Wandertrails, an online travel booking startup has raised $1 Million in seed funding from their investors Earlsfield Capital, an UK-based venture capital firm of entrepreneurs-turned-investors. The funding took place on 6th February 2017.
Founded in 2016, Wandertrails aims to build India’s largest network of experiential stays and what it calls ‘immersive’ activities by 2020. It currently hosts more than 5,000 experiential stays and immersive activities in 65 destinations across 12 states.
CEO and Co-founder of Wandertrails, Vishnu Menon,an IIM-Calcutta graduate, said “In a turbulent investment scenario it is a reaffirmation for the vision of Wandertrails. It will give the company a strong financial cushion for executing its expansion plans on a pan-India basis.”
Meraj Alam from Earlsfield said: “We were super-impressed with their ability to execute and the supply they have built in a very short time in a capital-efficient manner. We spoke to a large number of their customers, both from within India and Europe, and the net promoter scores we have witnessed are incredibly high. We believe this is the next iteration in travel and we are very positive they are building a strong business with great fundamentals.”
The company’s USP lies in going beyond the obvious. Travellers can choose from a wide range of options like home stays, tree houses, house boats, heritage homes, tented and camping stays to boutique resorts. They also offer exciting activities like treks and adventure trails, culinary sessions, heritage walks, art trails, wellness sessions and cycling tours.
The startup will use their funding to expand their business to another level and make more contacts across the country, which will give their customers an unforgettable holiday experience. Read more news.