Tag: Trip Planner

  • ScoutMyTrip: Helping You Plan Those Memorable Road Trips!

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by ScoutMyTrip.

    Road trips have a different charm altogether. Stopping by to click photos, trying local food on the way, and those endless chit-chats—what could be more endearing? The experience gets even better and hassle-free when there is proper guidance for making the most of one’s trip: what to see on the way, where to refuel, where the nearest viewpoint is, etc.

    ScoutMyTrip, a Mumbai-based startup, is doing exactly this. The startup plans the nitty-gritty details of your road trip to make it a cherishable experience. Here’s all you need to know about ScoutMyTrip, its founders and team, startup story, business and revenue model, funding and investors, name, logo,, competitors, advisors, challenges, future plans, and more.

    ScoutMyTrip – Company Highlights

    Startup Name ScoutMyTrip
    Headquarters Mumbai
    Founders Deepak Ananth and Vineet Rajan
    Sector Travel and Tourism
    Founded 2016
    Parent Organization ScoutMyTrip Private Limited

    ScoutMyTrip – About
    ScoutMyTrip – Industry Details
    ScoutMyTrip – Founders And Team
    ScoutMyTrip – Startup Story | How It Began?
    ScoutMyTrip – Name And Logo
    ScoutMyTrip – Business Model and Services
    ScoutMyTrip – Revenue Model
    ScoutMyTrip – Funding And Investors
    ScoutMyTrip – User Acquisition
    ScoutMyTrip – Startup Challenges
    ScoutMyTrip – Competitors
    ScoutMyTrip – Advisors And Mentors
    ScoutMyTrip – Awards
    ScoutMyTrip – Future Plans

    ScoutMyTrip – About

    It is a road trip planner which conflates human intelligence with artificial intelligence to help plan the perfect road trip for individuals. ScoutMyTrip works for all sorts of outings, from short weekend travels to long excursions.

    With artificial intelligence, customers can create an itinerary containing the information necessary for their road trip—gas stations, toilets, restaurants, hotels to stay in, and points of interest. The human intelligence aspect brings in the ability to personalize the information as per one’s needs.

    ScoutMyTrip envisions making road trips the preferred means of vacation.  

    An industry first product has been introduced where a Scout (travel expert for the specific region) is virtually assisting the customer throughout the journey (before and during the trip). The Scouts give you the regional flavor and make one’s holiday joyous. We call this ‘Mark and Embark’! Our team is hard at work in building great tech and striving for customer delight each time.

    ScoutMyTrip – Industry Details

    As far as the market is concerned, the road-tripping industry is a subset of a much larger travel domain.  

    “Our total addressable market is pegged at $6.6B with 33 million leisure road trips in one calendar year. This is growing at a very fast rate and we expect it to double in 3 years time. Globally, this market stands at $100B which is really what we are after; but we want to establish ourselves well in the subcontinent which is why we have started operations in Nepal and Bhutan as well” says Vineet.

    ScoutMyTrip – Founders And Team

    Deepak Ananth and Vineet Rajan are the founders of ScoutMyTrip.

    Deepak Ananth & Vineet Rajan, ScoutMyTrip Founders
    Deepak Ananth & Vineet Rajan, ScoutMyTrip Founders

    Deepak Ananth

    Deepak Ananth is the CEO and Co-founder of ScoutMyTrip. He is an Electronics graduate and had been in the corporate space for a really long time, his last assignment being with Verifone as a Director for South-East Asia. Ananth is also known as a storyteller, who loves to travel and sip on fine scotch and old monk. Ananth has a Royal Enfield 500cc bike, and his favorite trip is from Mumbai to Shillong and back.

    Vineet Rajan

    Vineet Rajan was the Co-founder and CMO (Chief Marketing Officer) of ScoutMyTrip. Vineet is a Computer Science graduate and has an MBA. Vineet has been involved with various startups throughout his career, and currently works as a Marketing Leader at SAP. After leaving ScoutMyTrip in April 2021 as an Advisor, Rajan joined Shop101 as the Head of Marketing Communications & Organic Growth. Vineet left the Co-founder position of the company in June 2020 and then remained an Advisor for the company before stepping down from that too.

