Expert Collections containing Nomadly
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Nomadly is included in 1 Expert Collection, including Travel Technology (Travel Tech).
Travel Technology (Travel Tech)
The travel tech collection includes companies offering tech-enabled services and products for tourists and travel players (hotels, airlines, airports, cruises, etc.). It excludes financial services and micro-mobility solutions.
Latest Nomadly News
Oct 5, 2015
Nomadly built personalized itineraries keeping frugal weekend travellers in mind. They negotiated good rates for luxurious homestays and heritage hotels. | TNN | Oct 5, 2015, 01.09 PM IST Highlights • Backpackers preferred homestays over hotels for great cultural experiences • The NIT Surathkal alumnus teamed up with Mohit Prakash and Rohan Prabhu to launch a travel startup Nomadly.in • The company is building a tech platform that can design a weekend getaway package Nomadly built personalized itineraries keeping frugal weekend travellers in mind. They negotiated good rates f... Read More BENGALURU: Sharath Iyengar wanted a quick escape from his routine to feed his wanderlust. After doing his first event management startup Whitespace35, Iyengar backpacked to Delhi, Amritsar and Kashmir as a frugal wanderer, discovering lesser-known places. He met many last-minute travellers on his road trip who told him they would have ideally liked some assistance in planning their itineraries. These backpackers preferred homestays over hotels for great cultural experiences and didn't want to be tied down to an itinerary. The idea rang a bell. The NIT Surathkal alumnus teamed up with his college senior Mohit Prakash and a former Google employee Rohan Prabhu to launch a weekend travel startup Nomadly.in in August last year. "I borrowed for eight months from my parents to figure out how the venture would shape up. They had my word on taking up a parttime job to pay my bills if things didn't work out," said Iyengar. As luck would have it, Nomadly raised Rs 1 crore from Nuventures' founders Venk Krishnan and Subba rao Telidevara in exactly eight months March this year. There was no looking back for Iyengar and team. "We rented a 1BHK apartment on New BEL Road, our first home-office to develop the product and technology," he said. Today they have rented an office space in Vasant Nagar. The founders of Nomadly have divided the responsibilities among them. Prakash was the content lead, Prabhu managed engineering piece, while Iyengar was in charge of business development. The product went through multiple iterations. "Nomadly was initially designed for international travellers who had similar pain points. But when we spoke to the experts in the industry , we realized that there was untapped demand in the domestic market," he said. Iyengar and team pivoted the entire business model in June this year to focus on domestic travel. Nomadly built personalized itineraries keeping frugal weekend travellers in mind. They negotiated good rates for luxurious homestays and heritage hotels that flew under the radar of many tour operators. The company is building a tech platform that can design a weekend getaway package including an activity planner dynamically in real-time based on the destination chosen. "We don't force a package on customers. On the vendor side, we had to understand their requirements. Homestays don't crash rates like hotels, and homestay owners have a preference for certain type of guests. You need to understand their sensitivities and sensibilities," Prakash said. The company is exploring partnerships with Neemrana Hotels that offers unique accommodations by restoring and revitalizing architectural wonders and converting them into heritage hotels. In less than 10 weeks of pivoting their business model, Nomadly has 40 unique properties, 2,200 unique visitors, 140 customers and 27 bookings. "The plan it to scale up to 400 properties and hit Rs 1 crore in revenue by January. We are also looking to raise a series A round next year," he said. RELATED More from The Times of India Recommended By Colombia More From The Times of India Recommended By Colombia
Nomadly Frequently Asked Questions (FAQ)
Where is Nomadly's headquarters?
Nomadly's headquarters is located at Bengaluru.
What is Nomadly's latest funding round?
Nomadly's latest funding round is Angel.
How much did Nomadly raise?
Nomadly raised a total of $150K.
Who are the investors of Nomadly?
Investors of Nomadly include Subba Rao Telidevara and Venk Krishnan.