Company lists
The Goa edition · 2026

Travel and hospitalitycompanies in Goa

Hotels, tour operators, adventure, car & bike rentals, buses & airlines and more: the companies building travel and hospitality in Goa, with their founders, funding, team size and business models.

89 company profiles15 with reported revenue1 with recorded fundingOctober 2026 edition
Goa · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent travel and hospitality business events in India

Funding, M&A, contract wins and launches involving 6,511 travel and hospitality companies in India, last 24 months: 217 Contracts · 103 M&A deals · 23 funding rounds · 16 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractSupply

Abb · client: Cochin shipyard

Technology company ABB has won a contract from India's Cochin Shipyard to supply power and propulsion systems for two electric harbour tugs being built for Polestar Maritime.

Marine
ContractSupply

Transrail lighting · client: Na

Transrail Lighting, a leading engineering, procurement and construction (EPC) company, has secured fresh orders worth ₹575 crore, further strengthening its presence across the…

Infrastructure
M&AAcquisition · Announced

Pro CLB Global acquires K Globes Digital Media

Pro Clb Global has signed a memorandum of understanding (MoU) for a strategic investment and potential acquisition of K Globes Digital Media, signalling a push into higher-growth digital…

Digital Media
ContractService

Lemon tree hotels · client: Sparsh

Lemon Tree Hotels has announced the mutual termination of its franchise agreement with Sparsh Inn LLP. The agreement, originally signed on 10 May 2024, was intended for the use of the…

Hospitality
ContractService

M/s. Sparsh Inn LLP · client: Lemon tree hotels

Lemon Tree Hotels Limited has officially communicated the mutual termination of a Franchise Agreement executed on May 10, 2024. This agreement was with M/s. Sparsh Inn LLP and concerned…

Hospitality
ContractInfrastructure

Klm · client: Amsterdam Airport Schiphol

Amsterdam Airport Schiphol and KLM have signed an agreement to relocate KLM's cargo and catering operations, clearing prime real estate at Schiphol Centre for new aircraft stands, a…

Aviation / Cargo
M&AAcquisition · Completed

Chalet hotels acquires Seasons hotels

Chalet Hotels has completed the acquisition of 100% of the Equity Share Capital of Seasons Hotels. Consequently, the said entity has become a wholly-owned subsidiary of the Company.

Hotel
ContractMaintenance

Brahmaputra Infrastructure · client: NHIDCL

Brahmaputra Infrastructure Limited has been declared L-1 for a Rs. 25.78 crore short-term road maintenance contract on the Pailapool–Hangrum corridor in Assam, awarded by NHIDCL under…

Government Highway Maintenance
ContractSupply

Schwing stetter · client: Nimbus group

Nimbus Group has procured advanced boom placers from Schwing Stetter for its flagship residential project Nimbus The Arista Luxe located along the Noida Expressway.

Construction
M&AAcquisition · Announced

Catalyst Partners Middle East (CPME) acquires Eih

Egypt’s first listed special purpose acquisition company, Catalyst Partners Middle East (CPME), has launched due diligence to fully acquire precious metals investment and consulting firm…

Precious metals investment and consulting
M&AAcquisition · Announced

Hyderabad Metro Rail acquires L&T Metro Rail

Hyderabad Metro Rail Limited (HMRL) has signed a Share Purchase Agreement with Larsen & Toubro Limited and L&T Metro Rail (Hyderabad) Limited (LTMRHL) to acquire 100% equity shares of…

Metro Rail / Infrastructure
M&AAcquisition · Announced

Hyderabad Metro Rail acquires L&T Metro Rail (Hyderabad) Limited

Larsen & Toubro (L&T) has announced the complete divestment of its stake in L&T Metro Rail (Hyderabad) Limited for a consideration of ₹1,461.47 crore.

Construction/Metro Rail
M&AAcquisition · Completed

Chalet hotels acquires Seasons hotels

Chalet Hotels has successfully completed the first tranche of its acquisition of Seasons Hotels Private Limited, officially making it a subsidiary of the company.

