Hostmaker, who are partners with Airbnb helping them arrange the hospitality management services like cleaning services, check-in services, full Airbnb management, linen hire services, etc.
An initaitive by Nakul Sharma, Hostmaker has managed to close a funding deal of $2 million (Rs 13.2 crore), led by a consortium of new and existing investors, including early-stage venture capital firm DN Capital and Deepak Shahdadpuri-led DSG Consumer Partners. Other investors include Avala Capital, Delivery Hero co-founder Nikita Fahrenholz and former Airbnb India and Middle East Managing Director Mohit Srivastava.
The funds from this seed round of funding will be used majorly towards product enhancements and launching the second phase of its expansion plans to other European capitals. Hostmaker currently operates in London, Barcelona and Rome, and claims to to serve about 5,000 guests every month with a satisfaction rate of 90% currently.
Nakul Sharma, founder and chief executive of Hostmaker, says,
“We’re going to be in Paris and a couple of more European capitals over the next six months. We will also be investing in operations, technology, while bringing dynamic pricing to Airbnb homes. The uncertainty of not knowing what you are going to get, is still a hurdle for many to book a home on Airbnb. Hostmaker’s aim is to bring hotel-quality consistent standards to homes across the world, without losing the uniqueness of the homes themselves”
This startup enables Airbnb hosts, along with other homeowners, who offer short-term stays to holidaymakers and business travellers, to offer a high-quality service to guests, with housekeepers and concierges, while also helping the host to improve their listing, in order to get an increased number of bookings.
Along with the above facilities, Hostmaker also offers a fully managed option where they provide end-to-end services, which involve setting up of the listing, responding to enquiries, setting prices and managing yield, presentation of the home before the guest arrives and managing guest experiences.
They are currently managing Airbnb services in Europe, but in near future Nakul aims at considering Asian markets especially the major urban areas like Mumbai, New Delhi and Bangalore.