‘Massive under-supply of rooms in India is a huge opportunity for platforms like us’
Fragmentation of the short-terms stay market and the large market size of it in early 2000 was the reason Yogendra Vasupal started in travel industry. Vasupal believes that his venture will grow 500% yearly for the next 4-5 years. Vasupal attaches great value to ideology and philosophy. Explaining his success mantra, Vasupal said, “My success mantra is to have strong first principles with respect to ideology and philosophy, and then having the patience, persistence and consistence to follow through.
The current time is very opportune for travel start-ups in India. “Currently, the environment is very conducive for travel startups. The massive under-supply of rooms in India is a huge opportunity for platforms like us that get people to open up their homes and become hosts. As a country of 1.2 Billion people, we have lesser number of star category rooms than a Singapore.Also, the still unsolved problems in exploring and planning is a huge opportunity,” said Vasupal.
As regards funding for travel start-ups, “Funding for travel start-ups has gone through multiple cycles of upswing and downswing. We are currently in an upswing,” said Vasupal.
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