Headout, a US and India-based spontaneous experiences provider, has raised $10 Mn in a Series A funding round from Nexus Venture Partners.
Talking to Inc42, Varun Khona, co-founder and CEO, Headout, said that the funds will be used for launching services in 100 cities by 2019, expanding the team worldwide and investing in technology to further enable seamless last-minute mobile reservations for local experiences.
Founded in 2014 by Suren Sultania, Varun Khona, and Vikram Jit Singh, Headout is a managed marketplace helping travellers and locals access curated, high-quality local experiences available at the last-minute.
The company claims to be evolving the way people discover the world around them in three taps and currently serves 15 cities across three continents. Headout has offices in New York, London, Dubai, Bengaluru, and Berlin.
Jishnu Bhattacharya, general partner at Nexus Venture Partners, said, “We are thrilled to be partners in the journey of building the delightful headout experience, that today’s mobile users deserve for discovering and experiencing cities around the world.”
Headout: Plans With Latest Fund Raise
With a total funding of $12 Mn, Headout claims to have increased it revenues 8x in the last 12 months, with strong unit economics that helped it turn profitable this month.