Global adventure travel-tech platform Alienadv becomes cash flow positive with a GMV of $2.5Mn. Alienadv achieved this feat within 10 months of setting foot into the market. Bangalore and Frankfurt based travel-tech platform Alienadv announced that it has become cash flow positive
within 10 months of launch with a GMV of $2.5M. Founded by Ankit Jaini, Pallav Jaini and Kshaunish
Jaini (IIT Kanpur and BITS Pilani alumni), having previously worked at Credit Suisse, Goldman Sachs and Tata Group respectively, It is looking to tap into the largely ignored $263Bn+ global adventure tours and activities space.
It specialises in bringing unique adventures to travelers around the world with the ability of booking with top-rated local operators via a trusted platform. The platform has a healthy mix of both the usual and unusual adventures-from hiking Kilimanjaro on foot to summiting it on a mountain bike!
launched in mid 2016, Alienadv.com can be used to book 40+ different genres of adventures from over 300 curated local operators in 110 plus destinations across 11 countries. Since the launch, Alienadv has been consistently clocking over 60 per cent average month-over-month growth and has sent hundreds of customers every month from all over the world-mainly US, UK, Canada and Australia on experiences of a lifetime.
“The activities space is the last dinosaur standing in the travel market. Other segments (flights and hotels) have matured to a great extent but activities is still very fragmented.
“Our vision is to build a product which-one brings transparency-because there is a lot of information asymmetry currently with multiple prices offered for the same activities across operators, second, builds trust-because adventure travel involves putting yourself out there with the elements of nature and you want to ensure absolute safety and also because its difficult to trust local tour operator websites who ask you to wire $2000 to their bank accounts halfway across the world to book. And third, become the go-to for active travels across the globe”, says Co-Founder and Chief Executive Officer, Ankit Jaini.
The company has raised an undisclosed seed round, which in addition to them being cash flow positive, gives them a solid sustainable ground to scale the platform up aggressively.