founder(s): Fran Maier
• Founded In: 2016
• Funding: Seed, $10.7 Million
• Investors Include: Moai Capital, How Women Invest, SBI Investment

BabyQuip is a travel startup with a new take on the gig economy – providing a platform for baby gear rentals for traveling families. BabyQuip delivers all the necessary gear to wherever a family needs it – the airport, a hotel, or even the grandparents’ house. The company will tailor the equipment to each client’s needs, whether it’s a full-size crib, car seat, stroller, or anything else.

6. The Hotels Network

• Founder(s): Juanjo Rodriguez, Laura Martinez Celada, Marc Rollan Serrano
• Funding: Series B, $15.2 million
• Investors Include: Seaya Ventures, Elaia, 4Founders Capital, NFX

The Hotels Network is a platform that serves as a method of growth for hotels using technology to attract and convert online visitors to paying customers by creating a unique, personalized, and predictive user experience. Hotels can use the platform to compare reviews, pricing, analytics in order to create more impactful marketing campaigns.

• Location: London, United Kingdom
• Founder(s): Steve Domin, Tom Bates, Vincent Pastor
• Founded In: 2017
• Funding: Series B, $56.2 Million
• Investors Include: Index Ventures , Benchmark , Kima Ventures, Blossom Capital, et al.

Duffel is an online platform for travelers to find, book, and manage flights from a myriad of airlines. Working in tandem with airlines to provide a better customer experience, Duffel provides travelers with real-time pricing and availability to make booking a trip easier than ever.

• Location: Madrid, Spain
• Founder(s): Dennis Vilovic, Leonard Cremer
• Funding:  Series B, $11 Million
• Investors Include:  All Iron Ventures, Durable Capital Partners, Madrona Venture Group

Troop is a travel technology company that utilizes data to help corporations plan in-person meetings. Leveraging the power of science and technology, Troop makes planning in-person meetings for their Fortune 500 companies sustainable, safe, and secure.

9. roadsurfer

• Location: Munich, Germany
• Founder(s): Christoph Niemann, Markus Dickhardt, Susanne Dickhardt
• Funding: Series Unknown, $28.9 Million
• Investors Include : Lawrence Leuschner, Heartcore Capital, 10x Group, et al.

roadsurfer rents RV campers to outdoor lovers in Europe and America. The company stands for freedom and offers a number of perks to its customers, including unlimited mileage, a free second driver, road assistance, and flexible rebooking options. For anyone who dreams of getting away from it all and experiencing van life for a few months, this company is connecting people to the vehicles they need to hit the road.

10. Pickyourtrail

• Location: Chennai, India
• Founder(s): Hari Ganapathy, Srinath Shankar
• Funding: Venture, $3 Million
• Investors Include: Kumar Vembu, Vinay Ahuja, Girish Mathrubootham, Kunal Shah

Pickyourtrail is India’s largest online holiday booking platform for DIY travelers. People come here to customize their vacations by building unique itineraries from the ground up. The platform takes into account people’s interests, timelines, and budgets before crafting travel that will mesh with the individual’s tastes. The company also works with a number of tourism boards in popular locations, such as Iceland, Japan, and New Zealand, to create more streamlined experiences for all customers.

• Founder(s): Johannes Siebers, Michael Siebers, Rasmus Porsgaard
• Funding: Series E, $199.8 Million
• Investors Include: Venture Stars, Prime Ventures, EQT Ventures, et al.

Holidu is a website where vacationers can book accommodations at the lowest price. It was started by the founders after trying to find a place to stay in Portugal, only to find that many of the same properties were listed on different sites at different prices. Their platform makes it possible to search and book rental properties without having to worry if there was a better deal out there.

12. Whimstay

• Founder(s): Alexander Alioto, Ben Jamshahi, Kamesh Jasani, Noel Russell
• Funding: Seed, $10 Million
• Investors Include:  Talent Resource Ventures 

Whimstay is designed for last-minute travelers who want great deals. The app and website helps property owners and hosts match their unsold nights with travelers, so everyone can benefit from the search engine. The company is built on the premise that many of our favorite travel moments are entirely unplanned, and the platform boasts up to 60% savings off the original costs of rental properties.

13. Scenset

• Location: Amsterdam, Netherlands
• Founder(s): Eli Bressert, Tamar van de Paal
• Funding: Seed, $5 Million
• Investors Include:  Cavalry Ventures, Project A Ventures

Next on our list of the best travel companies is Scenset . Most people take just under 3 weeks to book a trip, and while some people may love piecing it all together, most just want to just get it over with. Scenset personalizes your vacations with end-to-end planning with the help of travel curators. The team is there so travelers don’t have to skip from site to site, and these experts often deliver experiences that travelers would never have without their interference.

14. Boom Supersonic

• Location: Englewood, Colorado
• Founder(s): Blake Scholl, Joe Wilding, Joshua Krall
• Funding:  Series Unknown, $700 Million
• Investors Include:  Momentum Ventures, Prime Movers Lab, Caruso Ventures

Boom Supersonic is attempting to cut down on travel time by as much as half with supersonic jets. Travelers have the option of going from Tokyo to Seattle in as little as 4.5 hours (compared to 8.5 hours in a standard passenger plane). The company offers more than 500 transoceanic routes, allowing more people to test their boundaries and explore the world.

• Location:  Paris, France
• Founder(s): Aziza Chaouachi, Mario Moinet, Yassine Ben Romdhane
• Funding: Convertible Note, $22 Million
• Investors Include: Prime Ventures

Leavy allows people to live anywhere they’d like, if only for 24 hours or less. Though it was founded before the pandemic, the company is tapping into the idea of travel and affordability. The platform pairs customers with people willing to share their homes and pays cash to anyone who will open the door. While accommodation amenities vary, the barebones feature of Leavy is opening the door to people who might not have been able to afford travel otherwise.

• Location: Bucharest, Romania
• Founder(s): Alexandru Govoreanu
• Funding: Seed, $1.8 Million
• Investors Include: Early Game Ventures, Sparking Capital

Questo is a gaming app for travelers designed to help them explore cities and towns in an unusual way. So if an individual in London wanted to hunt down Jack the Ripper, they’re whisked away on an exciting quest, gathering clues in real time while learning about history at the same time. Games range depending on destination, so you can uncover the Midici conspiracy in Florence or discover the ghosts of Glasgow.

• Location: Berlin, Germany
• Founder(s): Naren Shaam
• Founded In: 2013
• Funding: Series E, $476 Million
• Investors Include: Lazard Asset Management, Stack Capital, Goldman Sachs Asset Management, et al.

Omio is a transportation app that gives travelers an easy way to travel long distances. It’s not designed for getting around a city but rather suggests nearby airports and train routes that would make it possible to cover serious ground at the drop of a hat. It helps travelers visualize the best routes to take based on everything from speed to price. Travelers can also access tickets on their phones for trains and planes, adding an extra layer of convenience.

18. Surf Air Mobility

• Location: Hawthorne, California
• Founder(s): Cory Cozzens, David Eyerly, Liam Fayed, Reed Farnsworth, Scott Craig Porter, Sudhin Shahani, Wade Eyerly
• Founded In: 2012
• Funding: Debt Financing, $563.7 Million
• Investors Include: IVP, Troy Capital, Sway Ventures, et al.

Surf Air Mobility is an environmentally friendly company that’s introducing the world to zero-emission flying with the help of electric vehicles. With more than 910 million tons of carbon on the line, the company is starting with existing aircraft. The staff replaces the standard engine with an electric version as a means to decarbonize the travel industry.

19. SafetyWing

• Location: Silicon Valley (Palo Alto, California)
• Founder(s): Hans Nyvold Kjellby, Lona Alia, Sarah Beyahte Sandnes, Sondre Rasch
• Funding: Series B, $47.1 Million
• Investors Include: Creandum, Alma Mundi Ventures, Kinnevik, et al. 

SafetyWing describes its products as insurance for nomads, by nomads. The company makes it possible for people outside their home country to get the medical help they need, including treatments needed for COVID-19, should they become ill or injured while abroad. People can even purchase insurance while they’re in a foreign country.

20. Wanderlog

• Founder(s): Harry Yu, Peter Xu
• Funding: Seed, $1.7 Million
• Investors Include: Y Combinator , Abstract Ventures, General Catalyst

Wanderlog is a free travel app that makes it possible for travelers to build and map their vacations. Designed for trips of all kinds, including the open road, it’s a way for people to keep all of their details organized so they know where they are, what they’re doing, and where they’re going at all times. Drive times, reviews, and reservations can all be tracked in one handy place, making it less likely that something will go wrong along the way.

• Founder(s): Oskar Bruening, Ruzwana Bashir
• Funding: Series C, $119.9 Million
• Investors Include : Eric Schmidt, 12 BF Global Ventures, Cathay Innovation, et al.

Peek helps tourism businesses book more people by offering handy software to take payments, market their services, and manage reviews. So far, the company has powered more than $1 billion in experiences (e.g., paddleboards, pottery classes, rafting, etc.). Their customers love the easy-to-use platform that makes it possible to both generate and track business.

• Location: New York, New York
• Founder(s): Anthony Menna, Greg Ramey, Mike Petrakis
• Funding:  Series A, $17 Million
• Investors Include:  Pritzker Group Venture Capital, Corazon Capital, Alumni Ventures

Batch  is designed specifically for bachelor or bachelorette parties. It helps the core planner track the details of the trip, so everyone can have a smooth experience. Trying to coordinate anything on a group trip like this can be an exercise in futility, but the app accounts for any number of scenarios, making it possible for people to have more fun before, during, and after the trip.

23. Sēkr

• Location: San Diego, California
• Founder(s): Breanne Acio, Jessica Shisler
• Founded In: 2020
• Funding: Seed, $3.1 million
• Investors Include: Crescent Ridge Partners Ventures, Storyteller Overland, Backstage Capital, et al

Sēkr is a mobile platform for outdoor lovers, making it easier, safer, and more communal to plan a trip and dig into the Great Outdoors. The company has more than 50,000 campsites included in its platform, making it the nation’s largest database of free campsites and local events. People can use it to learn more about what they can really expect at each site, and to connect to virtual friends with similar interests.

24. Point.me

• Founder(s): Adam Morvitz, Tiffany Funk
• Funding: Series A, $12 Million
• Investors Include:  Thayer Ventures, RiverPark Ventures, Plug and Play

Next up on our list of top travel startups is Point.me . With so many different types of airline miles and points out there, it can be difficult for travelers to keep track of all their rewards. As a result, they often end up losing out on their benefits, or cashing them in for a fraction of what they’re worth. Point.me scours the internet to find the absolute best deals for travelers who want to get the most from each and every point.

25. AvantStay

• Location:  Los Angeles, California
• Founder(s): Reuben Doetsch, Sean Breuner
• Funding: Private Equity, $686 Million
• Investors Include: Saluda Grade, Bullpen Capital, Capital One Ventures

AvantStay is a booking platform with unique properties that can be used for personal or commercial use alike. These are luxury rentals that feature unique amenities, including stunning interior design for groups. Excellent for family and company retreats or just a fun weekend trip between friends, AvantStay makes it possible for travelers to hammer down accommodation details and organize additional excursions as well (e.g., spa treatments, wine tastings, etc.).

26. Spotnana

• Founder(s): Sarosh Waghmar, Shikhar Agarwal
• Funding: Series B, $116 Million
• Investors Include:  ICONIQ Growth, Durable Capital Partners, Blank Ventures

Spotnana designs software to connect partners, suppliers, and providers, all in service of improving the booking experience for travelers. The idea is to unbundle travel, making it possible for travelers in the future to get anything they need without the hassle. The core values are freedom and trust, reintroducing choice to the traveler so they feel comfortable making any and all of their arrangements online.

27. Life House

• Founder(s): Rami Zeidan, Yury Yakubchyk
• Funding: Series C, $230 Million
• Investors Include: Tiger Global Management, Sound Ventures, Global Founders Capital

Life House is a vertically integrated operating system built for boutique hotels. It specifically supports three functions: hotel technology for operators, hotel management for owners, and hotel branding and positioning. With Life House's powerful software, boutique hotels gain a suite of tools that can help streamline processes and increase their profitability.

