wordpress blog stats
Connect with us

Hi, what are you looking for?

Online B&B Booking Site Oravel.com Raises Seed Funding

An online short stay accommodation (bread and breakfast) site, Oravel.com, has raised seed funding from angel investors. Shravan Shroff, founder of Fame Cinemas, and Ravi Kiran, former CEO – South East & South Asia – Starcom MediaVest Group and angels Anand Ladsariya, managing director of Everest Flavours, Amit Patni, co-founder and chairman of Nirvana Venture Advisors and Bharat Banka, CEO of Aditya Birla Private Equity invested in the firm. The financial details of the funding have not been disclosed yet. Ritesh Agarwal, founder of Oravel, has informed MediaNama that the funding received will be used for marketing the service.

Oravel.com is an online short stay accommodation site that runs on the Airbnb.com model. Users can list their serviced apartments, botique properties and villas on the site and travelers can book the apartment or room from the website. However, Oravel claims that it currently lists only hand picked properties, based on quality of the apartment.

Current Listings: Currently, users from New Delhi, Noida, and Gurgaon can list their apartments on the website. At the time of writing this article, the website featured 62 listings from New Delhi, 22 listings from Gurgaon, and 3 listings from Noida. Presently, the company charges a commissions on converted bookings. It also provides a free photoshoot of the apartment and plans to keep it that way in the future.

Agarwal also informed MediaNama that the venture is completely legal in India and that the Bed and Brekfast Act-GOI (pdf) is being promoted largely by the Government (ads inside metro stations, Lonely planet etc). Agarwal said that eventually Oravel would like to work closely with the Government.

Oravel was founded in February 2012 by eighteen year old Ritesh Agarwal. The startup is incubated at Venture Nursery, a seven month old incubator promoted by Shravan Shroff, founder of Fame Cinemas, and Ravi Kiran, former CEO – South East & South Asia – Starcom MediaVest Group.

Other Developments

Advertisement. Scroll to continue reading.

We had previously reported that  Airbnb, a similar online room and space reservation business, had launched operations in India with a small team based in India, focusing on supporting Indian suppliers. At the time of writing that article we had reported that Airbnb was building supply, in preparation for the peak season, which is between October and January. They were doing around 400 bookings per month in Delhi NCR, over 1000 in Goa and over 600 in Mumbai. Apart from that, there’s also Bnb4delhi that helps market the other rooms.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

News

By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

News

By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