    Deepak and Vineet met each other during a road trip organized by a bikers’ club they were part of. They also held official positions in one of the most sought-after Royal Enfield groups. This gave them a chance to collaborate in non-professional capacities. Their thoughts resonated since both wanted to do something unique in the domain of road trips, thus deliberating over possible ideas in 2015.

    In terms of workload, Deepak has been responsible for the overall strategy and public relations while Vineet looked into the marketing and sales segment. Soumen Bhowmick serves as the Head of Business Development.

    Neeraj Sinha was the CTO and used to manage everything to do with tech. Neeraj Sinha worked at a prestigious company, with excellent remuneration and an experience worth mentioning, but he left all of it just because of his love for travelling, which was fulfilled when he joined ScoutMyTrip after working for around 14 years with the same organisation. Though his father was in the Railways, he had seen the real struggle, as per several interviews, where he stated that his father was left with hardly any money in the middle of the month. This was what drove him away from the government sector jobs, thereby placing him in the private sector. Neeraj started with some odd jobs like that of the EDP Operator but he eventually pursued an MCA degree from IGNOU, and then he never looked back. Sinha soon joined Sopra Steria, then known as Xansa, as a Software Engineer in 2002.

    In 2015, we had started talking about putting our collective experience of road tripping so many kilometers into a tech product which can help other travelers. So a ‘road trip’ called ScoutMyTrip began! Building a work drives us – and that is the common area of interest for us. Our team sticks with us; because of the independence we give them in their working style. We measure results; and not the means.  

    ScoutMyTrip – Startup Story | How It Began?

    Both Deepak and Vineet happen to be road trip aficionados. It was this love which inspired them to conceive ScoutMyTrip with a view to guide road-trippers on making the most out of leisurely travels.

    We picked this idea because both of us love road trips. Having road tripped on the iconic Royal Enfield bikes in India with over 600,000 kilometers between us; we decided to build a solution that will help people road trip better. Because not everyone will have the knowledge of roads as we would do.

    While maps have been the traditional go-to for navigational requirements, ScoutMyTrip is building a new category in road trip planning. The ideation process for ScoutMyTrip started back in late 2015.

    ScoutMyTrip has been designed after taking suggestions from men and women consumed by wanderlust (not limited to bikers) and scouts to make the product more customer-centric. The product’s features are the results of the feedback from more than 500 fellow travelers and Scouts. The ScoutMyTrip team carried out a survey involving over 1000 people (including individuals not too inclined towards travelling) to cover every possible scenario. This is imperative given the dynamics of the decision-making process when it comes to travelling. The team also reached out to members of various travel clubs in India. The intimate discussions with these travel communities have been pivotal in onboarding travel experts for helping others.

    Some of the first people we spoke to about ScoutMyTrip were all kicked. From investors, the biking community, travel forums and everyone around. We did, however, get a sense that we would have to establish ourselves very quickly; and hence we started seed funded the company in 2016.


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    Since the startup emphasized having seasoned travelers help plan trips, it wanted to have the essence of a ‘guide’ in its name. After much consideration, the name ScoutMyTrip was finalized for it captured this essence through ‘Scout’.

    ScoutMyTrip Logo

    The Logo shows an inverted magnifying glass and signifies a bird pecking when seen straight (birds usually symbolize freedom). The road in the center is symbolic of travelling. The three colors represent the brand’s values—community, safety and fun.

    A lot of thought has gone into the logo. A good friend Kirtee understood our requirements and came up with that effective logo. We still sometimes joke about how much we troubled her for the logo but wherever we go, we get great feedback on the logo and that is always music to the ears of any founder.


