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Headout secures $10M funding from Nexus VP & others

With this, the company has raised a total $12 million until now.
BY BEx Bureau
BusinessEx
Jul 13, 2018

New York-headquartered Headout, founded by Varun Khona, Suren Sultania and Vikram Jit Singh, has raised $10 million from existing investors Nexus Venture Partners and Version One Ventures.

With this, the company has raised a total $12 million until now.

Headout is a managed marketplace helping travellers and locals access curated local experiences in 18 cities around the world. It has offices in Bengaluru, San Francisco, London and Berlin.

Headout plans to use the funds raised to expand to 100 cities by next year and grow its technology and business teams apart from launching new verticals.

"Until this year, Headout was available to users only in English but the company has now launched services in French, German and Spanish in select markets and is on course to have all its experiences available in 12 languages by the end of 2019," Khona told TOI.

He also said that Headout's revenues has grown 8x over the last year with strong unit economics that has helped it turn profitable in July.

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