28. Kindred

• Founder(s): Tasneem Amina, Justine Palefsky
• Founded In: 2021
• Funding: Series A, $22.8 Million
• Investors Include: Andreessen Horowitz, New Enterprise Associates, Bessemer Venture Partners

Kindred is a home-swap platform that connects travelers with other members to trade spaces or travel with credits they can earn by using the platform. With Kindred, hosts receive complimentary hosting essentials like towels, sheets, and lockboxes as well as free professional cleaning before and after guest stays. 

29. Hotelverse

• Location: Mallorca, Spain
• Founder(s): Rafael Bover, Fermin Carmona
• Funding: Seed, $3.92 Million
• Investors Include: Sabadell Venture Capital, Plug and Play

Hotelverse leverages technology to create an innovative booking experience for travelers. On the platform, users can explore hotel facilities, customize their room, do a flyover of their hotel, and book a room — all virtually using a realistic, 3D model. 

• Location: Vancouver, Canada  
• Founder(s): Connor J. Wilson 
• Founded In: 2020 
• Funding: Angel Investment, CA$1.1 Million

Pilot is a travel planning platform powered by artificial intelligence (AI). Using its free app, travelers can plan and collaborate with friends on trips by creating itineraries, planning routes, importing travel documents, and obtaining travel visas — all on one platform. Plus, the app works both online and offline thereby ensuring travelers can access important travel information at any time. 

Recommended:  Check out our full list of the  top startups to watch in 2024 !

What are travel startups?

Travel startups today are largely companies that lean on innovation to get noticed in a saturated landscape. Because we’re more reliant than ever on our devices, many of the companies on this list have tech that will drive tourism across the globe.

Whether by reducing carbon emissions, offering health insurance by phone, or making it easier to split costs, travel startups are tackling the small and big issues that stop travelers from fully committing to a trip.

What does the future of the travel industry look like?

The future of the tourism industry will be controlled by everything from global emissions to public health. However, based on the most popular startups today, one of the major trends is based on how people book their travel and how the details are managed. Travel is likely to become more customizable, more affordable, and less damaging to the environment.

What are some travel startup ideas?

Travel startup ideas are often born from personal experiences that people have with their own bookings. So maybe you have a difficult time scheduling a trip on a regular weekend. This leads to an idea that helps vacationers travel without having to take vacation time from work.

Or maybe you take your inspiration from global headlines. If gas prices rise drastically in your area, you can start an app that helps people take a staycation they’ll never forget.

How do you start a travel startup?

Beginning a travel startup will mean sketching out a business model with details about how you’ll monetize your idea and how much capital you’ll need to get started. You’ll need to know what kind of staff you’ll need, how much you can pay them, and what kind of collaboration will be needed to hit your milestones. From there, you’ll likely need to approach investors and secure funding.

About the Author

The TRUiC Team

TRUiC’s team of researchers, writers, and editors dedicate hours to ensure startupsavant.com’s articles are actionable and accessible for both startup founders and startup enthusiasts. From launching a startup to growing your venture, you can trust that our information is an up-to-date and reliable source.

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The travel industry was one of the hardest hit industries during the pandemic.

In 2023, global tourism recovered, jumping back to  84% of pre-pandemic levels . However, the industry as a whole isn't expected to recover until 2027 .

Despite that, some travel startups are still growing exponentially.

Check out this list of companies that are looking to revitalize the travel industry in 2024 and beyond.

1. TravelPerk

5-year search growth : 270%

Search growth status : Exploding

Year founded : 2015

Location : Barcelona, Spain

Funding : $530.3M (Series Unknown)

What they do : TravelPerk is a travel management platform designed to simplify business travel. It offers a centralized platform for booking, managing, and analyzing business travel, with features such as real-time booking, expense management, and travel policy enforcement. The company aims to reduce the time and cost associated with business travel while providing a seamless and enjoyable experience for travelers.

2. SafetyWing

5-year search growth : 1,550%

Year founded : 2017

Location : Palo Alto, California

Funding : $47.1M (Series B)

What they do : SafetyWing is an insurtech company that focuses on digital nomads. Their flagship "Nomad Insurance" is accepted across several different countries (ideal for travel). SafetyWing also offers a B2B "Remote Health" product that provides coverage for remote teams.

5-year search growth : 99x+

Year founded : 2019

Location : Singapore, Singapore

Funding : $67.3M (Series B)

What they do : Airalo is an alternative to using multiple SIM cards while traveling. Specifically, the company offers over 190 affordable "eSIMs" that can be switched over with a few clicks. eSIMs aren't supported by all smartphones. But are becoming an increasingly-common feature in newer models. The SIM company recently raised $60 million in their most recent series B funding found.

4. Roadsurfer

5-year search growth : 1,360%

Location : Bayern, Germany

Funding : $33.9M (Series Unknown)

What they do : Roadsurfer rents out customized camper vans in 13 countries in Europe. Besides the core rental service, the startup also offers a number of optional add-ons for each trip, like kitchen cutlery. Each plan also includes an insurance policy.

5. YouLi (YouLive to Travel)

5-year search growth : 41%

Search growth status : Peaked

Year founded : 2016

Location : Melbourne, Australia

Funding : $200K (Angel)

What they do : YouLi is an all-in-one travel management software for organizing group trips and company retreats. The software includes a number templates for different types of travel itineraries. The software also has a member's area that travelers can use to manage and pay for their trips.

6. PickYourTrail

5-year search growth : 188%

Search growth status : Regular

Year founded : 2014

Location : Chennai, India

Funding : $3M (Series Unknown)

What they do : PickYourTrail is a platform for booking entire trips online (including flight, road transportation and lodging). The startup reports that 46,000 people have used the service to date.

5-year search growth : 400%

Location : New York, NY

Funding : Undisclosed

What they do : Tracki is a travel tech startup that provides real-time GPS tracking solutions for individuals, families, and businesses. Their products range from portable GPS trackers to asset trackers and pet trackers, which can be easily monitored through their mobile app or web platform.

8. Very Local Trip

5-year search growth : 475%

What they do : Very Local Trip connects travelers with local tour guides. In other words, the startup is a focused version of Airbnb's "Experiences" feature.

5-year search growth : 4,900%

Year founded : 2018

Location : Madrid, Spain

Funding : $200.6K (Seed)

What they do : Holafly is an eSIM startup that offers international data plans for travelers. The company partners with local providers in different countries and offers unlimited data plans for a fixed time period. Currently, the startup operates in 160+ countries with 1 million customers worldwide. 

5-year search growth : 21%

Location : New York, New York

Funding : $181M (Series D)

What they do : Away is a DTC travel brand. Often called the “Warby Parker for suitcases,” the company keeps overhead costs low by selling direct-to-consumer. Away's product line includes sleep masks, travel pillows and compression socks.

5-year search growth : 231%

Location : Denver, Colorado

What they do : GOTRAX is an electric scooter company that provides affordable and eco-friendly transportation solutions for urban dwellers. With a range of electric scooters for adults and kids, GOTRAX offers a convenient and cost-effective way to navigate through busy city streets.

12. Lodgify

Year founded : 2012

Funding : $36.6M (Series B)

What they do : Lodgify develops software that help property owners manage their vacation rental properties. The all-in-one website includes features to manage bookings, accept reservations, and synchronize across different platforms, including Airbnb, Vrbo, and Expedia.

13. Bobobox

5-year search growth : 325%

Location : Badung, Indonesia

Funding : $13M (Series A)

What they do : Bobobox is a technology-based hospitality startup that provides affordable and accessible capsule hotels for travelers in Indonesia. The company utilizes an app-based platform that allows customers to book and manage their stays, as well as access various hotel amenities and services. Bobobox aims to revolutionize the hospitality industry in Indonesia by offering affordable and convenient lodging options that cater to the needs of modern travelers.

5-year search growth : 6%

Location : Bucharest, Romania

Funding : $1.8M (Seed)

What they do : Questo is a mobile app for iPhone and Android that gamifies city exploration. Users embark on "quests" in order discover interesting spots and learn about local lore. Each quest is designed by a local "creator". The app currently offers quests in over 100 cities.

15. Bespoke

5-year search growth : 39%

Location : Tokyo, Japan

Funding : $2.5M (Series B)

What they do : Bespoke has developed an AI-powered chatbot designed for multilingual guest services. Their software provides hotel guests with answers to hotel-specific questions, local recommendations, and restaurant reservations. Bespoke was used by the Japanese government during COVID-19 to communicate critical health and safety updates to residents and travelers.

16. Tailos (Formerly Maidbot)

5-year search growth : 340%

Location : Austin, Texas

Funding : $50K (Series B)

What they do : Tailos , formerly Maidbot, manufacturers a housekeeping robot (named Rosie) designed to clean hotels and commercial buildings. Rosie takes on "dull, dirty, and dangerous tasks", in order to reduce injuries to staff while increasing productivity and consistency.

17. TasteAtlas

5-year search growth : 375%

Location : Zagreb, Croatia

What they do : TasteAtlas is a food and travel startup that provides a comprehensive guide to traditional dishes, drinks, and ingredients from all over the world. The platform offers a database of authentic food recommendations and local restaurants to help travelers discover new cuisines and experiences. Additionally, TasteAtlas allows users to create their own food maps and share their culinary discoveries with others.

18. Roame Travel

5-year search growth : 2,300%

Search growth status : Exploding 

Year founded : 2023

Location : San Francisco, California

What they do : Roame is a free award travel search engine that finds available flights that qualify for credit card points and miles redemption. Currently, Roame provides search results for 16 airline loyalty programs and 200 airlines . Users can upgrade to a premium membership to access the SkyView feature, a search function that finds flights within a 90-day search window. 

That wraps up our list of travel startups growing despite the hardships of the pandemic.

The trend away from traditional hotels and towards short-term rental properties, RVs, and campsites accelerated this year as more people work remotely and seek a change of scenery.

There is also a notable shift towards AI and automation, as hotels seek to cut costs and increase efficiency.

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The 12 Travel Startups to Watch Out For In 2021

No one could have anticipated what 2020 had in store for us. When COVID-19 was declared a pandemic, back in March, the travel and hospitality industries were among the sectors that were hit the hardest, having to navigate one of the worst crises in history. Several travel corporations and startups went through difficult layoffs in the weeks and months to follow - most notably Airbnb and TripActions. The industry as a whole quickly realized that this pandemic would have lasting effects and change the way we travel for the foreseeable future.

The good news is that there are signs of recovery as we near the end of 2020 and look ahead to 2021. On the startup front, Airbnb’s long-awaited IPO is sure to give travel industry partners a tailwind, proving that despite a global pandemic, “getting away” is not just a luxury, but has rather become a necessity for many. Adding to this, the growing concept of “working from anywhere” is changing how we think of accommodations - being more than just a place where we sleep and get away for the weekend.

Do you want to meet a curated selection of startups in travel? Get in touch with us

In the travel industry, 2020 has been a year where many companies have raised funds to "survive" the current pandemic - if they even had the ability to raise. The latest data from Crunchbase shows that both the number of funding rounds and the average dollar amounts raised by venture-backed travel startups have declined this year. Early-stage startups were the hardest hit with less fresh venture capital money going towards backing companies at this stage.

However, “in the midst of every crisis lies an opportunity,” and we, at Plug and Play, are firm believers that there will be many winners born out of the pandemic. We’ve listed out 12 travel startups below that are redefining the travel and hospitality space and that we think are worthwhile to keep an eye on in 2021 .

Purchasing international data plans when traveling can be frustrating. Buying a local SIM card can be a tedious process and carriers like AT&T tend to charge a huge fee to use data plans abroad. Airalo is here to change that, as the world’s first eSIM store. Almost all new smartphones are being offered with an eSIM, a SIM that’s already embedded inside the device. Airalo is an eSIM marketplace that smartphone users can use to buy temporary mobile data plans when traveling abroad. Airalo’s mobile data plans are completely separate from your standard mobile data plan and run on a local network.

“Contactless” has been the theme of 2020 and will continue to be for at least the first part of 2021. Ditto is a distributed database for cross-platform apps to sync even without an internet connection. With Ditto , your apps can sync directly with each other during outages, crashes, or in mobile not-spots. Since the pandemic hit, Ditto has seen a surge of interest from airlines.

