Luxury travel is on an upswing and there is space for new players who can bring in innovative products and experiences. The Luxe Nomad is a new startup and the luxury traveling site has been founded by the renowned model Stephanie Chai. She is proving to be a successful entrepreneur as she has managed to close investment deals at Echelon 2012. The two day event just closed on June 12. The double track event had 1,100 delegates participating. The event functions like a startup marketplace with about 50 startups attending several workshops. The event has acquired the status of being the best startup event in Asia and more importantly it discovers the best startups in Southeast Asia on a large scale.
The Luxe Nomad has concluded a deal with Tigris Capital for a funding round. The Echelon 2012 platform facilitated the deal. The funding will be used to launch a travel flash sales service in the immediate future. The funding has been done by a consortium comprising of Tigris Capital and SPRING Singapore. Tigris Capital is known for investing in similar projects. They have also invested in PropertyGuru, Tickled Media and Game Venture. These projects have been successful in securing substantial funding with PropertyGuru securing a $60 million investment. Stephanie believes that a startup remains an idea and can grow only after it gets the required funding. She is excited that Tigris Capital and SPRING are backing her idea of changing the travel industry in Asia.
The regional travel space is witnessing a lot of exciting developments and the investment deal for Luxe Nomad is one of them. The acquisition and merger of Wego and Valadoo and upcoming startups like TripFlick and Flocations are keeping the industry warmed up. The Luxe Nomad is all geared up to provide stylish solutions to luxury travel needs. They have created a collection of luxury hotels and resorts in the Asia-Pacific region. The members of Luxe Nomad will have access to some exclusive rates which will be available for a limited time period. The site has the benefit of the services of travel experts who will look around and find unique destinations that are perfect escape.
