This free sheet contains 100 accelerators and incubators you can apply to today, along with information about the industries and stages they generally invest in.
This free sheet contains all the information about the top 100 unicorns, including their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
This free sheet contains all the information about the top 100 unicorns, including their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
This free Notion document contains the best 100+ resources you need for building a successful startup, divided in 4 categories: Fundraising, People, Product, and Growth.
There are a lot of things to consider when building a new startup - where to get funding, how to validate your idea, and what features should the product have.
One of the challenges is finding a market that is willing to pay for your solution without even knowing what it is yet.
However, 90% of startups will fail and shut down.
In this article, you can find 9 failed Travel startups as well as analyses on why they closed down.
Information about the industries, stages and countries they generally invest in.
Get the Sheet for $50
Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50
Desti was a traveling and mapping iPad app that used AI to help planning a trip. Although users found it useful, they ended up booking on other platforms.
Details of the startup:
Founders:
Imri Goldberg, Mosi Shuchman, Nadav Gur
Country:
United States
Industry:
Travel
Started in:
2011
Closed in:
2014
Nº of employees:
1-10
Funding Amount:
$1M-$10M
Specific cause of failure:
Bad Business Model
You can read more about their failure here.
Dopplr was a social travel network service. In 2009, Nokia acquired it for $20 million and the number of Dopplr users fell since then until shutting down.
Details of the startup:
Founders:
Dan Gillmor, Lisa Sounio, Marko Ahtisaari, Matt Jones, Taneli Tikka
Country:
United States
Industry:
Travel
Started in:
2007
Closed in:
Active
Nº of employees:
1-10
Funding Amount:
No Data
Specific cause of failure:
Acquisition Flu
You can read more about their failure here.
HotelsAroundYou was an India service centered on last-minute and short stay bookings. They weren't capable of raising more money and had to shut down.
Details of the startup:
Founders:
Animesh Chaudhary, Harsha Nallur, Mohsin Dingankar
Country:
India
Industry:
Travel
Started in:
2013
Closed in:
2017
Nº of employees:
1-10
Funding Amount:
< $1M
Specific cause of failure:
Competition
You can read more about their failure here.
RoomsTonite was a last-minute hotel booking app for people traveling to India. They raised $1.5M in funding but the money didn't arrive and they shut down.
Details of the startup:
Founders:
Suresh John
Country:
India
Industry:
Travel
Started in:
2014
Closed in:
2017
Nº of employees:
100-250
Funding Amount:
$1M-$10M
Specific cause of failure:
Lack of Funds
You can read more about their failure here.
Stayzilla was a successful homestay network that raised $33.5M in funding. Their operational costs were too high and they were losing money every year.
Details of the startup:
Founders:
Rupal Yogendra, Sachit Singhi, Sachit Singhi, Yogendra Vasupal
Country:
India
Industry:
Travel
Started in:
2005
Closed in:
2017
Nº of employees:
250-500
Funding Amount:
$10M-$50M
Specific cause of failure:
Lack of Focus
You can read more about their failure here.
Utrip was a travel planning startup that used AI to create personalized itineraries. Keeping the recommendation engine alive was too much for them.
Details of the startup:
Founders:
Gilad Berenstein, Yair Berenstein
Country:
United States
Industry:
Travel
Started in:
2012
Closed in:
2019
Nº of employees:
10-50
Funding Amount:
$1M-$10M
Specific cause of failure:
Mismanagement of Funds
You can read more about their failure here.
WOW Air was the Icelandic answer to RyanAir for low-cost air travel in Europe. The cause of failure was that they wanted to become too big too fast.
Details of the startup:
Founders:
Skuli Mogensen
Country:
Iceland
Industry:
Transportation
Started in:
2011
Closed in:
2019
Nº of employees:
50-100
Funding Amount:
No Data
Specific cause of failure:
Multiple Reasons
You can read more about their failure here.
Onepagetrip was a travel itinerary sharing community. Not having a plan to make money from the beginning was a stupid rookie mistake.
Details of the startup:
Founder:
Ana Santos
Country:
Australia
Industry:
Travel
Started in:
2014
Closed in:
2015
Funding Amount:
$0
Specific cause of failure:
Bad Business Model
You can read more about their failure here.
Gene founded VacationBird, a marketplace for finding your vacation rental. It was an early version of Airbnb and a VRBO competitor. Having a misalignment of incentives between co-founders and poor planning were the main causes to shut it down in 2012.
Details of the startup:
Founder:
Gene Maryushenko
Country:
United States
Industry:
Travel
Started in:
2011
Closed in:
2012
Funding Amount:
$0
Specific cause of failure:
Lack of Experience
You can read more about their failure here.
