NCR based bed and breakfast aggregator, Oravel has raised funding from VentureNursery’s Angels.
Oravel is focused on the short and midterm rentals space and is an aggregator of Bed and Breakfast, Private Rooms and Serviced Apartments which enables travellers to book clean, comfortable, affordable spaces. Oravel, which is primarily focussed on NCR region at present has over 4000 properties listed across metros and others parts of India. 20% of its properties are theme based and offer a unique stay experience to the guests.
Oravel was founded in 2011 by 18 year old Ritesh Agarwal, who comes from a family business background of Infrastructure. The company joined VentureNursery’s acceleration program in July, 2012.
Post funding, Manish Sinha of Gurgaon based Cinnamon Stays has joined Oravel as a co-founder. This round of funds will be utilized for team, technology and network expansion.
Given that AirBnB is currently active in India (in stealth mode) and building inventory, the space will see a lot of action in the coming days (there are quite a few regional service active now).