Travela receives ICT Division’s iDEA Project grant | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
The Business Standard

Wednesday
September 27, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
WEDNESDAY, SEPTEMBER 27, 2023
Travela receives ICT Division’s iDEA Project grant

Corporates

TBS Report 
19 September, 2022, 12:15 pm
Last modified: 19 September, 2022, 12:25 pm

Related News

  • Garibaree.com a local bootstrap marketplace startup secures Tk50 lakh investment in just 6 months
  • Are Bangladeshi startups too dependent on Western models?
  • Time for a specific policy on startups in Bangladesh
  • Indian start-up lays off 90% staff for AI bot to focus on profitability
  • BYLC invests Tk12.4 million in 12 startups

Travela receives ICT Division’s iDEA Project grant

TBS Report 
19 September, 2022, 12:15 pm
Last modified: 19 September, 2022, 12:25 pm
Photo: Courtesy
Photo: Courtesy

Travela, a travel-tech startup from Bangladesh, has received a grant of Tk10 lakh from the Innovation Design and Entrepreneurship Academy (iDEA) project under the Bangladesh Computer Council (BCC) of the Information and Communication Technology (ICT) Division. 

Earlier in May this year, the startup raised Tk50 lakh in angel investment, reads a press release issued in this regard.

They are currently in talks with local and global investors to raise another fresh investment in their pre-seed round.

It has been a year since the inception of Travela, and it looks promising so far. They started their journey as an accommodation sharing platform. 

In a year of operation, Travela served around 3,500 bookings so far. The platform has over 600 properties listed, spread across six cities.

"At the beginning, we were just a local alternative for Airbnb. It was intentional. We took our time to understand our users, local market, and the actual need. 

"We listened to our users, homeowners and gradually introduced features and facilities, small iterations that, in a year, built a product that is better suited to serve the local market than any global giant," said Travela Co-founder and CEO Saad Rahman.

Echoing the same, Travela  Co-founder and COO Mir Ishtiaque Ahmed said, "We're leading the market in rental apartment segment, and seeing a steady growth. 

"We've also experimented with hotels and have seen an optimistic response, and now getting serious about hotels as well. We'll launch two more verticals in the first and second quarters of the next year respectively."

The company aims to empower homeowners and service providers, and help local economies directly benefit from travelers across the nation. "We are already seeing homeowners earning 3 to 4 times more than their usual rents by hosting their apartments on Travela. Besides that, we're building a program which will create income opportunities for our young generations." said Saad Rahman.

"I started hosting on Travela in October last year with one apartment in Dhanmondi. It was a side hustle for me. Now, I host three apartments in Dhanmondi and Mohammadpur, and earn ten times more than what I used to get as salary at my last job. 
"So I quit my job, and started doing this full time," said Mahady Hassan, one of the hosts of Travela.

Travela aims to expand its services to all the major cities of the country by the end of this year, added the release.

Startups

Travela / Startup / iDEA Project / ICT Division

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • BFIU suspends 21,725 MFS accounts over online gambling, hundi
    BFIU suspends 21,725 MFS accounts over online gambling, hundi
  • Foreign Minister Dr AK Abdul Momen speaking at a views-exchange meeting organised by the Bangabandhu Foundation in New York's Bangladeshi-dominated Jackson Heights on 26 September. Photo: UNB
    Bangladesh-US ties 'outstandingly cordial' but some trying to inject bitterness: Momen
  • Tourism master plan aims to attract 5.57m tourists annually by 2041
    Tourism master plan aims to attract 5.57m tourists annually by 2041

MOST VIEWED

  • US dollar banknotes are seen in this illustration taken on 10 March 2023. Photo: Reuters
    Taka weakens even further
  • The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016. REUTERS/Reinhard Krause
    Fitch now rates Bangladesh's foreign debt outlook negative
  • Experts say Dhaka has at least 18 times more than the population it can actually support. Photo: Rajib Dhar
    DAP relaxes floor area ratio, planners raise concerns over Dhaka's livability
  • Bangladesh Bank Governor Abdur Rouf Talukder. Photo: Collected
    Global Finance's report card: Why Bangladesh Bank governor got D. Who got A+?
  • US dollar banknotes are seen in this illustration taken on 10 March 2023. Photo: Reuters
    Cenbank unaware of US restriction on ACU, seeks info from RBI
  • Why Biman struggles to overcome pilot shortage
    Why Biman struggles to overcome pilot shortage

Related News

  • Garibaree.com a local bootstrap marketplace startup secures Tk50 lakh investment in just 6 months
  • Are Bangladeshi startups too dependent on Western models?
  • Time for a specific policy on startups in Bangladesh
  • Indian start-up lays off 90% staff for AI bot to focus on profitability
  • BYLC invests Tk12.4 million in 12 startups

Features

More than 86 lakh Bangladeshis went abroad as migrant workers in the last 14 years, according to BMET (Bureau of Manpower, Employment and Training). Naturally, these workers return to Bangladesh at some point to settle down. Photo: Syed Zakir Hossain

Why migrant workers have a hard time back at home

7h | Panorama
What impact will a forward forex rate have?

What impact will a forward forex rate have?

8h | Panorama
India-Canada clash should be a wakeup call

India-Canada clash should be a wakeup call

1d | Panorama
It is highly unlikely that inflation rate is going to come down soon. PHOTO: TBS

No more central bank loans to the govt: Will it be enough to curb inflation?

1d | Panorama

More Videos from TBS

Nafees Iqbal removed from team role on Shakib's request

Nafees Iqbal removed from team role on Shakib's request

1h | TBS SPORTS
Fitch rates Bangladesh's foreign debt outlook negative

Fitch rates Bangladesh's foreign debt outlook negative

5h | TBS Economy
How dependent is Canada's economy on India?

How dependent is Canada's economy on India?

20h | TBS World
IMEC; Is the main objective to stop China?

IMEC; Is the main objective to stop China?

19h | TBS World
EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]