Amenitiz is an all-in-one platform for the hospitality industry. This travel startup ’s solution centralizes all the tools that any hotelier would need to run its property into a single, easy-to-use platform: a PMS, a website builder with a fully-integrated booking engine, and a channel manager. The main value proposition is the platform’s convenience, allowing hotels to increase direct bookings, save costs, with a great UX. The company has more than 1,200 clients across Europe.

Meetings and events planning have become increasingly complicated. Troop aggregates thousands of data points, enabling corporate travel managers and meeting planners to select event destinations based on objective intelligence rather than just opinion. The platform of this travel startup optimizes destination selection based on cost, travel time, ease of travel, visa requirements, and carbon footprint, among other factors. Now, Troop is adding functions to surface safety and security information to address the risk side that becomes part of the equation.

Facial recognition and biometric identification technology could play a pivotal role in how “immunity” or “health passports” might work. One of the leaders in this space is Yoti , who allows consumers to take control of their digital identity by creating a reusable ID on their smartphone that can be shared multiple times with organizations on the Yoti platform. It is a GDPR/CCPA compliant solution, available in 6 languages and accepts passports and photos from 165 countries.

The Hotels Network

In today’s environment, hotel brands need to take innovative approaches in order to increase their direct bookings. The Hotels Network enables hoteliers around the world to increase direct bookings by using predictive personalization to offer each guest a unique user experience. The company has developed a predictive algorithm for hotels, capable of analyzing the visitor's interactions in real-time and predicting the action they intend to take on the website before they do so. This enables hotel owners and marketers to change the messaging on their websites in real-time, personalizing the experience for website users. The Hotels Network works with more than 5,000 hotels across 96 countries.

Smooss helps travel companies (especially airlines) to increase revenue and improve customer experience thanks to tailor-made solutions designed on top of reservation systems. This travel startup currently has two main products: an upselling platform and a disruption recovery solution. Smooss enables easy rebooking with its universal “Disruption Recovery” solution and enables a personalized revenue opportunity through its Smooss Ancillary Platform.

As more employees work remotely, companies are finding it difficult to recognize and reward them. Blueboard solves this problem, offering a rewards and recognition platform that is providing a curated experience that employers can bestow on their employees and top performers. Virtual cooking classes, skydiving, snorkeling, you name it, Blueboard’s concierge service is here to handle all of the logistics.

Port is another travel startup that will shape 2021 . Curious travelers want to experience and learn about different places in the world, however, there are many tour and travel experiences not within reach if you are unable to travel (for financial, time or physical reasons). Port enables travelers and working professionals to book on-demand remote guides around the world and receive live, interactive video calls to experience new destinations or attend events that they can't physically go to.

It’s safe to say that COVID-19 has changed the world of events with everything moving online. Hopin is an interactive web events company that allows hosts to create events where through video, quality connections can be made. Whether it’s a 50 person event or 50,000 person conference, you can customize your event to fit the requirements and even have attendees move in and out of rooms. It was recently announced that Hopin (founded just in 2019!) closed a $125M Series B at a $2.125B valuation.

Butler Hospitality

Butler takes over restaurants inside of hotels and transforms them into delivery hubs that provide virtual room service to nearby full, limited- and select-service hotels. Butler designs its own menu of elevated, accessible luxury food, prepares it in its own kitchens, and delivers it to hotels throughout New York City in under thirty minutes. By partnering directly with hotels, Butler delivers food directly to the hotel room and charges the guest’s credit card on file unlike other delivery services.

Calling air cargo demand “one of the few bright spots” in the global airline sector, IATA chief economist Brian Pearce said that requirements for air freight had been supported by the transport of medical equipment and essential supplies. We expect this to continue as unlike passenger demand, air freight requirements are following a fairly typical recession/recovery cycle. cargo.one is a digital platform for freight forwarders to search, compare and book air freight capacities across airlines. These airlines benefit from a fully digital and data-driven distribution channel, attracting new business at lower cost and higher operational efficiency.

In 2021, travel startups will not only play a large role in helping us adjust to the new normal and restore confidence in travel, but also challenge the fundamental ways of how we’ve thought about travel, which presents an exciting prospect - especially for early-stage investors. If 2020 was about surviving, we have our fingers crossed that 2021 will be about thriving.

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Top 20 travel startups to watch out for in 2024

1. travelperk.

• Headquarters : Barcelona, Spain
• Other office locations : Boston, Chicago, Miami, Berlin, Birmingham, Edinburgh, London
• Number of employees : 1,142 
• Funding : raised a total of $408.2M over 9 rounds

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2. timeshifter.

• Headquarters: New York, USA
• Other office locations: Southampton, NY, Water Mill, NY
• Number of employees: 861
• Funding: raised a total of $3.5M over 3 rounds

3. GetYourGuide

• Headquarters: Berlin, Germany
• Other office locations: Zurich, Sydney, Vienna, Paris, Hong Kong, Rome, Dubai, San Francisco, New York City, Cape Town, Barcelona, London, Rio de Janeiro and Tokyo
• Number of employees: 928
• Funding: raised a total of $5.9 billion in venture funding by 2022
• Headquarters: Saudi Arabia
• Other office locations: N/A
• Number of employees: 16
• Funding: seed round closed in February 2023

5. Lighthouse (OTA Insight)

• Headquarters: London, UK
• Other office locations: Singapore, Denver, Belgium, Sao Paolo, Dallas
• Number of employees: 411
• Funding: $80 million Series B 

6. SafetyWing

• Headquarters: California, USA
• Number of employees: 145
• Funding: raised a total of $47M over 4 rounds

7. Coindrum

• Headquarters: Dublin, Ireland
• Number of employees: 10
• Funding: raised a total of $2.9M over 2 rounds

8. Luggage Hero

• Headquarters: Copenhagen, Denmark
• Number of employees: 30
• Funding: raised a total of $3.9M over 5 rounds

9. Blacklane

• Other office locations: New York, San Diego, Miami, Dubai, Paris, Brisbane
• Number of employees: 343
• Funding: raised a total of $103M over 10 rounds
• Headquarters: USA
• Other office locations: Singapore
• Number of employees: 300+
• Funding: raised a total of $67.3M over 3 rounds

11. Roadsurfer

• Headquarters: Bayern, Germany
• Other office locations: 70+ locations 
• Number of employees: 263
• Funding: $31.3M (Series Unknown)

12. PickYourTrail

• Headquarters: Chennai, India 
• Number of employees: 5
• Funding: $4.74M over 5 rounds from 12 investors

13. Tripsider

• Headquarters: San Francisco, California, USA
• Number of employees: 50
• Funding: $1M in seed
• Headquarters: Cedarhurst, New York, USA
• Number of employees: 100 
• Funding: Undisclosed

15. Tourisfair

• Headquarters: Saabrücken, Germany 
• Number of employees: 10 
• Funding: £500-800K
• Headquarters: Austin, Texas 
• Number of employees: 12
• Funding: $4.25M in seed funding in 2023
• Headquarters: London, UK 
• Funding: $236M in funding across 35 funding rounds

18. Katanox

• Headquarters: Amsterdam, Netherlands 
• Other office locations: Manchester, Delaware, Seattle, New York 
• Number of employees: 25
• Funding: $5.7M raised by 2022

19. Greether

• Headquarters: Zurich, Switzerland  
• Number of employees: 34
• Funding: $2.2M in seed funding (July 2023) 

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The 28 Most Innovative Travel Tech Startups Around the World

Asian travel tech startups

Middle east travel tech startups , american travel tech startups, european travel tech startups, latam travel tech startups.

Although it suffered tremendously during the pandemic, the travel industry keeps going forwards. In 2020, the entire sector lost more than 60 million jobs and $4.5 trillion . However, it’s coming back to its feet, and some projections indicate that it will again become one of the fastest-growing sectors. It’s expected to reach a market size of $1.5 trillion and a growth rate of 8.5% by 2027 .  

One reason for such incredibly fast recuperation is travel tech. There are hundreds of innovative travel tech companies focused on delivering powerful solutions to help travel companies achieve operational excellence, generate new revenue streams, and stay above the fold even during the most challenging times.

Here is the list of the most innovative travel tech startups you should know in 2022.

The Asian travel tech startup market is quite dynamic, with new startups emerging regularly. We’ve found the following five startups to be the most innovative.

Website: https://www.airalo.com/  

Product/service description: Airalo is a travel tech startup that offers eSIMs. eSIMs are a great alternative to SIM cards, and they are supported by cutting-edge smartphones. The company’s offer currently includes over 190 eSIMs cards.

Stage: Series A

Year of foundation: 2019

Founders: Abraham Burak and Ahmet Bahadır Özdemir

Funds raised: $7.3M

Why have we included it in the list?

Airalo has secured its position on our list because it enables people to easily stay connected when traveling without spending a fortune on high roaming bills. It offers dedicated apps for both Android and iPhone users.

Website: www.travelflan.com  

Product/service description: TravelFlan is a comprehensive platform leveraging cutting-edge tech, including AI and Big Data, to deliver outstanding experiences to travelers and travel companies.

Year of foundation: 2015

Founders: Abel Zhao

Funds raised: $7 million

We included TravelFlan on our list because it’s a great example of a small team being able to achieve a lot. In just a few years, the startup delivered an inventory aggregator and processor, a big data analytical engine, a supply chain and inventory management system, and a voice- and text-based AI personal concierge. 

Website: www.yanolja.in/ko/  

Product/service description: Yanolja is one of the most successful travel tech startups in Asia. It delivers an easy-to-use mobile app for hotel reservations. The company uses AI and VR to delight its users.

Stage: Venture – Series Unknown

Year of foundation: 2005

Founders: Lee Sujin

Funds raised: $1.9 billion

Yanolja is on our list because the company continues to seek new solutions beyond mobility tech to help the travel industry move forward. The most recent Yanolja strategy was to leverage IoT to create a cloud-based hotel management solution.

Website: www.be-spoke.io  

Product/service description: Bespoke is a startup focused on leveraging AI to deliver a powerful chatbot to travelers. The chatbot can make reservations, offer personalized recommendations, and answer many questions.

Stage: Series B

Founders: Akemi Tsunagawa

Funds raised: $2.6 million

Bespoke is one of the best AI-enabled chatbots with multilingual capabilities in the travel sector. The startup even enabled the Japanese government to use it during the pandemic to deliver critical information to travelers and residents.

H2O Hospitality

Website: www.h2ojapan.co.jp  

Product/service description: H2O Hospitality is among a few startups that have successfully built an in-house automation solution to streamline the management of accommodation facilities. 

Stage: Series C

Founders: John Lee

Funds raised: $48.9 million

What we love about this startup’s tech is that it’s capable of automating all processes through a PMS without any additional human resources on site. That enables the startup to guarantee lowered operational costs.

There are a dozen Middle East-based travel tech startups, especially in Israel. You can find the most innovative ones below.

Website: mize.tech  

Product/service description: Mize offers profit optimization solutions to facilitate higher profits . Using big data enables hotel booking businesses and hotel resellers to easily manage post-booking revenue and become more competitive in their markets. 

Stage:   Series B

Year of foundation: 2016

Founders: Dor Krubiner, Guy Levitan, and Omry Litvak

Funds raised: $4.4 million

Mize is on our list because it helped revolutionize revenue management as we know it . Instead of optimizing the selling-side and pre-booking processes, it enables companies to do buy-side and post-booking revenue management.

Website: www.upstay.tech  

Product/service description: UpStay offers hotels a new way to generate additional revenue streams. This easy-to-adopt upselling platform enables hotels to capture more pre-arrival sales, including additional ancillaries and room upgrades.

Stage: Pre-Seed

Founders: Tzafrir Blonder

Funds raised: $1 million

UpStay doesn’t only unlock new revenue streams, but it’s also completely automated. The staff doesn’t have to do anything, as UpStay works in the background of the existing hotel system. More importantly, it ships out with support for Channel Manager, Booking Engine, and PMS integration .

Website: www.ekar.ae  

Product/service description: ekar is a revolutionized car rental service. Using geo-location and other advanced mobile technologies, ekar delivered an app that enables travelers to benefit from a daily car rental service. 

Founders: Ravi Bhusari and Vilhelm Hedberg

Funds raised: $17.5 million

We included ekar in our list because it uses the latest tech to enable travelers to book and access cars for personal driving use safely and securely. Every car in their network is equipped with tech that enables travelers to unlock and lock them with their smartphones.

