Groups360
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2023 |
---|---|---|---|---|---|
Revenues | 2.9m | 2.9m | 7.3m | 9.6m | 12.2m |
% growth | - | - | 150 % | 32 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $5.0m | Seed | |
N/A | $500k | Seed | |
$50.0m | Early VC | ||
* | $35.0m Valuation: $250m | Late VC | |
Total Funding | AUD140m |
Recent News about Groups360
EditGroups360 is a startup that operates in the travel and hospitality industry, specifically focusing on group travel. The company offers a simplified and efficient platform for booking hotels and meeting spaces for groups. Their services are particularly beneficial for event organizers and businesses that frequently arrange group travel or meetings.
The company's platform, GroupSync, uses artificial intelligence (AI) to match search results to the user's needs, rather than paid placements. This means that the results are more tailored to the user's requirements, leading to a better overall experience. If users are flexible on location, GroupSync can suggest other options based on their search criteria, giving them more control and the ability to fine-tune their preferences for the perfect city and hotel fit.
Groups360 operates on a business model that focuses on simplifying the Request for Proposal (RFP) process, which is a business document that announces a project and asks for proposals from contractors. By simplifying this process, Groups360 has managed to cut the average RFP-to-contract time by more than 50%, making it faster and easier for clients to book their group travel or meeting spaces.
The company makes money by charging a fee for its services, which includes access to its platform and the use of its AI technology to find the best hotel and meeting space options for its clients.
Keywords: Group Travel, Hotel Booking, Meeting Spaces, Event Organizers, Artificial Intelligence, Tailored Search Results, Simplified RFP Process, Time-Efficient, User-Friendly, Travel Industry.