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The travel platform, which was launched in July 2016, has raised the funds from Earlsfield Capital, a UK-based venture capital firm.
Wandertrails has set an aim to build India’s largest network of experiential stays by 2020. It presently hosts over 5,000 experiential stays and what it calls immersive activities in 65 destinations across 12 states.
“We raised one million U.S. 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, Wandertrails.
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 believe this is the next iteration in travel and we are very positive they are building a strong business with great fundamentals.”
Travellers can select from a wide range of options, like homestays, treehouses, house boats, heritage homes, tented stays and boutique resorts. The company also offers activities like treks and adventure trails, culinary sessions, heritage walks, art trails, wellness sessions and cycling tours. Travellers can book either stays or activities, or choose to combine them.
Source: travelnewsdigest.in