TheLuxeNomad.com closes USD 699,640 in funding

19 Aug 2013  2036 | World Travel News

SINGAPORE - Members-only, luxury travel booking portal, TheLuxeNomad.com, has secured USD 699,640 of new funding to both strengthen the company's lead in the Asian travel market and support its regional expansion plans. The fundraising round was led by Innosight Ventures, the venture arm of global innovation and strategy consulting firm, Innosight, with participation from Japanese investors, Zipan Enterprise Network.
Launched in July 2012, TheLuxeNomad.com entered the USD 554 billion Asian travel market with the innovative concept of offering flash sales and best available rates for luxury hotels, resorts and villas.
Founded by model-turned-entrepreneur, Stephanie Chai, the site appoints celebrities and known personalities to review partner hotels and destinations. Leveraging off the aspirational nature of celebrity travels, the celebrity quotient of the site has helped the start-up garner sizeable publicity which in turn aided in its swift brand build-up.
-- 34 percent monthly revenue growth -- TheLuxeNomad.com has achieved an average 34 percent growth on monthly revenue within the last ten months.
-- Over 200 hospitality partners -- The start-up has tripled its inventory with over 200 partnering hotels and resorts spanning across Asia-Pacific and Europe.
The additional financial backing will allow TheLuxeNomad.com to expand its team and hotel inventory across the region, as well as invest in technology to innovate and transform the way people plan and book their holidays.

Sourced: TravelDialyNews

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