Website: www.guesty.com  

Product/service description: While Guesty started small back in 2013, today, it’s one of the world’s leading property management solutions. The platform comes with easy-to-use features to enable property managers to streamline and automate their processes.

Stage: Series E

Year of foundation: 2013

Founders: Amiad Soto and Koby Soto

Funds raised: $284.5 million

Guesty is on our list because it is the first end-to-end property management solution for short-term rentals. The company successfully delivers all the nifty features, such as a unified inbox to help managers streamline bookings and check-in & check-out date management.

Website: www.reTravel.io  

Product/service description: ReTravel is a startup aiming to help travel agencies with their upselling and cross-selling efforts. The startup’s marketplace features everything a travel company needs to personalize its offer and attract more travelers. 

Year of foundation: 2020

Founders: Nir Gurevich and Revital Kristal

Funds raised: N/A

We added ReTravel to our list because it uses modern technologies such as AI and ML and delivers a solution that travel companies of any size can afford. The level of personalization goes so far that the platform can offer the right product to the right customer via the perfect channel.

Website: www.air-dr.com  

Product/service description: Air Doctor is a connection technology that enables travelers to find and use medical services wherever they are. The company offers its services online, thus enabling anyone who wants to use them to do it on the go as long as they have an internet connection.

Founders: Efrat Sagi Ofir, Jenny Cohen Derfler, Yam Derfler, and Yegor Kurbachev

Funds raised: $30.9 million

While Air Doctor doesn’t use cutting-edge technologies, it does provide innovative perks to travelers. Given that travelers are more concerned about their health after the Covid pandemic, Air Doctor’s vast medical network of physicians can encourage travelers to book packages and be more relaxed.

The American travel tech startup scene doesn’t fall behind its Asian and Middle East counterparts. The market is quite diverse, with startups leveraging tech to achieve all sorts of objectives. Here are the top five travel tech startups in North America. 

Website: https://www.safetywing.com/

Product/service description: This is one of the unique tech travel startups, more precisely, insurtech travel startups. SafetyWing specializes in providing health and medical insurance to remote individuals and businesses. 

Year of foundation: 2017

Founders: Hans Nyvold Kjellby, Lona Alia, Sarah Beyahte Sandnes, and Sondre Rasch

Funds raised: $47.1 million

This innovative insurtech startup has reserved its spot on our list of travel tech startups because it creates freedom for travelers . Its innovative approach to travel insurance enables travelers across borders to get travel and medical incident insurance even while abroad.

Mogul Hospitality

Website: https://www.mogulhospitality.com/  

Product/service description: Mogul Hospitality is a next-gen platform to enable companies to easily identify and contact top talent in the industry. Its focus is on enabling travel and hospitality brands to build trust and thrive on the unique values they offer to their clients.  

Stage: Seed

Founders: Alexander Mirza and Yvonne Choi

Funds raised: $3.1 million

We’ve added Mogul Hospitality to the list because it packs some really powerful features, including talent acquisition and data analytics, service profit chain management tools, and experiential training and learning platform. 

Website: www.hopper.com  

Product/service description: Hopper is a travel tech startup that came up with the travel app. The app uses big data and predictive analytics to make relevant and affordable travel recommendations to its users. 

Stage: Secondary Market

Year of foundation: 2007

Founders: Frederic Lalonde and Joost Ouwerkerk

Funds raised: $633.7 million

Hopper is a perfect example of a well-aged travel tech startup. We added it to our list because they were among the first startups to recognize the value of big data and the future of smartphones. Today Hopper mobile app helps thousands of travelers worldwide to find the best hotel and flight deals. 

Website: https://www.tentrr.com/  

Product/service description: Tentrr is one of the few travel tech startups that truly revolutionized how people interact with campsite-related travel products without reinventing the wheel. Tech-wise, the company uses a simple website with advanced location-based search functionality. It enables people to book campsites on private land. 

Founders: Eloise Bune and Michael D’Agostino

Funds raised: $17.8 million

While Tentrr doesn’t use new tech, we added it to our list because it revolutionized the campsite booking process. By enabling landowners to interact directly with travelers, Tentrr successfully facilitated local economic growth throughout the country, secured new revenue streams for landowners, and promoted natural locations.

Website: www.snaptravel.com  

Product/service description: Snaptravel is a travel tech startup that built its solution around AI. Their platform leverages AI to identify relevant, affordable hotels and flights for every traveler . Snaptravel’s price-conscious users can also use the platform to book accommodations and transport.

Founders: Henry Shi and Hussein Fazal

Funds raised: $101.4 million

Snaptravel is an excellent example of how a travel tech startup can create astonishing results when thinking out of the box. In fact, Snaptravel used its message-driven platform to create Snapcommerce, which is a platform that enables users to find the products they need at the most affordable prices.  

The European travel tech startup market is blooming. There are dozens of startups in this niche offering a wide range of solutions to companies in the sector. The following five emerge as the top ones when it comes to innovation. 

Travel Perk

Website: www.travelperk.com  

Product/service description: The team at Travel Perk has come up with a comprehensive platform for business travel booking and management. This startup, with headquarters based in Barcelona, offers an end-to-end solution for the business travel needs of any company. 

Stage: Series-D

Founders: Avi Meir, Javier Suarez, Ron Levin

Funds raised: $408.2 million

It’s great to have a platform that allows you to book and manage business travel – and Travel Perk does it in a very convenient and intuitive way offering deep insights into travel spending. It also allows users to get information on their companies’ carbon impact updated in real-time.

123Comapre.me

Website: https://123compare.me/en/  

Product/service description: 123Compare.me is a travel tech SaaS company focused on creating a perfect conversion rate optimization solution for the hospitality industry . It enables travelers to easily compare prices on official websites and OTAs, thus enabling them to get the best deal.

Stage: Pre-seed

Founders: Jordi Serra and Pau Ferret

Funds raised: Approximately $250.000

We decided to add 123Comapre.me to the top travel tech startup list because they offer a sophisticated solution that compares direct booking and OTAs’ prices in real-time. It’s one of the few travel tech solutions that promote direct booking.

Website: www.lodgify.com  

Product/service description: Lodgify startup entered the market with one goal – to simplify marketing for vacation rental product providers. They came up with a comprehensive SaaS platform for vacation rental property managers and owners.

Year of foundation: 2012

Founders: Dennis Klett and Marco De Gregorio

Funds raised: $6.6 million

Lodgify secured its position on our list because it makes a huge difference for vacation rental owners and managers when it comes to marketing and management properties. Its intuitive dashboard enables users to establish an online presence, facilitate online booking, and synchronize data across all online platforms. 

Website: www.questoapp.com  

Product/service description: Questo enables travelers to explore cities in a brand-new way. The startup has created an app that enables creators to come up with engaging city exploration games. The app currently supports both Android and iPhone devices and features over 100 city exploration games. 

Founders: Alexandru Govoreanu

Funds raised: $1.8 million

We’ve added Questo to our list because it enables travelers worldwide to experience cities like never before. The app is quite engaging as it offers games centered around a wide range of themes such as movies, local legends, books, and historical facts. 

The Hotels Network

Website: www.thehotelsnetwork.com  

Product/service description: The Hotels Network’s innovative approach to growth hacking enables hotels to attract more guests and increase bookings through a direct channel. The platform leverages several technologies to allow hotels to personalize online booking journeys for all guests individually. 

Founders: Juanjo Rodriguez, Laura Martinez Celada, Marc Rollan Serrano

Funds raised: $15.2 million

What we love about the Hotels Network is its well-planned and comprehensive platform. It comes with all the features hotels need to attract and engage new potential guests. It also uses predictive personalization to deliver memorable experiences to potential guests, thus increasing conversion rates and boosting direct bookings.

If you want to see what’s going on in the Latam travel tech startup niche, you need to check out the following companies.

Website: www.tripyeah.com  

Product/service description: TravelYeah is a startup that offers a comprehensive travel meta optimizer. The company uses AI, ML, and sophisticated algorithms to process thousands of data points and create personalized and the most optimal travel itineraries for travel agents.

Year of foundation: 2020 

Founders: Elias Musalem, Fernando Ordonez, and Miguel Rodriguez

Funds raised: $14 million

We’ve added TripYeah to our list because the startup uses next-gen technologies to create next-gen solutions. Their travel meta optimizer is one of its kind in helping travel agents create itineraries that reflect the unique needs and preferences of travelers.

Website: www.travelx.io  

Product/service description: TravelX specializes in providing online travel services. But there is one thing that makes their services unique. The startup uses blockchain technology, thus making its retailing and distribution platform transparent, secure, efficient, and decentralized.

Year of foundation:   2021

Founders: Juan Lafosse

Funds raised: $10 million

TravelX has secured its spot on our list because the startup revolutionizes travel product distribution and retailing . Thanks to blockchain, travel companies can easily tokenize their travel and transportation product inventory to facilitate sales across borders while reducing costs and generating more revenue . 

Website: https://travel.rappi.com/  

Product/service description: Following great success, Columbian startup Rappi decided to tap into a new vertical by launching Rappi Travel startup. Rappi allows users to book flights to destinations worldwide through an Android or iPhone mobile app. 

Year of foundation: 2020 Rappi Travel (2015 Rappi)

Founders: Juan Pablo Ortega, Sebastian Mejia, Felipe Villamarin, Guillermo Plaza Roche, and Simón Borrero

Funds raised: $2.2 billion

We’ve added Rappi Travel to our list because the startup’s team seems to never settle down with an achievement. Instead, they always look for new innovative solutions to help the tourism sector recuperate and provide additional support to travelers. 

Website: https://www.onfly.com.br/  

Product/service description: Onfly is a startup that delivers next-gen solutions for business travel. It also offers solutions for travel expense management and credit cards. Its focus is on small and medium businesses in LATAM. 

Founders: Marcelo Linhares

Funds raised: $390,000

Business travel is an important aspect of business management for many companies. And we’ve added Onfly because it offers companies everything they need to manage their business travels through one platform. 

Website: https://arrivedo.com/  

Product/service description: Arrivedo leverages cutting-edge technologies to create and curate content for travelers. It enables travel companies to drive user engagement rates by offering them a way to tell a story about every destination in their offer. 

Founders: Alonso Franco and Rodrigo Lopez

Funds raised: $3.9 million

We added Arrivedo to the list because it’s a perfect example of how to leverage popular technologies to delight travelers. The app curates every guide, ensuring that only the most complete and engaging guides are available to hotels, travel agencies, and tourism boards. The content is dynamic, and users can access it through a map easily embeddable on a website or in an app.

Website: https://pinguim.app.br/  

Product/service description: Pinguim is a tech and tourism startup devoted to changing the way people interact with travel packages. The app leverages AI to help connect people who share common travel goals and those that want to have the same experiences and same destinations.

Stage:   Seed

Founders: Renata Franco

Funds raised: $195,000

Pinguim has secured its spot on our list because it offers something brand new to people who enjoy traveling. Thanks to the AI and easy-to-use app, travelers can now meet like-minded people and explore the world together. 

Local Adventures

Website: https://localadventures.travel/  

Product/service description: Local Adventure is a travel tech startup that specializes in offering accessible solutions to enable clients to easily plan and book their trips. The company also offers innovative fintech solutions to help clients get access to more flexible arrangements.

Stage : Seed

Founders: Daniel Peña, Moises Vera, and Sebastian Nicolas Rodríguez Romero

Local Adventures is on the list because it doesn’t just offer any travel experience to travelers. The company tropicalizes and validates experiences using technology to ensure only the best ones are available to clients. The company has also helped LATAM tourists get access to international travel packages.

According to CB Insights, the global travel tech startup space lost over 30% of funding in 2020 . Nevertheless, some startups managed to attract tech investors by embracing innovation. 

The 25 startups you had the chance to discover above are on our travel tech market map . While each one brings unique value, they all have one thing in common – they help recuperate the travel sector . 

As you can see, these startups use both proven and emerging technologies to achieve various goals, from improving the traveling experience to enabling travel companies to capture more profit and generate new revenue streams.  

