GuestReady is a three year old company that allows shared-economy hosts manage their business on rental sites such as Airbnb. They have recently announced to raise $6 million.
The investment was supported by a Russian fund, backer Impulse VC which is backed by Roman Abramovich who is a billionaire Chelsea FC owner. However, other past backers also participated in the investment. This included Aria Group, Boost Hero4es and 808 Tech Ventures.
GuestReady is known to provide a property management platform to the owners that help them to handle the intricacies of working a shared-economy house. The company claims to cover more than 2000 properties in six different countries including Portugal, the UK, France, Malaysia, UAE and Hong Kong. As stated by Alexndar Limpert, CEO of GuestReady, Airbnb happens to be the ideal platform to work with. However, a major portion of the business is known to generate from Expedia’s HomeAway and Booking.com.
Limpert also added that the company’s annual booking volume is going to reach $50 million on a yearly basis. In the past few years, the company’s overall revenue collection have also tripled. Even the burn rate has reduced. However, he didn’t provide any specific figures.
Limpert said that this is by far the largest deal of the company. It is a strategic move to emerge as the market leader in Europe.
CEO GuestReady stated that, “quite a few conversations right now” over potential acquisitions.
He also added:
“We believe the market (for guest services) will consolidate.”
According to him there are many new companies that start out with promises. However, they struggle to reach the 50-100 properties under management.
He further added:
“they realise this is an intensive business without good processes and technology.”
Top 7+ Best Alternatives For Babahd
Introduction Now that everyone is stuck at home during the lockdown period, everyone is getting bored. Why not watch new...
300mbmovies4u (2020): List of 10 Alternatives
All You Need to Know About 300mbmovies4u Watching movies and television content is one of the best ways to get...
Moviezwap (2020): Top 5+ Similar Sites Like Moviezwap
Watching movies and series in free time is the best way to get relaxation. In a busy life, having entertainment...
9xMovies (2020): Top 20+ Legal Alternatives for 9xMovies
Hello! Are you in quest of a website from where you will be able to download your favorite films from...
Kuttyweb 2020: Gateway to all South Indian Entertainment Contents
Kuttyweb 2020: Gateway to all South Indian Entertainment Contents The requirement for regional content suppliers is enormous. With the arrival...
Presenting the new Pixel 4
Google has finally uploaded an image of Pixel 4 smartphone on Twitter which the company will be shipping from the...
Facebook will not be removing deep fakes of Kim Kardashian, Mark Zuckerberg and others from Instagram
According to the latest news, Facebook will not be removing any of the fake videos which feature the President of...
- Apps1 year ago
Makers of Fortnite Epic Games acquired teen chat application called Houseparty in a sudden deal
- Windows5 months ago
[Working List] Free Windows 7 Product Key for Windows 32/64 bit : Activation Methods
- Gadgets6 months ago
Google Assistance with a new feature to help you automatically remember where you parked your car
- Technology7 months ago
New Gaudi Artificial Intelligence training processor launched by Habana Labs
- Apps6 months ago
Twitter will be removing all the precise locations tagging in different tweets which of less use
- Startups6 months ago
Google finally announced their $1 billion which is their 10-year plan to add thousands of homes in the Bay area
- Apps1 year ago
Picture-In-Picture Mode To Be Introduced By Apple TV So You Can Stream Two Shows At Same Time
- Apps6 months ago
CEO of Fiverr to build “everything store fo digital service”