6 Travel Startups From 2015: Where Are They Now?

25.08.2023 - 14:18 / skift.com / Rashaad Jorden

Skift has published hundreds of stories on funding for travel startups since our launch in 2012, featuring Airbnb and tours and activities provider GetYourGuide among other companies in some of those early articles. We took our coverage even further three years later with a weekly roundup of startups that had received or announced funding from investors.

Since it’s been close to eight years after that first startup funding roundup, it’s time to ask, what happened to the six companies Skift featured on Feb. 19, 2015? So we’re taking a look at the trajectory of those startups after that article. We’ve listed the six companies we featured in the order of how much money they raised the week of that funding roundup.

Stayzilla, a Chennai, India-based startup for booking homestays and budget hotels that was founded in 2007, announced that week it had raised $20 million in a Series B round. It also raised another $14 million after its launch. But despite its success in raising funds, the company ceased operations in February 2017, with CEO and co-founder Yogendra Vasupal announcing it company had suspended bookings on its website and mobile app, revealing the company was unable to expand and break even. Stayzilla reported losses of $14 million against revenue of $2 million for the fiscal year ending in March 2016.

Vasupal’s vows to reboot Stayzilla under a different business model never got off the crowd as he was sent to jail in 2017 after defaulting on payments over $260,000.

PriceMatch, a Paris-based hotel revenue management startup, raised $9.1 million in a Series A round from Partech Ventures and Northzone. PriceMatch was acquired by the Priceline Group in 2015, which eventually folded PriceMatch into its BookingSuite set of software services for hoteliers. PriceMatch was renamed RateManager, which the Priceline Group made available to hotels worldwide. RateManager was shut down in spring of 2018.

BookingPal CEO and founder Alex Aydin said the vacation rental distributor used the majority of the $5 million it raised in a Series B round to invest in technology. He acknowledged the company, which launched in 2014, used only one property management system at the outset, which it used to connect a single property manager with one online travel agency.

Aydin said BookingPal now uses more than 80 different PMS providers, which he added he has helped the company distribute over 180,00 vacation rentals to 55 online travel agencies. BookingPal also raised $12 million in 2019, funding that Aydin said enabled it to expand beyond its initial markets of California, Florida and Hawaii to 48 states as well as 33 international markets, citing Mexico, France, and Italy among its biggest. He added the company has