Headout, a company that helps travellers find and book tours, activities, events, and other local experiences, has raised $30 million in Series B funding led by Glade Brook Capital, bringing its total funding to $42 million.
Existing investors Nexus Venture Partners, FJ Labs, and 500 Startups, as well as a slew of startup CEOs and operators, including Swiggy CEO Sriharsha Majety, Postman CTO Ankit Sobti, and Pratilipi CEO Ranjeet Pratap Singh, took part in the round.
In September of last year, the startup raised $12 million in funding led by Glade Brook Capital.
Headout plans to use the funds raised to expand to 500 cities in the next 24 months, launch new domestic short-haul travel verticals, and develop new technology products to make real-life experiences immersive and affordable, according to the company.
It intends to hire aggressively for all roles and locations in order to accomplish this. It’s also on the lookout for acquisitions in the travel, entertainment, and augmented reality industries (AR). The company currently employs over 150 people and claims to have a “zero-layoff strategy” regardless of the current Omicron wave or any future disruption caused by the pandemic.
“With all of the previous raise still in our bank and our consistently profitable economics, we have all the firepower we need to focus on aggressive expansion worldwide and longer-term investments to aid broader recovery of all things IRL (in real life) experiences,” said Headout cofounder Varun Khona.
Founded in 2015, Headout is a mobile-first marketplace that offers managed travel experiences including tours, events and local activities to travelers in 30 cities across the world including New York, Las Vegas, London, Dubai, Rome, Singapore, Paris and Barcelona.
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