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Headout raises $30 Mn led by Glade Brook Capital

Travel experiences app Headout has raised $30 million in Series B round in addition to the $12 million raised in September last year, bringing the total round size to $42 million.

The round was led by Glade Brook Capital with the participation of existing investors Nexus Venture Partners, FJ Labs and 500 Startups, among others.

The funds will be used to accelerate its journey to $1 billion in annual sales by expanding to 500 cities in the next 24 months, launching new verticals for domestic short-haul travel, said Headout in a press release.

Started by Vikram Jit Singh and Varun Khona, Headout is a managed and a mobile-first marketplace that actively standardises, upgrades and curates experience provided by its partners.

The platform claims to have boarded over 10 million people from more than 190 countries.

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