    Success Story of Ithaka- A trip planner for your Holidays
    Ithaka Startup Success StoryStartup NameIthakaHeadquarterMumbai [https://startuptalky.com/mumbai-startups/]FoundersRahul Singh & Mithilesh SaidSectorTravel Planning AppFounded2015ParentOrganizationTraveljunkie SolutionsAbout IthakaTravel Market in IndiaFounders of Ithaka and TeamHow was Ithaka…


    ScoutMyTrip – Business Model and Services

    ScoutMyTrip is a freemium product. Customer can sign up for free on the website and can plan their road trips using the planner for a lifetime. The planner allows the user to add 25-way points (Google allows you just 10) on their route. It suggests places to stay and eat, gas stations, and things to do—all under one platform.

    Customers can choose to pay a premium in case they would like assistance with their planning. They are then assigned Scouts who help not just in building itineraries but also by providing virtual assistance throughout the trip.

    ScoutMyTrip from the beginning has followed a very community-centric approach. Be it a community of travelers or that of Scouts. It’s always about the people with technology which revolves around it. Scouts are the key differentiator for us. We’re a marketplace of travel experts who curate the best on the road experiences.

    ScoutMyTrip has partnered with travel experts and individuals from different parts of India. These skilled individuals know the local haunts, have adequate knowledge about different places to visit and are the best people to reach out to for a well-planned road trip. ScoutMyTrip has a reach all over India and also services Indian travelers visiting Nepal and Bhutan.

    The company has scaled quite a few times – from being just another travel agency to doing marketing campaigns for travel brands and now fully focusing on helping people plan awesome road trips.

    Itinerary Created by ScoutMyTrip
    Itinerary Created by ScoutMyTrip

    ScoutMyTrip – Revenue Model

    ScoutMyTrip has a well-planned revenue model and earns revenue from the following sources:

    • Hiring a Scout: When a traveler contacts an expert (Scout), ScoutMyTrip earns a percentage of the planning fee. The rates vary from Rs. 2000 to Rs. 9000 and can go up to Rs. 50,000 for custom trips and itineraries.
    • Platform integrations: The planner can be integrated with other travel websites for a wholesome user experience.
    • Corporate tie-ups and group tours: ScoutMyTrip has been successfully doing this for more than a year now and has organized over 500 group road trips for individuals and corporate houses.
    • Road trip packages: Once the trips are planned, the ScoutMyTrip Experience team bundles the following as part of the package:

      – Hotel bookings

         – Self-drive cars and taxis

         – Guides

         – Roadside assistance/insurance


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    Taxidio Startup Success StoryStartup NameTaxidioHeadquarterMumbai [https://startuptalky.com/mumbai-startups/]FoundersVishal Kejariwal & Abhas DesaiSectorTravel and TourismFounded2015ParentOrganizationTaxidio Travel India Pvt. Ltd.About TaxidioTourism Industry DetailsFounders of Taxidio and Team…


    ScoutMyTrip – Funding And Investors

    ScoutMyTrip raised seed funding from Z Nation Lab in April 2017.

    Funding Date Funding Stage Funding Amount Investors
    April 2017 Angel Round Undisclosed Z Nation Lab

    ScoutMyTrip – User Acquisition

    ScoutMyTrip was launched for insider access or closed beta in October 2016. It got its first 5000 signups in one month and there has been no looking back ever since. ScoutMyTrip had incidentally launched its blog much before the website came into existence. This allowed the company to build communication with its target customers. Through its blogs, the team was able to expound the vision for its product to an eagerly awaiting consumer base.

    Content marketing has been a driver for ScoutMyTrip. The company has approximately 90 % of its users coming through social media platforms powered by influencers already a part of the ScoutMyTrip community. Word of mouth publicity also has been a good contributor for ScoutMyTrip with around 10% of user acquisition from this stream.

    The majority of spending by ScoutMyTrip in the marketing space are on Facebook and Instagram advertising. A lot more time is vested on SEO and building great content which markets itself.

    ScoutMyTrip takes pride in being a content-driven brand and has taken ownership of three intellectual properties to keep in touch with its focus group—the travel enthusiasts.