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Cristóbal Reali, VP of Global Sales at Mize, with over 20 years of experience, has led high-performance teams in major companies in the tourism industry, as well as in the public sector. He has successfully undertaken ventures, including a DMO and technology transformation consulting. In his role at Mize, he stands out not only for his analytical and strategic ability but also for effective leadership. He speaks English, Spanish, Portuguese, and Italian. He holds a degree in Economics from UBA, complementing his professional training at Harvard Business School Online.

Mize is the leading hotel booking optimization solution in the world. With over 170 partners using our fintech products, Mize creates new extra profit for the hotel booking industry using its fully automated proprietary technology and has generated hundreds of millions of dollars in revenue across its suite of products for its partners. Mize was founded in 2016 with its headquarters in Tel Aviv and offices worldwide.

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Discover 6 Travel Startups You Should Watch in 2021

Discover 6 hand-picked travel startups & scaleups out of 4.265 and explore our Global Startup Heat Map for insights into the latest travel technologies in this data-driven report!

Thousands of new startups are founded every year, despite considerable disruptions and challenges to the global economy. To introduce you to emerging technologies and startups in the travel sector , we analyzed a total of 4.265 travel startups & scaleups.

Global Startup Heat Map reveals 6 Travel Startups You Should Watch in 2021

Out of 4.265, the 6 travel startups to watch this year are chosen through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform , covering over 1.3 million startups & scaleups globally. The platform gives you the most exhaustive collection of solutions and ensures you continuously discover new startups, scaleups, and technologies. This enables you to easily scout for travel technologies and startups that matter to you and drive innovation in your industry forward.

The Global Startup Heat Map below highlights the 6 travel startups you should watch in 2021 as well as the geo-distribution of the other 4.259 startups & scaleups we analyzed for this research. The 6 highlighted travel startups are hand-picked based on our data-driven startup scouting approach, taking into account factors such as location, founding year, relevance of technology, and funding, among others.

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Trip360 improves Destination Experience

Israeli startup Trip360 develops a destination experience platform that delivers personalized content, promotions, and alerts. The platform leverages AI to match personalized bundled offers with the content on local tours and activities, thereby increasing travel agencies’ profits. Moreover, the platform keeps travelers up-to-date with COVID-19-related information, relieving them from the need to monitor various restrictions during their vacation.

Pilot creates a Travel Planner

Canadian startup Pilot offers a travel planning platform for individual travelers. The startup’s tool allows users to aggregate accommodation and transportation information, as well as keep track of their documents and the packing process. Additionally, the app contains a budgeting tool to facilitate expense tracking during a trip.

Trift enables Virtual Travel

Estonian startup Trift develops a curated content platform for virtual travel. The startup offers travel guides, stories, and experiences from around the world created by travelers. By engaging users with local cultures, Trift enables a viable alternative for travelers who are compelled to stay at home but still want to broaden their horizons.

Atamai Labs develops a Hotel Chatbot

British startup Atamai Labs develops a chatbot for improving traveler experience in hotels. The startup’s solution, Arly Chatbot, allows guests to book hotel services, receive personalized recommendations on local destinations and transportation, as well as receive instant answers to hotel-related questions. Atamai Labs further allows hotel managers to better process guests’ requests and obtain insights on guest behavior.

SafarPass facilitates Business Travel

Emirati startup SafarPass develops a booking and expense management platform for business travel. The platform offers an itinerary of hotels and plane tickets, allowing travelers to select suitable accommodation and transportation that is compliant with the general corporate travel policy. Additionally, the platform utilizes optical character recognition, thereby enabling bill and receipt scanning. SafarPass offers businesses an all-in-one travel solution that improves budget control and simplifies approval workflows.

Viageur creates Curated Itinerary

US-based startup Viageur offers a curated itinerary platform for passengers. The startup’s tool uses AI to develop a destination plan based on traveler’s preferences, budgets, and travel dates. The tool matches passengers with local vendors who deliver the traveler’s desired experience. Moreover, the startup provides local vendors with a platform to offer their activities, thereby helping them save costs on advertising.

Discover all 4.265 Travel Startups

The 4.265 SpaceTech startups are only a small sample of what we identified during our research. Explore our free Industry Innovation Reports for a broad overview of the industry or get in touch for quick & exhaustive research on the latest technologies and emerging solutions that will soon impact your company.

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69 Best Travel Tech Startups to Watch in 2024

How do we build this list? TLDR: Using math and experts.

Last update to the database: May 6, 2024. See changelog .

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Travel startups: Disruption from within?

Startups play an essential role in spearheading innovation that benefits consumers, businesses, and industries. But travel startups have been underfunded when compared to startups in other sectors. Looking back over the past 15 years, the travel and tourism industry received around 1 percent of funding for startups across all industries. 1 McKinsey analysis based on PitchBook Data, Inc.. This relatively low level of investment stands out in contrast to the industry’s size: Travel and tourism contributed to over 10 percent of global GDP in 2019. 2 “Travel & Tourism: Economic impact 2022,” World Travel & Tourism Council, June 14, 2022. These factors suggest that it’s a tough industry in which to raise money.

Despite these funding challenges, and unprecedented industry uncertainties, over $27 billion worth of investments were poured into travel companies from 2020 to 2022. In fact, in 2021, investment set a new record of just under $11 billion—indicating that investor appetite has not only returned to pre-COVID-19 levels, but even surpassed it.

About this research

Analysis is based on information obtained from the Phocuswright startup database. Funding was analyzed from 2005 to 2022 YTD (including November 2022), based on a sample of 3,865 startups. This included 6,395 funding rounds, accounting for $76 billion in funding (exhibit).

Given this context, a new report Travel startups: Disruption from within–or not? presents an overview of the travel startup environment, and how the funding landscape has evolved across geographies, and across the different types of travel startups. Analysis is based on information obtained from the Phocuswright startup database and draws on insights from industry executives (see sidebar, “About this research”).

The report examines the kinds of investors that are funding these startups—and the types of businesses they choose for investment. It also puts forward possible future scenarios that would have implications for travel companies and stakeholders in the startup space. This article presents some of the key findings.

Fewer travel startups are attracting funding, but when they do, they secure a substantial amount

Even though funding may be hard to come by, compared to other sectors, investors are interested in travel and tourism. Investment in travel startups has returned to pre-pandemic levels and has even surpassed record-breaking years in the past, such as 2015 and 2019. These peaks were achieved through significant acquisitions that may have consolidated the market. For instance the online travel agency Expedia acquired HomeAway for $3.9 billion in 2015. 3 “Expedia to acquire HomeAway, Inc.,” Expedia media statement, PR Newswire, November 4, 2015.

Furthermore, funding per round has increased over the past decade from an average of around $4 million in 2010 to $20 million in 2022, with the steepest increase seen during the pandemic (Exhibit 1). This indicates that fewer travel startups could be attracting funding, but when they do, they secure a substantial amount. In essence, the relatively small amount of funding that exists is shifting toward fewer startups.

Funding has shifted toward more mature startups

Q&a with johannes reck, ceo of getyourguide.

Johannes Reck is CEO of GetYourGuide, a Berlin-based online travel agency and online marketplace for tours, attractions, and excursions. The company’s website and app connects travelers with activity providers around the world, offering thousands of products in more than 20 languages, and 40 currencies. He shares his views on the investment landscape for travel startups:

What patterns have you noticed regarding investment in travel startups?

At a high level I would say that too little VC money flows into travel altogether, probably due to the market cap that has been realized, and that startups in the scaling phase still have to demonstrate profitability to attract funding. It’s also important not to generalize the way we think about startups—they range in size and maturity from two employees to major disruptors. Essentially, if innovation is not yet proven, then there is little or no money coming in, and this is especially true in Europe.

Are certain types of startups attracting more investor interest than others?

There are category leaders emerging in many areas, such as flights, accommodation, and experiences. I think investors have no appetite to pour money into a number three or four in any given category. And because of the global network effect in travel, it’s really difficult to design a new category. For instance, the chance that a new company could fundamentally disrupt an established concept such as Airbnb, or Booking.com, is limited because of the network effect that locks in global supply and demand—and that’s what makes category leaders so defensible.

Furthermore, there is a perception that as large firms are so big, they can do everything, and that may scare away a lot of investors from betting on a smaller innovative company. The presence of large incumbents may stifle innovation—but startups have a central role to play in this regard and can benefit the entire industry.

What role do you think travel companies could play in the startup landscape?

I think travel companies have to invest in innovation now, otherwise they could be worse positioned in a future crisis. Essentially, travel companies could look at how investing in startups could strengthen all areas of their value chain. They could also focus on the value that innovation will bring to the industry, instead of investing only with profit in mind.

That said, there may be room for travel companies to look at M&A. There is much less competition, compared to pre-COVID-19, and acquisition is now much more efficient. This means that companies could be in a position to grow—much faster and with less effort.

Across industries, later-stage funding (i.e., Series B, C, D) has made up the majority of startup investment (Exhibit 2). Between 2020 and 2022, more acquisitions (e.g., Getaroom.com and On Location Experiences) and public financing rounds (e.g., Sonder and Vacasa) took place than in previous years. This could be symptomatic of a trend: Investors may want to back category leaders that have reached scale (See sidebar, “Q&A with Johannes Reck, CEO of GetYourGuide”).

Hospitality startups remain the leading category for investment

Most recent funding has been channeled to hospitality startups, making up 49 percent of investment between 2015 and 2019, and 41 percent between 2020 and 2022. This is likely due to the rising popularity of short-term rentals. Startups providing services for short-term rentals, such as Airbnb or AvantStay, accounted for 55 percent of hospitality startup funding in 2021.

Business travel startups doubled their share of investment during the pandemic, and within this category, startups in the corporate segment, such as the expense-management software provider Divvy, secured 98 percent of funding between 2020 and 2022. The MICE segment received the remaining 2 percent, likely due to the decrease in events during the pandemic.

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In the same period, booking and transport startups lost some share of funding as investor priorities may have shifted during the crisis. In the booking category, online travel agency businesses secured 90 percent of funding.

Overall, the pre-trip category remains the least funded, having attracted 1 percent of total funding in the past seven years. Within this category, startups in insurance attracted 84 percent of funding in 2021 (Exhibit 3).

Travel companies account for a relatively small percentage of travel startup funding

Since 2015, five categories of investors have funded travel startups:

• Angel and private investors: These investors oversaw 138 rounds of capital raising totaling $3.6 billion between 2015 and 2021.
• Banks and the public sector: These institutions oversaw 125 funding rounds, totaling $6.4 billion. Much of this funding took place in 2021, likely due to pandemic-related bailouts and large rounds of debt funding.
• Venture capital (VC) and VC-orientated private equity (PE) firms: This group raised 2,090 rounds of funding, totaling $72 billion.
• Travel companies: These are frequently in-house incubators or joint ventures that provide potential businesses with direct support. Travel companies raised $7.8 billion in investment through 389 rounds.
• Non-travel companies: Despite not being in the tourism sector, these companies raised more money ($12.5 billion) in 264 rounds than their travel-industry counterparts.

Overall, VCs have been the leading investor category, and spent nine times more than travel companies in 2021. Since 2015, travel companies accounted for a relatively small percentage of startup funding, and this has decreased in recent years, dropping from 18 percent in 2020 to 5 percent in 2021.

Between 2015 and 2019, VCs and PEs invested at least twice as much per funding round compared to travel companies. Average funding size was roughly $37 million for VCs and PEs, compared to $17 million for travel companies. This leveled out between 2020 and 2022 where both groups invested approximately $30 million on average per funding round.

In 2021, banks greatly increased their investment share and matched VC investments, likely driven by increases in debt funding (Exhibit 4).

The travel industry could benefit from supporting startups

To date, travel companies have played a very small role in investing in the industry. As startups generally spearhead innovation, travel companies could take up opportunities to support startups—and reap the benefits. Furthermore, by not supporting, or finding ways to engage other players in the industry, travel companies may be missing an opportunity to shape the next generation of travel businesses. And as the investment landscape becomes tougher, travel companies are well placed to ensure that the innovation pipeline continues to flourish, even if VCs and larger players withdraw.

Travel companies could become more involved in investing in the industry and bring their expertise to bear on innovation and the sorts of capabilities and technologies that may be needed. And they stand to gain from leveraging startup capabilities in-house. Research into collaboration between corporates and startups in other industries shows that both parties stand to benefit. Startups can benefit from corporate funding, resources, and customer access, while corporates may need the innovation that startups offer to stay ahead of competitors and disruption, and also to access new technology. 4 “Collaborations between corporates and startups,” McKinsey, May 2020.

