Flying Taxis and Loyalty Tech: 6 Travel Startups Raise $100 Million

It’s been a slow start to the year for travel startup funding. That pace likely won’t last, however. There were multiple record-breaking funding rounds in 2024 as travel software companies aim to consolidate the industry through M&A. Stakeholders expect that activity to continue through 2025. 

So far this year, six travel startups have raised just over $100 million.

Oyo: $65 Million

Oyo, the budget hotel operator and aggregator, raised $65 million. 

The capital came from Redsprig Innovation Partners, a fund led by Oyo CEO Ritesh Agarwal, increasing the company’s valuation to $3.79 billion ahead of a planned IPO.

The company in August raised a series G…