Travel startups hit a bumpy road amid restrictions due to COVID-19

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Consumer & Internet

Travel startups hit a bumpy road amid restrictions due to covid-19

24 Mar 2020

1 min read

There are over 3,000 travel-tech start-ups in this space currently and most are struggling to make sense of the impact the pandemic might have on their business. The travel market was worth $5.71 billion in 2015, and expected to reach $13.6 billion by 2021, according to a report by management consulting firm Praxis Global Alliance. But COVID-19 has come as a shocker for these start-ups. Most are less than five years old, and after having raised seed and Series A capital was in the middle of raising money for growth.

Featured business unit: Praxis Global Alliance

This article was originally published on Business Standard. Read more.

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Travel start-ups hit a bumpy road amid restrictions due to COVID-19 | PraxisGA