Three possible future scenarios could materialize in light of the trends in travel startup funding.

• Incumbent-driven consolidation: In this scenario, sustained emphasis on short-term profitability due to inflation and increasing cost of capital would make it difficult for travel startups to attract funding and gain ground in the industry. Funding rounds would be smaller due to early exits, closures, bankruptcies, or consolidation by established and scaled technology-driven firms. Established players would focus more on developing products and services that can be scaled globally and less on optimizing backend processes where rapid scale-up is potentially more challenging, such as manual check-in processes in hotels. This situation would lead to less innovation across the industry. In the long run, reduced innovation due to less startup diversity may require more in-house innovation for optimizing backend processes and technology.
• Emergence of multiple niche startups: Early-stage startups would see sustained and potentially increased funding, while funding for startups in the later stages would plummet. This could lead to an exit wave across later-stage startups due to bankruptcies. At the same time, a wave of new, more diversified, startups could emerge that aim to tackle a variety of niche problems in the industry, such as core technology elements. The result could be an even broader but more fragmented ecosystem of new industry players, leading to higher levels of innovation throughout the industry. Travel companies could acquire distressed startups, at lower valuations, which would boost in-house innovation and allow incumbents to provide new offerings.
• Travel startups golden 20s: In this scenario, travel startups across all growth stages and categories would see continuous increases in funding and growth. There would also be an increase in larger investments aimed at developing technology and core industry processes such as AI-enabled fulfillment, and disruption management. Innovation could flourish across the industry. In this fast-growing landscape, competition for funding would intensify and investors’ expectations around performance could increase. At the same time, collaboration would become more complex due to the diversified landscape of partners and suppliers. Established businesses would need to build in-house innovation capabilities organically or acquire them. Differentiation would become more difficult and several leading incumbents may be replaced by new challengers in the market.

However the future pans out, support for startups can boost innovation and strengthen the travel and tourism value chain, for all participants.

Giuseppe Genovese is a consultant in McKinsey’s Dallas office, Evgeni Kochman is an associate partner in the Frankfurt office, Vik Krishnan is a partner in the San Francisco office, and Nina Wittkamp is a partner in the Munich office.

The authors wish to thank Karel Dörner, Markus Berger-de León, Patrick Naef, and Christian Dominka, for their contributions to this report.

The authors also wish to thank Hollis Thomases, a senior research analyst at Phocuswright, Chetan Kapoor, a research analyst Asia Pacific at Phocuswright, and Johannes Reck, CEO of GetYourGuide.

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List of Top Travel and Tourism Startups in India

Ashwini , Shilpa sharma

“It will be much more about responsible travel now. We are going to value our freedom a lot more" – Deep Kalra, Founder of MakeMyTrip on impact of Covid on travel industry

The travel and tourism industry is one of the largest industries in India, it's a major driver of economic growth globally. India's tourism industry is experiencing a good period of growth, driven by the flourishing Indian middle class, growth in high spending foreign tourists and coordinated government campaigns to promote 'Incredible India'. But Due to restrictions linked to Covid-19, the number of foreign tourist in India during 2021 decreased to 1.52 million compared to 2.74 million in 2020, dropping by 44.5%, though foreign exchange earnings grew during the same period, as per the India Tourism Statistics 2022 report. In 2019, India saw 10.93 million foreign tourist arrivals, which dropped by 75% in 2020.

In 2021, the travel and tourism industry in India contributed around 178 billion U.S. dollars to the country's GDP. Just a few days ago the Indian government has said that the country's tourism sector will recover to the pre-pandemic level by mid-2024 , they also said that by 2030, the tourism sector will contribute $250 billion to the country's gross domestic product (GDP).According to the recent India Travel Market Report by Phocuswright, the total Indian travel market stood at US$19.1 billion in 2021 and is expected to reach $40.4 billion in 2025, with online penetration reaching 58% in 2025.

The booming IT and outsourcing industry has led to a growing number of business trips made by foreigners to India. After Covid, along with work from home, a new trend has come, i.e., workcation for which travel companies are coming up with very good offers and packages. These plans comprise elegant and peaceful places to work with sightseeing and event sports in the evening. These packages are varied and diverse.

From choosing destinations to connecting with locals and customizing the holiday, the travel startup business in India is looking to add a new dimension to the ever-evolving traveling story.

Here is the list of successful tour and travel startups.

Travel & Tourism Industry in India - Key Highlights

Top Travel and Tourism Startups in India:

Pickyourtrail

Scoutmytrip, thrillophilia, travel triangle, extravelmoney, travel & tourism industry in india - key highlights.

Also Read: Travel and Tourism Industry Trends in 2021: Post-Covid Scenario

Top 20 Travel and Tourism Startups in India

MakeMyTrip is one of the oldest travel startup in India . The inspiration for this startup came to Kalra when he was booking a holiday to Thailand. He realized that the internet could offer more competitive prices by cutting out the middleman. MakeMyTrip's mission is to provide customers a one-stop-shop for all their travel needs by providing online travel services that include flight tickets, domestic and international holiday packages, hotel reservations, rail and bus tickets.

Cleartrip, headquartered in Mumbai , was founded by Stuart Crighton, Hrush Bhatt in the year 2005. The company operates an online travel aggregator website for booking flights and train tickets, hotel reservations, and activities in India and the Middle East countries. Cleartrip is one of the few business travel startups in India. It has offices across India, UAE , Saudi Arabia, and Egypt. Cleartrip is another travel tech company in India, started its services to the Persian Gulf nations of Oman, Qatar, Kuwait, Bahrain, and Saudi Arabia, UAE, Egypt. On June 21, 2018, Cleartrip announced the acquisition of Saudi Arabia-based online travel aggregator (OTA) Flyin.

Clear trip also operates -

• Cleartrip for Business , an online corporate travel management tool. It is a business travel solution for companies
• Agent Box , a travel tool for travel agents.
• Cleartrip Mobile , a travel booking app for consumers.
• Expressway , to let users store traveller profile and payment details securely to make one-click bookings.
• Flexifly, a solution that enables flyers to change their travel date and time and switch flights between airlines without any hefty penalties.

Within few years goibibo became a big payer in travel industry . Goibibo acquired redBus in 2013 to enhance its product offering. The 2016 merger of MMT and Goibibo gave MMT depth of content and an access to a bigger consumer base. It's core value differentiator is the most trusted user experience, be it in terms of quickest search and booking, fastest payments , settlement or refund processes. Along with the usual services travel startups provide, Goibibo became the no 1 travel startup to introduce real travel booking currency named as Go Cash which can be used without any restrictions or limits of use .

In small towns, this start up company has built up good trust and about 48% of new users are associated with tier 2 and tier 3 cities, it has seen a 65% increase in transacting users since January this year and that it has been 'successful' in consolidating its position as the 'second largest' OTA brand in the country.

It is the largest hospitality startup from the list of top hospitality startups in India comprising budget hotels. It is usually one of the first names that pop up in people's minds when they think of cost efficient hotel bookings in India. The startup works in liaison with existing hotels and offers travellers vacant rooms at a cheaper price . OYO Rooms start at a nominal price of Rs. 999. Besides bulk renting hotels, they have also invested in their own properties as well. Click here to know how exactly OYO Rooms work .

The users can also opt for OYO Premium which provides a more-than-basic experience. OYO Rooms are located in the prime areas of the city and therefore they ensure travellers of having the best experience, it is also close to the best sight-seeing destinations and various dining options. The startup also raised an investment of $90 million from Softbank earlier in 2016. In 2019, OYO raised $1.5 Billion in Series F funding led by SoftBank Group , Lightspeed Venture Partners, and Sequoia India .

Hari Ganapathy and Srinath Shankar got the idea of the startup after their experience from a self-planned trip to Europe in 2012.  This platform uses deep tech to let travellers create, customize and book international vacations . Pickyourtrail considers more than 40 factors like duration, travel time, ratings, etc to build personalized itineraries that travellers can further customize & book .

After the trip is booked, travellers can use Pickyourtrail’s app to keep track of bookings and get real-time information on flight and weather updates, restaurant recommendations, and on-trip chat support.

Their goal is to perform best in the tour and travel business when it comes to international trips.

ScoutMyTrip is a road trip planner , It works for all sorts of outings, from short weekend travels to long excursions.

The motive that the duo has been able to solve through their startup is to collate information that is currently very diversified. Basically it is an information portal that makes travel easy and accessible for anyone. The company plans to connect travellers with people who want to travel on any particular vehicle. It will also facilitate customised tour packages.

With artificial intelligence, customers can create an itinerary containing the information necessary for their road trip—gas stations, toilets, restaurants, hotels to stay, and points of interest. The human intelligence aspect brings in the ability to personalize information as per one's needs.

The corporate outdoor and experiential learning model adopted by Thrillophilia in its early days, has proven to be of great significance since it was fairly new concept in India.

Thrillophilia provides you with handpicked adventure travel options. It is best suited for travellers seeking an off-the-beaten-track package for sightseeing, sports, and adventurous activities like water rafting, snorkelling, bungee jumping, and skydiving. The travellers can also curate the best tours and authentic suppliers.

Travel Triangle operates their services with a versatile team of 450+ peopl e. Travel Triangle is operating as an online marketplace model bringing both travellers and trusted & expert travel agents on a common platform. Travel Triangle is a S aaS-based customer relationship management (CRM) platform to help them manage and analyse customer interactions and data.

goMowgli is a travel startup that had its name inspired by the fictional character we all loved growing up –Mowgli from Jungle Book. It has a fleet of buses across different states (using the concept of “hop-off buses”) and the travellers can buy a pass for a fixed number of days – a week or two. It is suitable for solo travellers and backpackers who want to travel without a fixed plan or do not want to get in trouble of booking cabs while traveling the city.

goMowgli claims to be India's first flexible bus network for travellers. Flexible bus network mean is you can catch the bus anytime you want from any place in their network, and get off anytime, at any place.

goMowgli will tell you the exact location of the nearest bus when you switch on the GPS feature on your smartphone. The app is growing in popularity very fast. At present, their revenue generation is basically based on the passes they sell (Rs. 1700/day) . And their marketing is mainly based on social media and word of mouth.

Tripoto is a Delhi-based startup founded by Anirudh Gupta and Michael Lyngdoh and one of the best travel startups in India. It allows users to create itineraries for their future trips that they can also share with other travelers. They can share their travel experiences, related content and pictures, itineraries, maps, stories, and reviews.

The startup has one of the largest communities of travellers in the world where people get a chance to share their travel experiences, discover unique trips and travel itineraries by other travelers and connect with them around the world through the website. Tripoto’s aim is to become the largest source of crowd-sourced travel content platforms in the world by enabling users to share their credible travel information.

ExTravelMoney is an online aggregator and marketplace for forex services that bring the hyperlocal eCommerce model to foreign exchange business and is helping users save money on currency exchange and money transfer from and to abroad. Users can use this platform to search for banks and money changers near them who offer these forex services. They can also compare the exchange rates and total cost of a forex service including the services fees, tax charges, even the rating of each forex store they are searching for.

The users can therefore make an informed decision based on this knowledge and book the cheapest and the best forex services near them directly from their app ExTravelMoney. If you are traveling in a foreign country, foreign exchange is an important component to plan. It isn’t easy to purchase forex due to the time and the hassle it takes in finding the best exchange rates. The website provides travelers with forex dealers across the country to bring them the best available exchange rate in the market and all they need to do is log in to their website, state their forex requirement, and then it connects you to the nearest forex dealer.

Nearify is an app founded by Mayank Kumar, Saurav Singh and Vivek Srivastava in 2012 that provides users with updated information on events that are happening around them. Like information on the city, major tourist attractions, and fairs & festivals happening in the area. All the user needs to do is to key in the name of the city to find listings of meet-ups, workshops, music concerts, and cultural hangout places in their close proximity.

It is best suited for travelers who want to know what’s happening in other locations of the place they are traveling to and wish to plan their itinerary and also don’t want to miss out on the social events happening in nearby cities or locations.