Hospitality
ContractService

Thales · client: Air india

Air India has signed a 10-year agreement with Thales for its FlytCARE services package, covering line maintenance, spares, repairs and logistics management support for inflight…

Technology
ContractService

Hughes network systems · client: Air india

Hughes Network Systems announced that Air India has selected the Hughes In-Flight connectivity solution to deliver a consistent Wi‑Fi experience using a common connectivity platform…

ContractSupply

Tata motors · client: Aisats

Air India SATS Airport Services Private Limited (AISATS) has ordered 21 electric airport passenger coaches from Tata Motors

ContractService

Panasonic avionics · client: Air india

Panasonic Avionics has secured a major agreement with Air India to provide comprehensive maintenance and support for the airline’s in-flight entertainment (IFE) systems across 74 aircraft.

ContractService

Panasonic Technical Services · client: Air india

Panasonic Avionics Corporation (Panasonic Avionics) has today announced that Air India has selected Panasonic Technical Services' (PTS) Total Care Package to maintain the airline's…

Aviation
ContractSupply

Kernex microsystems · client: PCMM Office, Patiala

Kernex Microsystems (India) has been awarded a significant contract valued at ₹67.53 crore, inclusive of GST, by the PCMM Office, Patiala.

FundingTerm loan and working capital facility

Imagicaaworld entertainment

Imagicaaworld Entertainment Limited has announced the execution of financing agreements totalling Rs 65 crore with Axis Bank Limited and IDBI Trusteeship Services Limited.

Investors Axis bank, IDBI Trusteeship Services Limited
Entertainment
M&AAcquisition · Completed

Savills acquires Hotelivate

Global real estate advisory firm Savills has acquired majority stake in Hotelivate, a leading hospitality advisory firm with presence across South Asia, at an undisclosed amount.

Hospitality Advisory
LaunchQuality Inn Gurgaon

Suba hotels

Suba Hotels Limited proudly celebrates its Founder's Day on April 7, marking a defining milestone in its growth journey with the launch of 7 new properties across India.

Hotel
ContractSupply

Banaras Locomotive Works · client: Kernex microsystems

Banaras Locomotive Works, Varanas, has awarded an order valued at Rs. 91.12 crore (Incl. GST) to Kernex Microsystems (India) Limited for the Supply, Installation, Testing and…

Railway Equipment
M&AAcquisition · Completed

Adani airport holdings ltd acquires Skyiwave

Adani Enterprises Ltd on Monday said its wholly-owned subsidiary, Adani Airport Holdings Ltd (AAHL), has acquired a 100 per cent stake in out-of-home (OOH) advertising firm Skyiwave for…

OOH advertising and media solutions
ContractService

Haeco · client: Air india

March 13, 2026 Air India Taps HAECO For Shanghai Widebody Line Maintenance HAECO has signed a contract with Air India to provide line maintenance services for its widebody fleet at…

Aviation Maintenance
ContractSupply

Oriana power · client: Kesari

The EPC contract for Kesari Alloys Private Limited involves a 16 MW solar project with a 10 MWh BESS capacity, valued at ₹74.34 crore.

Renewable Energy
ContractInfrastructure

Sugs Lloyd · client: Konkan railway

SUGS Lloyd Limited has secured an engineering, procurement and construction (EPC) order worth Rs 6.39 billion from Konkan Railway Corporation Limited.

Power transmission and distribution, smart grid, power infrastructure
M&AMerger

AirAsia (India) Pvt. Ltd. (now AIX Connect Pvt. Ltd.) acquires Air india express

Further, AirAsia (India) Pvt. Ltd. (now AIX Connect Pvt. Ltd.) has merged with Air India Express Ltd., and Tata SIA Airlines Ltd. (Vistara) has merged into Air India Ltd,

M&AAcquisition · Announced

Ms. Priya Paul acquires Apeejay Surrendra Park Hotels

Apeejay Surrendra Park Hotels has announced that its Director and Promoter, Ms. Priya Paul, has acquired 18,200 equity shares of the company. This acquisition represents 0.00853% of the…

ContractService

Indian hotels · client: Gulshan Group

The company has signed Indian Hotels Company (IHCL), the country's largest hospitality company, to manage this project comprising a 150-key luxury hotel, 74 apartments and one penthouse.