    • The Great Indian Food Trip: The Great Indian Food Trip is an exploratory drive-by ScoutMyTrip through the hinterlands of India for rediscovering some of the most iconic and largely lost gems of Indian cuisine.
    • The Highest Blogger Meet: The idea here is to take influential bloggers from different walks of life to the highest motorable roads in the world. On those roads, ScoutMyTrip hosts a blogger meet, setting a record in terms of altitude each time. The last successful attempt was at Khardung La in partnership with OYO Rooms.
    • #AageSeRight: A viral sensation on Instagram that is common amongst road trippers. AageSeRight is a Hindi phrase used as a response when asking for directions; ScoutMyTrip was able to create a medium of brand recall through this hashtag.  

    SuccessStory Of Guiddoo, a platform that helps you discover and book in destination experiences across 15 countries.
    Guiddoo HighlightsStartup NameGuiddoo WorldHeadquarterMumbai[https://startuptalky.com/mumbai-startups/]FounderVineet Budki, Nidhi Varma, Prashant Choudhary, Biswajeet KarmakarSectorTravelFounded2014Registered EntityNameGuiddoo World Travels Pvt. Ltd. Guiddoo – IntroductionGuiddoo – Industry De…


    ScoutMyTrip – Startup Challenges

    Deepak and Vineet had the most modest upbringing, belonging to middle-class Indian families. Deepak had been working in corporate roles (at senior positions in reputed companies) for over 20 years before ScoutMyTrip. Vineet had an entrepreneurial mindset throughout his career but his only brush was by being a member of an established startup. As a result, launching a startup was no less than a challenge due to lack of prior experience as told by Vineet.

    Whether such a platform would find a place and apprehensions about them treading the right path plagued the founders in the initial phase.  

    Our families were very supportive. Parents who heard us out asked the right questions and then wholeheartedly supported us, spouses who stood by us, ready to fight the same battles along with us, helped to make our minds up, much easier.    

    ScoutMyTrip – Competitors

    As Vineet says, the biggest competitors are the airlines and railways, which make up for over 80% of all travel spends in India. Google Maps is a formidable opponent given its reach and popularity when it comes to navigation.

    Globally, ScoutMyTrip faces resistance from Road Trippers and Furkot, which are slowly building their presence in India. Desi competitors include Easy Roads and Highway Delite. However, the highly experienced Scouts associated with ScoutMyTrip are its USP and the major differentiator from its competitors.

    We are different in terms of us being a very community driven space where our Scouts are the USP to ScoutMyTrip. We encourage road trips for everyone and plan it keeping in mind the likes of our customers.

    ScoutMyTrip – Advisors And Mentors

    ScoutMyTrip’s investor, Z Nation Labs, is also its primary mentor.

    We get great support, industry connects and advice from the leadership team of Z Nation labs which includes Amit Jain, Anup Mehta and Neha Jain.  

    After being incubated by NASSCOM’s 10,000 Startups initiative and the Maharashtra State Innovation Society, ScoutMyTrip is getting regular support from its team as well.

    ScoutMyTrip – Awards

    ScoutMyTrip has had its fair share of recognition including the recent incubation by NASSCOM’s 10,000 startups initiative. The honors bestowed on ScoutMyTrip in 2019 are:

    • April 2019 – Selected as one of the Top Startups by NASSCOM as part of the 10,000 Startups Program.
    • March 2019 – Recognized by Startup India / DIPP.
    • February 2019 –Winners of the Maharashtra Startup Week by the Govt. of Maharashtra.
    • January 2019 – Entrepreneur India listed ScoutMyTrip as the top 50 startups to watch out for in 2019.
    • July 2019 – ScoutMyTrip won the Conquest 2019 startup challenge by BITS Pilani which opened new doors in terms of partnerships and investor connections.
    • August 2019 – ScoutMyTrip was invited by DIGITARAYA x tiket.com accelerator programme for expansion into SE Asia.
    ScoutMyTrip Founders Receiving Award at Maharashtra Startup Week
    ScoutMyTrip Founders Receiving Award at Maharashtra Startup Week

    Earlier Awards include being chosen as one of the top 20 travel tech startups by FICCI in 2017, Top 10 startups in India (Silicon India), and many more.

