London / Delhi, 15 May 2023 – Unravel, the company revolutionising the travel industry with its groundbreaking approach to discovery through short-form videos, has announced the completion of its seed round led by Corestrat Ventures, a US-based venture capital firm. Other participants in the round were Antler, Upscalers Ventures, Nodes Ventures, Hippo Ventures and prominent Angels with expertise in AI, Video Commerce and Payments.
Through its curated collection of short-form videos, Unravel users can embark on immersive virtual journeys, gaining authentic insights into local cultures, hidden gems, and must-visit attractions across the globe. Unravel’s user-friendly interface, coupled with its intelligent recommendation engine, ensures that travelers can effortlessly discover personalised travel experiences tailored to their unique preferences.
With a growing community of passionate users, Unravel is poised to redefine the way people plan and engage with travel, fostering a deeper connection between explorers and the world around them. Building on its successful seed funding, Unravel aims to utilise the newly secured capital to accelerate the development and expansion of its innovative travel discovery platform.
The company, through its B2B and B2C distribution channels, boasts a 25% increase in monthly active users and a 500% increase in revenue over the last six months. Furthermore, the company’s recent acceptance into the esteemed Plug & Play US cohort is a significant milestone and proof of its potential to become a leading force in the travel industry.
“We are thrilled to have Corestrat Ventures lead this funding round and support our bold vision of connecting discovery and booking in a single immersive and intuitive platform,” said Vijay Anand, Founder of Unravel. “For over two decades, our industry has left the burden of discovery on travelers. It’s time we made it fun, immersive and bookable.”
Joe Petillon, Partner at Corestrat Ventures, added that “as partners in Unravel’s journey to revolutionise the travel industry, we are proud to support this innovative and visionary company. We believe that Unravel’s unique approach will change the way people explore the world, and we are confident that Unravel will continue to grow and achieve remarkable success disrupting the travel industry.”
About Unravel
Unravel is a category-defining travel discovery platform that is revolutionising the way people explore and experience the world. It is the world’s first ‘Travel Shopatainment’ platform that drives immersive digital transformation and engagement with Gen Z travellers, via short format, shoppable videos. Powering over 2M of the world’s best hotels, vacation rentals, and activities worldwide, Unravel brings TikTok-like interactive video experiences to discover and book vacations seamlessly. Unravelapp.com
About Corestrat Ventures
Corestrat Ventures is a global analytics-driven venture capital company. It provides capital, entrepreneurial and smart analytics expertise to assist portfolio companies in growing into successful ventures. The team strives to combine the energy and invention of the founders adding the power of capital, an extensive network, and accelerator equivalent resources to give portfolio companies the maximum potential to succeed. corestratventures.com