Elenium Bets on Contactless Tech for Airports and Tourism: Travel Startup Funding This Week
Summary
Earlier this year, Etihad began using the startups self-service kiosks that check the temperature, heart rate, and respiratory rate of passengers in Abu Dhabi.Using biometrics, voice recognition, artificial intelligence delivered via Amazon Web Services, Eleniums solutions aim to reduce the need for a carriers crew to scan boarding passes or enter data manually.The pandemic has sped up its expansion into new markets across health, care for the elderly, workplaces, and event venues.>>Treebo Hotels, a budget hotel brand based in India, said said it has raised $6 million (around 45 crore rupees) in a new round of investment from its existing investors.Treebo has more than 600 hotels in 100 cities. It faces competition from brands like Oyo and Fab.Before the pandemic unfolded, Treebo had a strong growth trajectory, and we were well on our way to hit EBITDA {earnings before interest, taxes, depreciation, and amortization] profitability within this calendar year, Treebo Hotels co-founder Sidharth Gupta said in a statement.>>Zhongzhiyou Group, a smart travel system developer, has received about $1.4 million (about 10 million renminbi) in a Series A round of investment.The company sells information technology products to support the cultural tourism industry in China. CEO Yuki Hiratsuka leads the Tokyo-based company.Skift Cheat Sheet: We define a startup as a company formed to test and build a repeatable and scalable business model. Their funding rounds come in waves.Seed capital is money used to start a business, often led by angel investors and friends or family.Series A financing is typically drawn from venture capitalists. These fundraising rounds can assist in recruiting skilled workers and developing cost-effective marketing.Series C financing is ordinarily about helping a company expand, such as through acquisitions.