Tripvillas started in 2009 as is an aggregator of holiday homes. It currently has 200k holiday homes on the platform across India and globally.
The key focus area is to build an audience for holiday homes. It has 25k listings in Asia and 150k listings in Europe. Europe listings are through property managers.
Tripvillas verifies each listing once a year. It is also setting up local service offices at destinations which it believes should help maintain the service quality standard; critical in the segment. The company may share 8-10% as commission to the agents. It plans to increase its ~25k listings in Asia to 300k in the next 3 years. Management believes that Asia will remain the core of the business even in the future. It also plans to sign-up with property developers (for example Lavasa) to increase supply.
