Indian holiday rental startup HeyHolidays recently raised USD$1 million funding from Hampton Capital.
The total funding commitment was for $1 million and in the form of a SAFE agreement, confirmed Co-founder Kenny Blatt to YourStory.
The company said that the funds are going to be used to increase Indian and foreign listings, invest in marketing to grow the customer base in India and key international markets.
Bengaluru-based HeyHolidays is a global company in the online short-stay accommodation space. The platform uses the concept of the shared economy to connect guests with local hosts for an authentic localised experience. It has all types of properties in the platform. The company currently operates in more than 100 countries with over 200,000 listings. In India, it is present in all major urban and resort destinations.
It is partnering with travel agents to take care of user's other needs like sightseeing, pick-up, drop etc. They plan to also increase the unique listings in holiday destinations, religious locations and heritage places.
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