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Elude raises $2.1M to show spontaneous travelers the best destinations for their budgets

TechCrunch

The Los Angeles-based startup launched its travel discovery mobile app Thursday, a budget-first search engine that shows people how far their money will take them. Not being able to find something on their budget, they came up with the idea for Elude. stars and above. stars and above. The co-founders have now raised $2.1 Simon said.

Travel 245
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Indian market regulator tightens IPO disclosure norms

TechCrunch

India’s market regulator has tightened disclosure norms for firms looking to file for an initial public offering after lackluster performance of more than half a dozen tech startups in the past year and a half. SoftBank recently internally cut the valuation of budget hotel chain Oyo, once a $10 billion firm, to $2.7 No problem.

Marketing 205
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Indian market regulator puts insurer Digit’s $440 million IPO in ‘abeyance’

TechCrunch

The Indian capital market regulator has moved Digit’s IPO application to “abeyance,” it said in what is a disappointing development for the online insurer’s plan to go public. Indian market regulator puts insurer Digit’s $440 million IPO in ‘abeyance’ by Manish Singh originally published on TechCrunch.

Insurance 203
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SoftBank-backed Oyo files for $1.16 billion IPO

TechCrunch

Oyo is ready to explore the public markets. The eight-year-old Indian budget hotel giant has filed the paperwork (PDF) with the local market regulator for an initial public offering, in which it is seeking to raise about $1.16 Oyo has also streamlined its relationship with hotels in recent quarters.

Hotels 251
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Metasearch in Hospitality: an Overview of Hotel Search Engines

Altexsoft

In April 2020, the hotel occupancy in the US dropped to its lowest level ever — the bewildering 24.5 The annual average was roughly 44 percent, which means that more than half of hotel rooms were empty during the whole year. The hospitality industry was among those that suffered the most because of the COVID-19 pandemic.

Hotels 119
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Brex takes a swipe at Concur with an expansion into travel

TechCrunch

Besides seeking to snag market share from incumbents such as Concur, Brex is also taking on startups such as Navan (formerly called TripActions) — which actually started its business focused on travel expense management before broadening its offering — and also Ramp, which itself expanded into travel last year.

Travel 192
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Elude secures additional funding as it aims to improve travel booking experience

TechCrunch

Alex Simon, CEO, and Frankie Scerbo, CMO, got the idea for the Los Angeles-based startup three years ago after bonding over a love of spontaneous travel, but not finding enough options within their budget. Elude, a travel discovery mobile app, is a budget-first search engine that shows people how far their money will take them.

Travel 202