Oravel Raises Seed Funding

Oravel, a New Delhi, India-based online marketplace for short-stay accommodation, has raised a seed funding.

The amount of the funding was not disclosed.

Backers include Shravan Shroff and Ravi Kiran, the promoters of the incubator Venture Nursery, and a group of eight angels including Anand Ladsariya, Amit Patni, and Bharat Banka.

Founded in February of 2012 by Ritesh Agarwal, and incubated in Venture Nursery, Oravel is a social marketplace for people to discover, and book accommodations around the world — online or from a phone.
According to the company’s website, the marketplace currently features over 3,500 listings across India with over 10 million more than 200 nights booked.



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