Wandertrails, a Bengaluru-based online experiential travel platform, has raised USD1 million in seed funding in a short span of time, giving the startup strong financial muscle to chalk out plans for expanding its operations across the country and build more innovative products for its growing clientele.
Launched in July 2016, Wandertrails has raised the funds from Earlsfield Capital, a UK-based venture capital firm of entrepreneurs-turned-investors.
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.
“We raised one million US dollars in a turbulent investment scenario. It is a reaffirmation of the vision of Wandertrails. It will give the company a strong financial cushion for executing its expansion plans on a pan-India basis,” said Vishnu Menon, co-founder & CEO of the company, an IIM Calcutta graduate and a former Bain consultant.
Meraj Alam, Managing Partner, 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 talked 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.”
Travellers can choose from a wide range of stay options, like homestays, treehouses, 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. Users of the platform can book either stays or activities, or choose to combine them and make an experience-led trail.