Travel and hospitality companies in Goa, by funding and team

Few travel and hospitality companies in Goa publish revenue, so this list compares what is on record instead: recorded equity funding, team size, revenue model, age and stage. The 50 companies below lead on recorded funding and team size among 89 active companies.

Showing 25 of 50

Operator of passenger airlines

Passenger airlines
US$9.33mSeries A · Mar 2024
238LinkedIn · Jul 2026
Fee-for-service
4 yr2022
0none in 3 months · last posted Jun 2026

Luxury 5 star hotel

Hotels
—None recorded
3,048-0% 12 mo to Sep 2024recorded Sep 2024
Renting / leasing
45 yr1981
0none in 3 months

Operator of women's safety, assist, and deter tourists from venturing into the ocean

Tour operators
—None recorded
775-2% 12 mo to Aug 2023recorded Aug 2023
Advertising / Commission on transaction
18 yr2008
0none in 3 months

Owns & operates hotels and resorts

Hotels
—None recorded
256-3% 12 mo to Sep 2024LinkedIn · Oct 2026
Advertising / Commission on transaction
39 yr1987
0none in 3 months

Resort provides bungalow accommodations, restaurant, bar, retreats, and beach access

Hotels
—None recorded
375recorded
Commission on transaction / E-commerce - service
12 yr2014
—No postings tracked

Fomento Resorts and Hotels is currently in the process of construction and development of one 5 stars upscale new hotel.

Hotels
—None recorded
332LinkedIn · Oct 2026
Advertising / Commission on transaction
55 yr1971
—No postings tracked

Operator of hotels and resorts

Hotels
—None recorded
175recorded
Advertising / Commission on transaction
40 yr1986
0none in 3 months

Operator of luxury hotel and villa

Hotels
—None recorded
96+43% 12 mo to Sep 2024recorded Sep 2024
Advertising / Commission on transaction
10 yr2016
0none in 3 months · last posted Jul 2026

Company that operates a chain of hotels

Hotels
—None recorded
30recorded
Commission on transaction / Fee-for-service
31 yr1995
—No postings tracked

Provider of bicycle rental services

Two wheeler rental services
—None recorded
6recorded
Commission on transaction / Subscription
11 yr2015
1postings · last posted Sep 2026

Provider of hotel management services

Hotel management services
—None recorded
7LinkedIn · Jul 2026
Fee-for-service
6 yr2020
0none in 3 months · last posted Apr 2026

Operator of travel company specializing in travel experiences

Tour operators
—None recorded
65LinkedIn · Jul 2026
Fee-for-service
15 yr2011
0none in 3 months · last posted May 2026

Luxury villa management company offering a range of villas and homestays

Hotels
—None recorded
—Not available
Renting / leasing
6 yr2020
0none in 3 months

Operator of cultural tours

Tour operators
—None recorded
—Not available
Commission on transaction / E-commerce - service
12 yr2014
0none in 3 months

Operator of tours

Tour operators
—None recorded
—Not available
Advertising / Commission on transaction
5 yr2021
—No postings tracked

Operator of guided nautical adventures, including cruises, kayaking, and paddleboarding

Hiking camping & adventure tour operators
—None recorded
—Not available
Fee-for-service
14 yr2012
—No postings tracked

Bus operator

Tour operators
—None recorded
—Not available
Commission on transaction / Fee-for-service
15 yr2011
—No postings tracked

Provider of reliable and affordable taxi services

Car rentals
—None recorded
1LinkedIn · Jul 2026
Fee-for-service
13 yr2013
—No postings tracked

Jasminn® by Mango Hotels, Betalbatim, Salcete, Goa is a 24 room boutique hotel. Visit our website for more.