TripHobo is a Pune-based travel startup that has an innovative new travel platform where the collective effort of their dedicated team of travel enthusiasts. They are trying to transform its user's travel experience by making travel more sharable and personally tailored. The platform lets you connect with travel buddies around the world and hence makes your experience even richer and memorable.

TripHobo is a vacation planning website that is also the world’s leading vacation planning platform on which you can plan trips to about 150,000 destinations worldwide. It lets users discover great itineraries created by travellers just like them.

It's an online travel platform for travellers to explore travel destinations, plan and book their trips in advance. It allows users to dynamically create self-serviced customized travel packages after receiving inquiries from clients.

The users can also compare reviews and plan their activities and sightseeing for their trips, it also involves native wholesale suppliers who are responsible for the operational aspects of the business of your trip that includes ground handling and fulfillment. iTraveller has created more than 2 lakh trips featuring over 20 travel destinations across the globe and more than 60 native wholesale suppliers from across these destinations. The brand of iTraveller is now changed to Lastminute.

The mobile marketplace connects travellers with the local people in the city you are traveling to. These people are called “Sherpas” and are chosen after a thorough background check and verified authenticity. They offer numerous itineraries, popularly known as “micro tours”, from sightseeing, photography tours, and heritage walks and food walks to explore a location from the eyes of a local guide – Sherpa.

Sherpas can be from any profession and list experiences that will cost you less than Rs. 3,000 per participant. This is a unique feature that SeekSherpa offers, it helps you in traveling better by interacting with the residents of the place you are seeking to explore. This way, your trip is better, well experienced, and more memorable.

SOTC India is a leading travel and tourism company active across various travel segments including Leisure Travel, Incentive Travel and Business Travel . It is one of the leaders in segments, namely Escorted Group Tours, Customized Holidays,  and Incentive Travel amongst others. SOTC offers customized holidays around the world, Corporate Tours and provides packages for MICE (Meetings, Incentives, Conferences and Events) related travel needs.

Travelling is one of the most exciting and important parts of our life. It teaches us a lot. These startups in the tourism industry in India are helping us to make our journey better, safer, and easier. If we have missed out on any travel startup in India, do let us know in the comments.

FAQs on Travel Startups in India

How to start a travel business in india or how to start a travel company in india.

Best tips to start a travel business in India or a travel company in India:

• Step 1: Prepare a plan for your travel business.
• Step 2: Brand your travel business along with dealing in legal formalities.
• Step 3: Manage your funding strategy.
• Step 4: Pick a great location and hire employees.

How to start an online travel agency in India?

The list of requirements to start an online travel agency in India :

• Make a thorough research on your competitors and the market.
• Find your own niche in the travel industry.
• Build your team.
• Take a call on a travel website or a travel software, or both.
• Make a strategy for marketing.
• Target a location.

Must have tools for startups - Recommended by StartupTalky

• Manage your business smoothly- Google Workspace

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Travel Startup Funding Slows Down After $689 Million Spree

Justin Dawes , Skift

May 3rd, 2024 at 2:20 PM EDT

Travel startups raised $689 million over two weeks in mid-April, and then they raised only $29 million in the two weeks following that.

Justin Dawes

Travel Startup Funding This Week

Each week we round up travel startups that have recently received or announced funding . Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.

After an active couple of weeks for travel tech funding, it’s been a bit quieter lately. Only a handful of travel startups over the past two weeks have announced new fundraises, and they have all been relatively small. 

This comes after a total of $689 million raised over the two weeks prior: $358 million one week , making it the second-best week for funding in 2024, followed by the third-best week with a total of $331 million .

Four travel startups announced fundraises totaling over $29 million over the last two weeks. 

Charge Zone: $19 Million

Charge Zone , which is developing a network of chargers for electric cars, buses, and trucks, has raised $19 million in venture capital.

The round was led by British International Investment.

The company last year raised $54 million in series A1 funding. 

The India-based company said it plans to install 1,500 supercharging stations over the next 18 months in India, with plans for at least 10,000 charging stations by 2027. The company is also looking to expand into the U.S. and the Middle East.

The charging networks are paired with an app that allows users to manage the session and pay without cash. 

Clients include Hyundai, Mahindra & Mahindra, Tata Motors, and hotel companies Marriott and Hyatt.

Turbi: $8.5 Million

Turbi , a car rental startup in Brazil, has raised $8.5 million, co-founder Daniel Prado confirmed. 

Domo.vc led the round, with support from Reag Investimentos and Carbyne Investimentos.

The Turbi platform allows users to book car rentals online and have the vehicles delivered and picked up. They can be rented for hours, days, or longer through a subscription plan. 

The company earlier this year raised $16.4 million to expand its fleet by 1,000 vehicles.

Fynch Mobility: $1.1 Million

Fynch Mobility has raised $1.1 million (€1 million) in seed funding to make sustainable business travel the new norm. 

The funding comes from a group of angel investors and a governmental grant. 

Utrecht-based Fynch Mobility said its platform enables employers to measure carbon emissions related to business travel, and it awards employees for choosing more sustainable options. Companies can also use the app to reimburse employees for trips, and it integrates with some back-office business software. 

The startup has a “long-term partnership” with Alphabet Lease, a European car leasing company owned by BMW Group. Other clients include the Dutch Directorate for Public Works and Water Management, BCD Travel, Censo Energy Services, parking company Q-Park, Volvo Group Netherlands, and BMW Netherlands. 

Allmytour: $738,000

Hotel booking platform Allmytour has raised nearly $738,000 (1 billion South Korean Won), according to a South Korean publication covering startup news. 

The pre-series A bridge round comes from Shinhan Venture Investment and Korea Investment Accelerator ahead of a planned series A round next year. 

South Korea-based Allmytour has a subscription program that allows users to book hotels worldwide without markups or fees. 

S kift Cheat Sheet

Seed  capital is money used to start a business, often led by angel investors and friends or family.

Series A  financing is typically drawn from venture capitalists. The round aims to help a startup’s founders make sure that their product is something that customers truly want to buy.

Series B  financing is mainly about venture capitalist firms helping a company grow faster. These fundraising rounds can assist in recruiting skilled workers and developing cost-effective marketing.

Series C  financing is ordinarily about helping a company expand, such as through acquisitions. In addition to VCs, hedge funds, investment banks, and private equity firms often participate.

Series D, E, and, beyond  These mainly mature businesses and the funding round may help a company prepare to go public or be acquired. A variety of types of private investors might participate.

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Our daily coverage of the global travel industry. Written by editors and analysts from across Skift’s brands.

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Tags: business travel , electric cars , funding , sustainability , the prompt , vcroundup

Photo credit: Travel startups raised about $29 million over the last two weeks. Andrew Neel / Unsplash

Online Travel startups in Moscow, Russia

1 . Travelata

Key facts about travelata.

• Founded Year : 2011
• Location : Moscow (Russia)
• Stage : Series C
• Funding : $12.5M
• Investors : EBRD , Russian Direct Investment Fund and  8 Others
• Tracxn Score : 67 /100  What is this?
• Competitors Rank : 1 of 7 Competitors

2 . Delimobil

Key facts about delimobil.

• Founded Year : 2015
• Funding : $75M
• Investors : VTB Bank and  1 Other
• Tracxn Score : 59 /100  What is this?
• Competitors Rank : 1 of 31 Competitors

3 . Onlinetours

Key facts about onlinetours.

• Founded Year : 2012
• Stage : Series B
• Funding : $9M
• Investors : Headline , HV Capital and  5 Others
• Tracxn Score : 49 /100  What is this?
• Competitors Rank : 2 of 9 Competitors

4 . BelkaCar

Key facts about belkacar.

• Stage : Funding Raised
• Investors : GVA , Winterberg Group and  2 Others
• Competitors Rank : 2 of 31 Competitors

5 . Anywayanyday

Key facts about anywayanyday.

• Founded Year : 2008
• Stage : Series A
• Investors : Tiger Global Management and  1 Other
• Tracxn Score : 48 /100  What is this?
• Competitors Rank : 20 of 203 Competitors

Key facts about HipWay

• Founded Year : 2010
• Stage : Seed
• Funding : $2.75M
• Investors : FJ Labs , Point Nine and  6 Others
• Tracxn Score : 38 /100  What is this?
• Competitors Rank : 1 of 5 Competitors

7 . Tutu.ru

Key facts about tutu.ru.

• Founded Year : 2003
• Stage : Unfunded
• Competitors Rank : 4 of 29 Competitors

Key facts about Busfor

• Funding : $20M
• Investors : Baring Vostok , Elbrus Capital and  2 Others
• Tracxn Score : 36 /100  What is this?
• Competitors Rank : 2 of 17 Competitors

9 . Hello Tickets

Key facts about hello tickets.

• Founded Year : 2017
• Funding : $2.23M
• Investors : Techstars , Pillar VC and  8 Others
• Tracxn Score : 33 /100  What is this?
• Competitors Rank : 5 of 44 Competitors

Key facts about UFS

• Tracxn Score : 28 /100  What is this?
• Competitors Rank : 23 of 62 Competitors

Explore our recently updated startup lists

• Online Travel Startups
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• Matchmaking Startups in Taipei, Taiwan
• Matchmaking Startups in Vienna, Austria
• Matchmaking Startups in Mumbai, India
• Matchmaking Startups in Tel Aviv, Israel
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• Travel and Hospitality Tech Startups in Orlando, United States
• Travel and Hospitality Tech Startups in Tallinn, Estonia
• Travel and Hospitality Tech Startups in Montreal, Canada

Human-sounding AI can plan, help book your travel. But can you trust it?

It wasn’t so long ago that travelers planned trips without the internet.

“Back in the day, our parents used to go to these travel agents and really kind of express what they were looking for and what kind of vacation they wanted,” said Saad Saeed, co-founder and CEO of Layla, an AI travel planner whose website launched this year. “Slowly, we kind of acclimatized ourselves to start using these search boxes, clicks, these forms and filters.”

Artificial intelligence-driven tools like Layla can now turn back the clock on that experience, engaging with users almost like humans to customize travel plans with lightning speed plus all the resources of the web. But does AI actually make travel planning easier and can it compare to human expertise? 

Yes and no. Here’s why.

Can AI actually understand us?

It can try. 

“What are you personally looking for in this trip and what do you want out of it?” asked Saeed. “Do you want to reconnect with your partner, for example, or do you want to just feel some adventure and thrill?” 

A human travel agent may ask a series of questions to understand a client’s needs. So can generative AI , which picks up on keywords. Mindtrip, an AI planner launched publicly on May 1, has an actual travel quiz that asks users to rank priorities like “Is your ideal vacation day an exhilarating adventure or a relaxing break?” using sliding scales.

“What we get at the end of that quiz, using the AI, is a really customized description,” explained  Mindtrip Founder and CEO Andy Moss. That then informs what the AI suggests to the traveler. 

Informed suggestions can save users time in narrowing down destinations and experiences, as well as  introduce places users may never have discovered on their own.

AI travel planning is here: How to use it to plan your next vacation and what you should know first

Can AI fully replace humans?

No. Layla may sound human, using conversational phrases like “I've got three cozy nests that won't make your wallet cry.”

“She has a personality. We try to make her funny and so on, where it's really that friend that can get to know you and then recommend you the perfect stuff,” Saeed said.

But part of Layla’s expertise comes from the real-life experiences of some 1,600 travel content creators  the Berlin-based platform has partnered with. Their videos and insights can give users a richer picture of what to expect.

Mindtrip also leans on human expertise, having tapped a limited group of travel influencers for curated content with plans to eventually open it up so anyone can share their travel itineraries and experiences with the public.

Story continues below.

Is AI a threat to privacy?

With all the rapid advancements in AI in just the past year, some users are wary of its safety .

“Data privacy is definitely one of our biggest concerns, and we ensure that none of the personal identifiable information ever reaches basically the model providers. That will all stay with us,” Layla’s Saeed said. “None of their personally identifiable data can ever be basically used to profile them or basically go into any of these systems, which are training these different models.”

Booz Allen Hamilton, the nation’s largest provider of AI to the federal government , focuses heavily on ethical and  secure AI, as well as adhering to the government’s policies on data collection. 

“We collect as little information as we can in order to provide a secure transaction,” said Booz Allen Hamilton Senior Vice President Will Healy, who heads up their recreation work, including Recreaton.gov , the government’s central travel planning site for public lands like national parks. “We don't save your searches. We don't save your credit card data. We're very careful about the data that we store.”