    ScoutMyTrip – Future Plans

    ScoutMyTrip has received a positive response from the traveler community; it has partnered with reputed brands to maintain the flow. Over the last two years, ScoutMyTrip has been aggressively improving its Scout and agent network to service the ever-increasing customer requirements. The company’s business partners include Treebo Hotels, OYO, Agoda, Booking.com, MyChoize self-drive cars, Mahindra & Mahindra, and Honda Cars India to name a few.

    Over the next 1-2 years, ScoutMytrip is looking at consolidating the Indian market where there is a churn in the making as observed by its team.

    For its long-term vision, ScoutMyTrip aspires to be present in every aspect of a road trip. The ScoutMyTrip team has christened this plan as ‘Dashboard to Dhabha’, where the idea is to integrate ScoutMyTrip into cars to make it easier for car owners to conceive a journey. This comprises showing recommendations of other roadtrippers, real and live assistance from Scouts all over the country, detours to explore the countryside, and other provisions. This shall enable ScoutMyTrip to create an extensive database which would then be used to provide up to date, real-time information in assisting holidaymakers.

    After spending a week in Indonesia understanding the travel and tourism industry, the co-founders are considering expansion into a new market next year. They are in discussions with partners to venture into the SE Asian markets and provide a full suite of services not limited to hotels, flights, and last mile connectivity for trips.

    It is hard to navigate through the maze and there is a long way before we as a country make it simpler for startups. And advice is not easy to come by, we had to learn a lot of it ourselves- Vineet Raja


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    FAQs

    Who are the Founders of ScoutMyTrip?

    Deepak Ananth and Vineet Rajan were the founders of ScoutMyTrip. Rajan left the company in 2021.

    What is ScoutMyTrip?

    It is an Indias trip planner, which conflates human intelligence with artificial intelligence to help plan the perfect road trip for individuals. ScoutMyTrip works for all sorts of outings, from short weekend travels to long excursions.

    What is ScoutMyTrip Business Model?

    ScoutMyTrip is a freemium product. Here, the customers can sign up for free on the website and can plan their road trips using the planner for a lifetime. The planner allows the user to add 25-way points (Google allows you just 10) on their route. It suggests places to stay and eat, gas stations, and things to do—all under one platform.

    Who are the competitors of ScoutMyTrip?

    The ScoutMyTrip competitors include:

    • Google Maps
    • Road Trippers
    • Furkot
    • Easy Roads
    • Highway Delite

  • Ithaka Travel- Your Personalized Trip Planner

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

    There is a breed of travelers, who hates the one size fits all travel packages. Those, who want to explore places at their own pace, rather than rushing through the hyped sites of a destination. For those who prefer their holidays to be planned with a personal touch over any auto-generated itinerary, there is Ithaka. This Mumbai based platform plans your trips just the way it fits you best with the assistance from experienced travelers.

    Know more about Ithaka Startup Story, Founders, Business Model, Funding etc., in the article ahead.

    Ithaka – Company Highlights

    Startup Name Ithaka
    Headquarter Mumbai
    Founders Rahul Singh & Mithilesh Said
    Sector Travel Planning App
    Founded 2015
    Parent Organization Traveljunkie Solutions

    Discover more about Ithaka:

    About Ithaka and How it Works
    Travel Market in India
    Founders of Ithaka and Team
    How was Ithaka Started
    Ithaka – Name and Logo
    What is Ithaka
    Ithaka – Revenue Model
    Ithaka – Funding and Investors
    Ithaka – User Acquisition
    Ithaka – Startup Challenges
    Ithaka – Competitors
    Ithaka – Growth

    About Ithaka and How it Works

    Ithaka was launched as an in-destination experience booking website. Today Ithaka is a chat-based travel planning app, that covers destinations from Thailand, Bali, Europe, UAE, Singapore, Malaysia and Turkey. The Ithaka app is available for both Android and iOS.

    Our vision is to build a seamless ecosystem for travel. We want to take ownership of your travel experience from the first spark of inspiration, to the very last day of your trip, we want to stay involved, keep it personal and help you every step of the way.