Hotels
—None recorded
16LinkedIn · Jul 2026
Advertising / Commission on transaction
28 yr1998
0none in 3 months

Provider of taxi services

Car rentals
—None recorded
1LinkedIn · Jul 2026
Commission on transaction / E-commerce - service
2 yr2024
—No postings tracked

Operator of hostels offering tours and yoga programs

Hotels
—None recorded
1LinkedIn · Jul 2026
Fee-for-service
13 yr2013
—No postings tracked

Operator of luxury hotel chain

Hotels
—None recorded
—Not available
Advertising / Commission on transaction
6 yr2020
0none in 3 months

Luxury villa rental company offering serene getaways amidst lush green forests

Hotels
—None recorded
5LinkedIn · Jul 2026
Advertising / Commission on transaction
4 yr2022
0none in 3 months · last posted Jul 2026

Provider of scuba diving courses and underwater adventure experiences

Hiking camping & adventure tour operators
—None recorded
—Not available
Fee-for-service
13 yr2013
0none in 3 months

Operator of luxury resort

Hotels
—None recorded
12LinkedIn · Jul 2026
Advertising / Commission on transaction
9 yr2017
—No postings tracked
50 of 89 companies shown here · the full list is on Radar
Fliar Radar

Explore all 89 travel and hospitality companies in Goa on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open travel and hospitality in Goa on Radar
  • Every company, not just 50All 89 travel and hospitality companies in Goa, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore travel and hospitality companies in Goa by what you are looking for

Browse the top travel and hospitality companies in Goa, from hotels and resorts to tour operators and car rental services. Find travel and hospitality startups in Goa and the list of travel agencies serving visitors.

8 ways to explore travel and hospitality in Goa

Hotels, resorts & staysTour operators & travel agenciesAdventure, water sports & yacht operatorsCar, taxi & bike rental servicesBus operators, airlines & airportsTravel and hospitality startups in Goa

Hotels, resorts & stays

Hotels, resorts, villas and hostels for stays across Goa.

  1. Cidade de Goa

    Luxury 5 star hotel

    Hotels
    See in list
  2. Averina International Resorts

    Operator of hotels and resorts

    Hotels
    See in list
  3. Caravela Beach Resort

    Owns & operates hotels and resorts

    Hotels
    See in list
  4. The Blue Kite

    Operator of luxury hotel and villa

    Hotels
    See in list
  5. SimroseGoa

    Provider of beachfront resort accommodations and wellness services

    Hotels
    See in list

Tour operators & travel agencies

Operators and agencies offering holiday packages, guided tours and destination management.

  1. Drishti Lifesaving

    Operator of women's safety, assist, and deter tourists from venturing into the ocean

    Tour operators
    See in list
  2. Sofine Tours & Events

    Operator of tours

    Tour operators
    See in list
  3. BIZ Nest

    Provider of travel agency services

    Travel agencies
    See in list
  4. Make It Happen

    Operator of travel company specializing in travel experiences

    Tour operators
    See in list
  5. Nativefolks

    Operator of cultural tours

    Tour operators
    See in list

Adventure, water sports & yacht operators

Operators of scuba diving, water sports, cruises and other outdoor adventure activities.

  1. Drishti Lifesaving

    Operator of women's safety, assist, and deter tourists from venturing into the ocean

    Tour operators
    See in list
  2. Make It Happen

    Operator of travel company specializing in travel experiences

    Tour operators
    See in list
  3. Konkan Explorers

    Operator of guided nautical adventures, including cruises, kayaking, and paddleboarding

    Hiking camping & adventure tour operators
    See in list
  4. FlyingFish Scuba School

    Provider of scuba diving courses and underwater adventure experiences

    Hiking camping & adventure tour operators
    See in list
  5. John Boat Tours

    Operator of boat tours and excursions focused on aquatic activities

    Tour operators
    See in list
16 companies in Goa

Car, taxi & bike rental services

Self-drive cars, taxis, scooters and bicycles for getting around Goa.

