HeyHolidays, a Bangalore-based startup that operates an online holidays rental platform, has announced that it has raised around Rs. 64 crores ($1 million) in its new funding round from Hampton Capital. The newly infused capital will be used by the company to further expand its footprints.
The company will now be focusing on increasing its Indian base to cater to growing demand of international travelers who are visiting India by adding unique listings in holiday destinations, religious locations and heritage places.
Commenting on this, Kenny Blatt, co-founder of HeyHolidays, said,
India was our first choice for the market’s sheer potential. For the past year, we listened to what our guests were asking for and helped better curate our hosts’ offerings. We are currently operational in the major cities of India (over 100 destinations) and across 100+ countries.
HeyHolidays was launched in India in late 2016 by Kenny Blatt, Stan Dong, and Nitesh Shetty. It uses the idea of sharing economy to offer short-term accommodations from urban cities to resort destinations to its customers.
While the company was founded as HeyBnb, it was later renamed itself to HeyHolidays to “expand its scope of business and better serve its guests as well as hosts.” According to the company, it has more than two lakh listings across India, Southeast Asia, Europe, United States etc.
Other players in this space include global players like Airbnb and India players like Nestaway, Homigo, Zocalo, Fella Homes, among others. These startups offer well-furnished apartments or villas for students or working professionals to ease home-search troubles.