    Ithaka is a free travel planning platform focused on travelers who want to plan and execute their own trips and don’t want to book a pre-made package.

    Ithaka is helping travelers through the 3 most important parts of trip planning:

    a. Discovery – Through product features that mirror users’ behavior online (first shortlist by a visual stimulus, matching by preferences, etc)

    b. Decision Making – Driven by influencers and a smart product which understands ‘good travel choices’ (anchors, time to catch transport, is the trip rushed, etc)

    c. Trip Management – Beautiful, detailed itinerary which can be booked in part or full with a single click in-app with real-time costing

    On Ithaka, you would connect over chat with a Travel Influencer who’s been there done that. You can seek validation around your ideas and find all the answers you seek or if you are someone who is too busy to plan the trip you could get your whole itinerary planned to the very minute details. The Influencer and the product help you structure the whole trip plan and gives you detailed information that will ensure a smooth travel experience.

    Along with that, you can do all your bookings (flights, hotels, activities, visa, forex) through the app as well, ensuring you are sorted end to end.

    We believe that travel is the best way to break down barriers between people. If we can help more people travel to newer places and experience them well, we would have played our part in moving the world towards a more unified, harmonious future, and that’s a vision worthy of anyone’s life’s work. There is a need for one product to be the anchor app of their trip. Ithaka is trying to do just that and define how the next generation of travel looks like.

    Ithaka has pivoted twice

    • From the experiences booking platform to chat based travel planning in 2015.
    • In 2018  the company pivoted from in-house travel experts to a community of Travel Influencers to help people plan trips. This shift allowed Ithaka to be more scalable.

    Travel Market in India

    According to UNWTO, the Indian outbound travel market is going to grow to 50 million travelers by 2020. Out of this, the leisure travel market is 30%. Ithaka is catering to the Indian Millennial travel audience which is around 5 million travelers by 2020. The average spends by an Indian traveler on an outbound trip is about $800. The rough market size Ithaka is dealing in is $4 billion right now.

    Travel is going to change fundamentally in the next 5 years as a new batch of youngsters enter the job market and have the disposable income to go out and explore the world. Their needs and ambitions while traveling are going to be quite different than what we see now. The overall market will keep increasing. Many profitable businesses can emerge in the thriving travel market in India.

    Ithaka Services

    Founders of Ithaka and Team

    Rahul Singh and Mithilesh Said are the founders of Ithaka.

    Ithaka Founders
    Rahul Singh and Mithilesh Said – Founder, Ithaka

    Rahul Singh is the CEO of Ithaka. He is an IIT Bombay, 2012 grad. He worked at Gulf Talent, a Dubai based market leader job portal for the Gulf region with over 1 million users a month. started off as an Analyst and worked across Product, Operations, Sales, Marketing before becoming the first Product Manager there.  Rahul was CPO at Ithaka till March 2019. He took over as the CEO when Ameya Sahasrabudhe left Ithaka.

    Mithilesh Said is the CTO of Ithaka. He is  Mumbai University, 2014 graduate.  He started off at a services company called Genii that got acquired by Practo. One of the best techies in the Mumbai circle, he is amazing at designing tech solutions and has built the Ithaka product from the ground up.  

    Ithaka’s current team size is 30.

    Ithaka’s work culture is centered around freedom and ownership and a love for travel. The team is empowered to independently execute projects and drive impact led by strong direction from the founders. The best part is that the employees can work from anywhere they want, so a lot of folks sometimes travel and work.  

    As long as work gets done, everyone has the freedom to manage their personal lives. Everyone has to travel internationally once a year and there’s a specific trip fund budget for each person. We have done this so that people can be close to travel and feel the problem that they are solving.


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    How was Ithaka Started

    Ithaka was started by Rahul Singh and Ameya Sahasrabudhe. Rahul and Ameya were friends from IIT Bombay. Both of them loved traveling and the inspiration to startup Ithaka came from their own travels. They saw that there was a specific need for discovering things to do and booking it online, especially in South East Asia. To validate it, they did a pilot run in Bangkok to see if people are interested and it came back positive. So they went about creating the first prototype: a mobile website for booking things to do and launched it in the market. That is where they first got the inspiration for a chat-based travel planning model.

