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Thrillophilia is making experiential travel mainstream

Travel by no means is a small industry for Indians. The country is brought up on the lure of the annual pilgrimage to a new destination each summer when the schools close for vacations. Be it visiting family and friends in new towns or high end travel to other countries, we are willing to spend money for it. A survey commissioned on behalf of Trip Advisor goes on to say that Indians will spend more on vacations this year and within the next 20 years the number of Indians flying abroad would peak six times the current figure.

But how does it connect with the three year old Bangalore based Thrillophilia and its co-founder Abhishek Daga? Avinash Raghava and I had a freewheeling chat with Thrillophilia to find out about them. Read on the excerpts:

What is Thrillophilia? 

Thrillophilia is a three year startup in the adventure travel space. They focus on solving the pain point of finding and experiencing unique activities and things to do in India. Enabling adventure seekers to move beyond the hotel-as-a-destination to experience what the region has to offer by focusing on itineraries as exciting as kayaking in Goa to walking tours in old city of Mysore.

How did it all start?

Travel had always been a passion for Abhishek and his co-founder Chitra. Who would then seek to travel and explore new destinations in and around Karnataka owing to their Bangalore jobs. But the problem they faced while planning for getaways was beyond finding the right destinations extending to seeking right vendor.

What began as a simple blog in 2009, Thrillophilia concentrated on providing content on ‘what to do’ based on their own experience and recommendations. With enough content and traction on the blog they slowly evolved Thrillophilia by 2010 as a side project with a small team consisting of sales leads. The initial focus and traction came from corporates and bigger brands who were now routinely seeking offbeat experiences for their team building efforts. Thrillophilia seemed to fit in perfectly with its offering.

Enter 2011 Abhishek mentions about breaking even, the entire efforts up until this point had been self funded. With a cash positive nature of their business they also raised angel funding from an NRI investor to help with the growth.

Where is Thrillophilia right now?

Abhishek claims 200% year on year for their startup with 400 tours and 500 experiences live right now with another 1000+ coming up in the next few months. Even though corporates still dominate that number is fast decreasing as the offering and the focus shifts from a B2B to a B2C product. For Indians the most popular destinations tend to be in Goa and Karnataka whereas for the international travelers Rajasthan and Kerala catch their fancy.

Thrillophilia recently launched a market place to get vendors under an umbrella banner and increase the product offering, a move which could be beneficial for the repeat customers on the platform. With nearly 600 vendors onboard Thrillophilia is aiming to meet the milestone of 30,000 travelers and 3500 experiences in the current year. Ground based travel is what dominates the offerings, but water based experiences still matter at 12% with airborne activities coming at 3% on Thrillophilia.  


Next on target?

With a dedicated scout team to help match and vet the outdoor offerings, Thrillophilia will spend the coming time to strengthen its marketplace offerings with the vendors many of whom are still standalone operators relying on voice/sms for their business. The other efforts will go towards online campaigns over social media and repeat customers.

Competition in the space

To say Thrillophilia is the sole startup building a product in the travel space would be wrong. The experiential travel space is heating up with competition coming from Delhi based Travel Triangle and TLabs backed iExperience with GSF-500 Startups backed Tushky all adding their healthy mix of spin to the sector.

Hope you give Thrillophilia a spin for your next adventure holiday. I for one am definitely pinging Abhishek for recommendations for my kayaking holiday!

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Profit from Price, Always – The Bootstrapped Story of RateGain

This is part of our “Podcast with a Product Entrepreneur” series. Do check out the 30 minute podcast!

His first fling with business was a video game exchange, while at school. Coming from a family of entrepreneurs, the question was never about the “Why”; it was only about the “When”. A computer science and finance graduate, his stint with Deloitte saw him starting up with a technology consulting business that later led him to this technology product idea.

Meet Bhanu Chopra, the Founder and CEO of RateGain – a B2B price comparison SaaS product for the travel industry –  as he talks about starting up, go-to market strategies, the CNBC Award, challenges and some priceless advice for all software product entrepreneurs.

