Thursday, 13 February 2014 00:00

Startup pitch: RoomnHouse targets alternatives in Asia and Middle East

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India-based RoomnHouse offers travellers alternate accommodation options by allowing private accommodation owners to list their properties on the site. These accommodation options could be a shared room, apartment, private room, boat/tree house, service apartment, villa, farm house, etc. The service is similar to the industry leader in this segment – Airbnb. RoomnHouse was founded in November 2012 by Amit Solanki and Rakesh Singh. It also received seed fund from Euphoria Ventures (the firm has also invested in tours and activities platform Thrillophilia) Singh believes this alternate accommodation market is massive since its largely an unorganized industry, and it is also growing very fast because of the lower price bracket. He estimates the marketsize of alternate accommodation at 15-20 % of overall travel market. When it comes to competition, RoomnHouse says they aren't aware of any established player in their focus market of South East Asia and Middle East. - Source and more information

 

 

Read 1188 times Last modified on Saturday, 08 March 2014 22:27
Kerry Slater

Kerry is a Senoir writer at fundedflow