Waylo
Book a hotel today at a steep discount with Waylo's lowest predicted rate of the future.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Waylo operates as a technology company in the travel sector, specifically focusing on hotel booking. Founded in 2016 by Angik Sarkar, the company developed an AI-based chatbot designed to predict hotel price fluctuations. This platform aimed to identify optimal booking times for travelers, recommending when to purchase to secure lower rates.
Angik Sarkar, the founder, possesses a strong technical background with a PhD in Electrical and Computer Engineering from Purdue University and an undergraduate degree in Electrical Engineering from the Indian Institute of Technology. His professional experience includes a role as a Senior Software Engineer at Intel Corporation. Sarkar's motivation to start Waylo stemmed from his own experiences as a frequent traveler and the desire for a more streamlined, conversational booking process. He envisioned a service where a user could simply state their travel needs and have the booking handled, which led to the development of the chatbot.
The core of Waylo's service was a proprietary algorithm that utilized machine learning to forecast price drops for hotel stays. Users could interact with the service, initially through a chatbot on Facebook Messenger, to track prices for specific hotels and receive notifications when prices decreased. The business model centered on providing users access to discounted hotel rates, with the company taking on the risk associated with the price predictions. The platform was designed to show prices that were competitive against other hotel booking sites. On April 24, 2017, Waylo secured an undisclosed amount in a Seed funding round from investors including Boost VC, Founders Factory, and The Journey. The company was later acqui-hired by eDreams ODIGEO.
Keywords: hotel price prediction, travel technology, AI chatbot, hotel booking, price drop alerts, machine learning travel, Angik Sarkar, conversational commerce, travel deals, hotel discounts, online travel agency, booking optimization, eDreams ODIGEO, Boost VC, travel bot, predictive analytics