In business, Bhanu has demonstrated tremendous agility by making quick decisions. His initial idea of a price comparison website focused on the US market, quickly morphed into a B2B offering, given the challenge of marketing to US out of India. Then by licensing technology and acquiring a few beta customers, he not only validated the idea, quickly, but also generated revenues for reinvestment.

Bhanu advocates a Go-To market approach built on two parameters:-

  • Power of a Brand built on thought leadership, where Bhanu humbly accepts being “late in the game”
  • Sales Structure customized to the channel and prospective customer personas

 

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Straddling across the hospitality value chain with RateGain, Bhanu sees tremendous opportunities for existing products as well as newer products on pricing optimization using Big Data and predictive analytics.

Also an angel investor, Bhanu recognizes the tremendous passion amongst product entrepreneurs but highlights the imperative to persevere and think about the global market. While the team is critical, he concedes that team building would always be a challenge for product companies in India, given the latency of IT services in influencing engineering talent.

We conclude the interview with Bhanu mentioning two of his favorite product companies – Google and ….. – an awesome data visualization company that is just about to IPO on NASDAQ. If you haven’t guessed the name, do listen to the podcast.

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I didn’t have a Job, when I graduated. But, I was clear about Entrepreneurship – The iXiGo Story

It was an early December late afternoon that Avinash and I got together to interview Aloke Bajpai, the Co-Founder and CEO of iXiGO – one of India’s most loved travel websites. Whether you are trying to save an extra rupee by comparing air fares across portals or planning your next trip with that saved money, Aloke’s iXiGO will GO with you.

As I sat in the reception area waiting for Aloke and Avinash, a board with many yellow colored A4 size posters caught my eye. It was actually a timeline that told the story of iXiGO. Starting from 2006, the sequence of posters talked about the many successes iXiGo achieved over the years. It looked easy. Or was it? It was time for the real behind-the-posters story.

Listen to Aloke’s story(Podcast) of perseverance as he describes his tumultuous iXiGO journey in this exclusive podcast brought to you by the good people at ProductNation.

Aloke’s fling with entrepreneurship began in a business plan competition while he was still studying electrical engineering at IIT Kanpur. It took the 2000 dotcom bubble burst to get him onto the conventional job path.  Starting a career with Amadeus – a European technology travel company – Aloke realized in a few years that work wasn’t exciting. He says, he was done with code. And as he puts it, he took the “Indian Solution” of doing an MBA.  It was at INSEAD that he decided to take a serious shot at entrepreneurship taking courses pertaining to entrepreneurship and was lucky to find an iXiGO advisor in his Professor – Patrick Turner.

Aloke’s stints at Amadeus and INSEAD seem scripted, for it is here that he met his co-founders Rajneesh (Amadeus and IIT Kanpur) and Yash (INSEAD).

In the podcast, Aloke talks in a free spirited way about how one fine day – he just left his job. A quick move to Gurgaon was followed by figuring out what to really do and how iXiGO came about. He shares how his INSEAD batchmates seeded the idea on good faith and how a brave trip to Singapore got them their first serious investor – William Klippgen. This after their idea had been politely refused many times over (read as no response) by a number of angels and VC’s. Hear from Aloke the sense of exultation when they did get their first smart money.

Good times don’t last long so much so for the King of Good Times. The 2008 credit crisis and a renegade potential investor almost brought iXiGO to the brink. iXiGO not only survived but grew stronger since none of the employees left after the consensual 50% pay cuts. iXiGO’s business model was validated during that time as travelers were looking for best deals using price comparison.

These days iXiGO is busy with the Travel Planner. Aloke describes how the idea came about and how they leveraged a set of early adopters to fine tune their market offering?

When it comes to team building, Aloke’s been a success. He stresses the importance of being transparent, involving the team in creating and owing new initiatives and gives some sound reasons why each employee needs to read all customer feedback. This man is sure going places.

Don’t miss the podcast. The secret is right there. If you have a 55 minute car drive, look no further, you have got the perfect companion – Aloke Bajpai of iXiGO on your car music system. Just in case, you don’t, check out the iXiGO trip planner for some 55 minute drive options.