Summary:
Exoticca, a Spanish startup, has raised €60 million in Series D funding to expand its platform that simplifies booking multi-day tour packages.
Exoticca connects flights, hotels, meals, transfers, transportation, and local companies, offering cost savings of up to 30% compared to traditional travel agents.
The company has more than doubled its sales year-over-year since 2015 and operates in multiple countries.
Exoticca focuses on "value for money" and targets a middle-class and upper-middle-class customer base.
The company differentiates itself from competitors like Tourlane by offering real-time pricing and a comprehensive package approach.
Exoticca's expansion plans include Latin America, the Middle East, India, and China.
Exoticca: A Game Changer in the Travel Industry
The travel industry is constantly evolving, with new technologies and platforms emerging to make planning and booking trips easier than ever. But one area that has remained largely untouched is the world of multi-day tour packages.
Exoticca, a Spanish startup, is changing the game by offering a digital platform that allows users to book complex travel itineraries, including flights, hotels, meals, transfers, and local activities. This simplifies the booking process for travelers and offers significant cost savings, with Exoticca claiming reductions of up to 30% compared to traditional travel agents.
Exoticca's success is evident: the company has more than doubled its sales year-over-year since 2015 and currently operates in the United States, Canada, United Kingdom, France, Germany, Spain, Mexico, and Colombia. Their latest funding round of €60 million from investors like Quadrille Capital, All Iron, and ICF will fuel further expansion into Latin America, the Middle East, India, and China.
Exoticca's CEO, Pere Vallès, explains the company's approach: "We’re bringing a model that is more digital, that allows us to sell these types of products online, that is more flexible, but has also some big advantages when it comes to cost and price."
The company focuses on "value for money", targeting a middle-class and upper-middle-class customer base. 75% of their business comes from the U.S. and Canada, with their headquarters based in Barcelona.
While Exoticca's competitor, Tourlane, operates more like a marketplace, Exoticca differentiates itself by offering real-time pricing and a comprehensive package approach.
Exoticca's success story highlights the growing demand for digital travel solutions that cater to diverse needs and budgets. The company's commitment to innovation and expansion positions it as a key player in the future of travel.
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