Yoon Kim, an assistant professor in MIT’s Electrical Engineering and Computer Science Department and Computer Science and Artificial Intelligence Laboratory , isn’t too worried about security in the initial brainstorming stages of travel planning with AI.

“I don't see, at this point, how AI-generated advice is spiritually different from travel guide articles that you might read on certain websites,” he said. “Travel planning is one really nice use case of these models, as narrow as it is, because it's a scenario in which you want to be given ideas but you don't actually need to commit to them.” 

What’s next for AI? 

Things could be different, though, if AI is used beyond trip planning. Deloitte sees AI being woven into all parts of travel.

“There is an opportunity for a real engine – I'm going to just use a generic term, engine – that allows you to search and pull it all together and to sort based off of your personal reasons for prioritization and then not stopping at ‘hey give me a list’ or ‘here's what to do,’ but ‘OK, now go create my itinerary, help me book it, track it all the way through that travel process,” said Matt Soderberg, principal, U.S. airlines leader for Deloitte. 

Deloitte’s Facing travel’s future report, released in early April, identifies seven stages where AI can intersect with a trip, from personalized recommendations based on past travel, online purchases and tendencies to day-of issues to a post-travel pulse, where travelers may be asked about their experience and start thinking about future trips. 

“When you solve across all of those, that's going to be the Holy Grail,” Soderberg said. “The difficulty is that doesn't all sit in one place. And so how do you get the right information and the right data to bring all of that together for a single experience for the consumer? And who's going to own that?”

Layla and Mindtrip, among others, already offer booking through partners like Booking.com. “It's all about making things actionable,” Moss said.

But for now, if issues come up mid-trip, AI tools can’t fix them like humans can. Humans still have to get involved.

To revisit this article, visit My Profile, then View saved stories .

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Madhumita Venkataramanan

Europe's 100 hottest startups 2012: Moscow

This article was taken from the September 2012 issue of Wired magazine. Be the first to read Wired's articles in print before they're posted online, and get your hands on loads of additional content by subscribing online . "Russia's unique feature is its size," says Yuri Milner, founder of investment firm DST Global. "When someone invests in Russia, it's also about Ukraine, Belarus and the Russian-speaking universe." And the size of the market means that most Russian entrepreneurs are happy to stay close to home -- "We can grow 20 times where we are now, so why leave?" says Oskar Hartmann, CEO of Moscow-based flash-sales startup KupiVIP.

But Milner hopes that attitude will change. "Silicon Valley thinks global straight away," he says. "Russian founders will have that ambition over time."

Samokatnaya Dom 1, 111033, Moscow

In 2008, fashion e-commerce in Russia was an enormous vacuum. "We were the first ones online," says Oscar Hartmann, CEO of KupiVIP -- a members-only Russian e-shopping club that offers daily flash sales of a claimed 1,700 brands. "No one else was telling Russian women they could look good for 70 per cent less, so what we were doing was a powerful thing," he says. Five years later, KupiVIP has 8.5 million members, $200 million (£127 million) net revenue and hopes to be a billion-dollar company by 2017. That may be small change for an outfit such as Amazon, but Hartmann's startup was jumping into "cold water". "A lot of our customers made the first online purchase of their lives with us," says fellow German Damian Doberstein, KupiVIP's cofounder. Despite being in a country of 53 million internet users with an impulsive buying culture, KupiVIP had to contend with the country's infamously absent logistics infrastructure. The company had to build its own digital production arm and call centre, and owns and leases hundreds of trucks that deliver to 190 cities around Russia. Delivery staff even wait at the door while customers try on their new clothes. Did they know what they were getting into? "We had zero expertise when we started," says Hartmann. "Sometimes it is good to be foolish."

2: Zeptolab

R&D department based in Moscow

A baby monster named Om Nom has catapulted Zeptolab's Cut the Rope game into the international league -- by the end of 2011, the physics-based puzzler had been downloaded more than 100 million times, according to CEO Misha Lyalin (right). Said to have the addictive gameplay of Rovio's Angry Birds (which Lyalin says is its main competitor), the 2010 game, created by twin brothers Semyon and Efim Voinov, sold a million copies in its first ten days, becoming the fastest-selling game on iOS at the time of release.

Based in London but with R&D in Moscow, Zeptolab makes money from paid downloads -- about 20 million of them, to date -- as well as a freemium model. Its main business strategy is to build a well-known brand -- Om Nom became a central character in a digital comic-book released last December and made a comeback in the sequel, Cut the Rope:

Christopher Null

Julian Chokkattu

Benj Edwards, Ars Technica

Ryan Waniata

Experiments.

Despite its global success, Zeptolab is yet to release a second portfolio game. "I'm not going to say exactly how many, but there will be more games this year," says Lyalin. In February it announced several licensing deals with Hasbro, Mattel, JAKKS Pacific, and clothing company LF USA -- similar to those struck by Rovio for Angry Birds and Outfit7 for Talking Tom. Expect Cut the Rope board games, sleepwear and iPad apps in the very near future, then.

3: Start Fellows

Yuri Milner launched the Start Fellows programme last December, in which 12 internet entrepreneurs are given $25,000 and access to a network of elite Russian and Silicon Valley founders.

Milner enlisted Pavel Durov, founder of Vkontakte, Russia's most popular social network, to pick projects -- including Wakie, a human alarm clock service, and Key Captcha, an interactive puzzle captcha that is actually an advertisement.

4: GameInsight

Bolshaya Tulskaya 46, 115191, Moscow

Founded in 2010 by Muscovite Alisa Chumachenko, GameInsight is a mobile game publisher run by five women. The startup has 50 million active users and is expanding in the US and Asian market in a bid to triple revenue from last year's $50 million. "We have the top mobile game in Korea and are releasing games in China and Japan this year," says Chumachenko. "We will draw you into our games, make you addicted and then monetise you."

5: Skolkovo

12 Krasnopresnenskaya Embankment, 123610, Moscow

The Russian government's billion-dollar effort to create its own Silicon Valley is currently a construction site just outside Moscow. On completion in 2014 it will house clusters for biomedical, nuclear, energy, space and IT research. Startups will receive a grant pooled from a $250 million annual investment budget, plus tax benefits and no visa restrictions. "We want to convert research into money," says Alexander Turkot, executive director of the cluster.

Serebryanicheskaya Naberezhnaya 27, 109028, Moscow

Launched at Santa Clara's DEMO Conference in 2010, Zingaya is a cloud-based service that allows people to make free customer-service phone calls through their web browsers. Websites integrated with Zingaya let customers click a single button to ring consumer call centres. With $1.15 million from Esther Dyson and private Russian investors, it has 20 businesses signed up in Russia. In the US, they hope to sign on big players such as Zappos soon.

7: Ostrovok

12/18 Bolshoy Savvinskiy, 119435, Moscow

Online travel company Ostrovok was founded in August 2011 by UK-educated Russians Kirill Makharinsky and Serge Faguet. Funding comes from heavyweights Esther Dyson, Accel Partners, Atomico Ventures and Founders Fund, bringing its total up to $13.5 million, and with 13,000 hotels in 200 countries and 150,000 weekly visitors, CEO Faguet says revenue is in the tens of millions of dollars. "We want to bring small Russian hotels online," he says.

70 Obukhovskoy Oborony Ave, St Petersburg

ResumUP founder Eugene Barulin has an alternative to your black-and-white-text CV: coloured infographics. Its technology pulls user-data from Facebook and LinkedIn and designs an image that combines your education, work experience and skills. Launched in public beta with $350,000 of its own funding in August 2011, the site has so far collected data from four million profiles. It aims to develop a recruitment service with large corporations.

Ulitsa Kirpichnye Vyemki 2C1, Moscow

This daily-deals site is one of the top-five e-commerce businesses in Russia and the market leader in its space, beating Groupon.

Launched in 2010, Biglion's annual sales are estimated to be between $75 million and $150 million -- and it's growing quickly; it recently bought Belarusian rival Bongo and launched in Kazakhstan. Initially funded by Russian venture fund ru-Net, Biglion received about $25 million from US fund Tiger Global Management last December.

10: Farminers Startup Academy

4th Floor, 44 B Tulskaya St, Moscow

Run by internet entrepreneur Igor Matsanyuk, the Farminers business incubator houses and funds 12 early-stage mobile startups in return for a 40 per cent equity stake. Startups receive support from a network of local entrepreneurs plus access to the parent company IMI.VC. Projects include Dish.fm, an app that recommends specific meals in restaurants; My Apps, a DIY app-constructor; and Woodla, an AR "hidden object" mobile game.

This article was originally published by WIRED UK

More From Forbes

Most billion-dollar startups in the u.s. founded by immigrants.

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Guillermo Rauch, founder and CEO of Vercel, one of more than 300 immigrant-founded billion-dollar ... [+] companies.

Tomas Gorny grew up in Poland under communism. But after moving to the U.S. and taking odd jobs like washing dishes and saving money from small ventures, he cofounded the tech company IPOWER in 2001, which he sold 10 years later for $1 billion to Warburg and Goldman Sachs. In 2006, he cofounded Nextiva, a phone and videoconferencing platform valued at $2.7 billion where he’s now CEO.

Gorny is hardly alone: More than half of the most valuable startups in America were founded by immigrants, according to a new analysis by the National Foundation for American Policy. The new research , which I authored, shows how vital immigrants have become in founding America’s most valuable companies.

“Immigrants have started more than half (319 of 582, or 55%) of America’s startup companies valued at $1 billion or more,” the analysis . “Moreover, nearly two-thirds (64%) of U.S. billion-dollar companies (unicorns) were founded or cofounded by immigrants or the children of immigrants. Almost 80% of America’s unicorn companies (privately-held, billion-dollar companies) have an immigrant founder or an immigrant in a key leadership role, such as CEO or vice president of engineering.”

The research is an update of NFAP studies in 2016 and 2018. However, due to the growth in billion-dollar companies, the 2022 study involved gathering and verifying information on the founders of more than 580 unicorn companies tracked by CB Insights. “Unicorns” are privately held companies (i.e., not traded on the stock market), valued at $1 billion or more that have received venture capital financing.

According to the analysis, 58% of immigrant-founded billion-dollar companies had only an immigrant or multiple immigrant founders , with no native-born founders.

Many of the immigrant founders of billion-dollar companies have remarkable life stories. Guillermo Rauch, an immigrant from Argentina, founded Vercel, a cloud platform for web developers. The company has 400 employees and is valued at $2.5 billion. Rauch taught himself web development—at age 11— and learned English by “ reading software manuals .”

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Best covid-19 travel insurance plans.

“As a kid, I was fascinated by the idea of being able to create and innovate alongside a global community of developers right from my hometown outside of Buenos Aires, Argentina,” said Rauch in an interview. “My own experiences fueled my desire to solve the challenges I faced while using the web. Immigrating to the U.S. gave me the opportunity to start Vercel to help build a more interesting, intuitive, and open internet by empowering developers to create the moment inspiration strikes.”

Many innovations are only realized via entrepreneurship. Think back to the creations of Nikolai Tesla and Alexander Graham Bell—both immigrants who founded companies and invented useful products. The study notes, “The best ideas will never be applied or perfected without people willing to take a chance on those ideas, and billion-dollar companies are among America’s most innovative.”

There is no startup visa in U.S. law. Rep. Zoe Lofgren’s (D-CA) bill to create one was part of the COMP COMP ETES Act that passed the House of Representatives in February 2022. Since immigrant entrepreneurs cannot gain permanent residence by starting a business, the immigrant founders of billion-dollar companies typically gain their green cards as refugees or family-sponsored or employer-sponsored immigrants. Several came to America as children with their parents.

One-quarter (143 of 582, or 25%) of U.S. billion-dollar startup companies have a founder who came to America as an international student. International students generally must gain H-1B status and (or) an employment-based green card to stay in the United States after graduation.

Two more findings of note from the research: The more than 300 immigrant-founded U.S. companies have a collective value of $1.2 trillion. That makes those companies more valuable than all the companies listed on the main stock markets of several countries, including Argentina, Colombia and Mexico.

The research also found the billion-dollar companies with immigrant founders created an average of 859 jobs per company, with the majority of the employees in the United States.

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