    While trying to sell activities and in-destination experiences to travelers on the ground, the Ithaka team noticed that there are many people who keep asking for travel advice. This made the team come up with the idea of a chat-based travel planning app.

    We added a chat widget to the website. Interestingly we also started seeing more bookings as we helped more travelers on the chat which convinced us that there is a big business to be made out of this.  

    Ithaka’s name is inspired by an illustrated poem by Constantine P Cavafy. This poem talks about how the journey is rewarding and the destination doesn’t matter and that’s the core spirit of Ithaka as well – to drive experiential travel that impacts a traveler’s life.

    Ithaka Logo

    Since the poem was about a sea voyage and that’s also related to travel, Ithaka’s logo is also made as a boat.

    Ithaka – Revenue Model

    Ithaka is free for travelers.

    Ithaka earns revenue through Itinerary bookings that travelers do after they plan it with Influencers: these are bookings of experiences, hotels, flights, transport, etc. We have partnered with various operators to process these bookings and make commissions on them.

    Soon Ithaka will be experimenting with a new monetization model where travelers will have the option to avail premium concierge services to make their bookings in the most optimized way for their route, budget and preferences.

    Ithaka – Funding and Investors

    Ithaka has raised 2 rounds of funding.

    Funding Date Funding Stage Funding amount Investors
    July 2016 Angel $325K Angel Investors
    November 2018 Seed Undisclosed Thomas Cook

    Ithaka is the only travel tech company funded by Thomas Cook India.

    Thomas Cook sees us as a major strategic play in building for the millennial travelers of India. Post-funding we have gained a lot of insight into the travel space that we lacked before. We have also started giving forex and visa services which we couldn’t before. And of course, the capital infusion has accelerated our growth path.    


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    Ithaka – User Acquisition

    Ithaka was able to attract its initial set of customers organically, through social media. As said by Rahul, Ithaka spent zero money on getting its first customers. Ithaka spread awareness about its services in the Facebook groups where travelers were already discussing questions around their trips.  Ithaka team also posted heavily on Quora to gain its first customers.

    Content marketing, SEO and also word of mouth publicity has worked quite well for Ithaka.

    If you have built a product that is truly valuable for the users, you grow organically. Our first 10,000 users came primarily from word of mouth of existing travelers.

    Ithaka – Startup Challenges

    The biggest challenge faced by Ithaka was while pivoting from in-house travel experts to the community of travel influencers for planning trips.  It was a difficult phase for the company. However, the Ithaka team solved it by being lean and experimenting at a small scale.  The company started with just 3 Travel Influencers which it got from the existing traveler base.  

    We first ensured that the traveler experience wasn’t suffering due to this shift from travel experts to travel influencers, and then we scaled it slowly while making the product better.

    Ithaka – Competitors

    For the Ithaka team, the plan is not to compete at all but to create the most connected travel eco-system ever built.

    There are many apps for travel planning like Tripoto, Klook, Trip Planner and Travel Triangle which are competing with Ithaka. However, all these apps have their own USPs. Ithaka is even partnering with companies like Thomas Cook, Klook, etc. to bring the best of booking experiences to travelers on the app. For the Ithaka team, Airbnb has always been a source of inspiration.  

    What Ithaka primarily helps with is deciding what to do e.g. if a traveler is going to Europe, which cities will be the best for him. Where should he stay, what are things to do which he should not miss out on. There are no travel companies like Ithaka which help travelers make these crucial decisions and plan their trip properly.

    Ithaka – Growth

    The growth milestones achieved by Ithaka are-

    • Helped over 50,000 travelers.
    • The company has grown about 5 times in 2018-2019.
    • The company is doing great in terms of customer relationship management. Its NPS(Net Promoter Score) is 70.
    • Currently, Ithaka is live for 14 destinations across the world.

    In the next 2 years, Ithaka plans to be live for any destination in the world and would expect to be growing 100x from the current scale.