Camp Site Aggregator Deyor Camps Raised US$500K Angel Funding
Camp Site Aggregator, Deyor Camps running under Deyor Adventures Pvt. Ltd, has raised US $500,000 (about INR 3.34 crore) in funding from early-stage investment firm Udaan Angel Partners and angle investors such as Nitin Passi, Manickam Mahalingam, Rajesh Arora and Arkas Industries.
In July, Deyor Camps had raised an undisclosed amount of funding from Naspers-backed Travel Boutique Online (Tech Travels Pvt. Ltd).
Camp Site Aggregator Deyor Camps was founded in January-2016 by Dheeraj Jain, Chirag Gupta, Himanshu Agarwal, Aakaar Gandhi and Gautam Yadav in Gurugram then Gurgaon, the company provides alternative accommodation such as tents, cottages and tree houses through its mobile application and website along with booking location-based adventure activities.
“We list our adventure activities as value-add services on our platform and are expecting to see a similar traction as we have seen for our campsite bookings,Deyor Camps is a meta distributor of activities wherein each activity provider updates details about their activities, pricing and timings ensuring 100% live inventory is maintained,” said Gupta.
A team of 10, Deyor Camps targets to service more than 25,000 travelers and is looking to partner with more alternative accommodation properties and activity organizers, with number of travelers growing at a month on month rate of 51% said the company. Deyor Camps is a cash positive entity.
Deyor Camps has signed three-year exclusive contracts with 100 main campsites across 45 locations at places like Rishikesh, Coorg, Lonavla and Manali. It targets to have 300 campsites by the end of the year. Deyor also aims to enter the south and South-east Asian markets.
“Operating in a monopolistic nature in this sector, Deyor Camps is a technology platform, which makes booking camping trips as simple as booking a hotel room, hence, structuring a highly fragmented sector,” said Jain in a statement.