  1. Cycling Zens

    Provider of bicycle rental services

    Two wheeler rental services
    See in list
  2. GoaTaxico

    Provider of reliable and affordable taxi services

    Car rentals
    See in list
  3. Goencar Taxi

    Provider of taxi services

    Car rentals
    See in list
  4. goa leisure

    Goa Leisure is a travel agency that offers car rental and tour services.

    Car rentals
    See in list
  5. Limecar

    Self-drive car rental service company

    Car rentals
    Website

Bus operators, airlines & airports

Bus, airline and airport operators connecting Goa with the rest of India.

  1. FLY91

    Operator of passenger airlines

    Passenger airlines
    See in list
  2. Kadamba

    Bus operator

    Tour operators
    See in list
  3. Paulo Travels

    Operates bus transportation services

    Bus operators
    Website
  4. Goa Airport

    Provider of airport services for both domestic and international flights

    Airport operators
    Website
4 companies in Goa

Travel and hospitality startups in Goa

Newer travel and hospitality companies in Goa founded in recent years.

  1. FLY91

    Operator of passenger airlines

    Passenger airlines
    See in list
  2. Wanderlost India

    Operator of tours

    Tour operators
    See in list
  3. Goencar Taxi

    Provider of taxi services

    Car rentals
    See in list
  4. Ruhe

    Luxury villa rental company offering serene getaways amidst lush green forests

    Hotels
    See in list
  5. Baale Resort Goa

    Luxury private pool villa resort offering an unparalleled opulent experience

    Hotels
    See in list
12 companies in Goa

Listed travel and hospitality companies in Goa

Publicly listed travel and hospitality companies based in Goa.

  1. Caravela Beach Resort

    Owns & operates hotels and resorts

    Hotels
    See in list
  2. Mac Group

    Company that operates a chain of hotels

    Hotels
    See in list
  3. Acron Waterfront Resort

    Provider of lodging in suites, rooms, and apartment-style accommodations

    Hotels
    Website
3 companies in Goa

Travel and hospitality companies hiring in Goa

Travel and hospitality companies in Goa that are currently hiring.

  1. FLY91

    Operator of passenger airlines

    Passenger airlines
    See in list
  2. The Blue Kite

    Operator of luxury hotel and villa

    Hotels
    See in list
  3. BSG Hospitality

    Provider of hotel management services

    Hotel management services
    See in list
  4. Make It Happen

    Operator of travel company specializing in travel experiences

    Tour operators
    See in list
  5. Cycling Zens

    Provider of bicycle rental services

    Two wheeler rental services
    See in list
6 companies in Goa
The business behind the activity

Travel and hospitality financials in Goa

Revenue, profit and growth from the filed annual accounts of 12 travel and hospitality companies in Goa for FY24-25 — 18 of the 89 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 99% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹5,737.88 cr

12 companies filing accounts

combined net profit₹1,402.70 cr

24.4% aggregate margin

are profitable75%

9 of 12 companies

median revenue~₹34.0 cr

the typical company

median revenue growth+6%

into FY24-25

earned by the top five99%

revenue concentration

Six-year view

Combined revenue of filing companies

₹3,015.93 crFY19-2011 filers
₹1,342.90 crFY20-2112 filers
₹2,304.99 crFY21-2212 filers
₹4,187.18 crFY22-2315 filers
₹5,034.32 crFY23-2415 filers
₹5,737.88 crFY24-2512 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 11 companies over three years

+36%
FY22-23₹4,154.18 cr₹899.94 cr net
FY23-24₹4,966.92 cr₹1,120.00 cr net
FY24-25₹5,664.29 cr₹1,400.62 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr367% profitable
₹1–10 cr250% profitable
₹10–100 cr3100% profitable
₹100–1,000 cr367% profitable
Over ₹1,000 cr1100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking3
0–20%6
20–50%1
50–100%0
Doubled+2

12 companies with accounts for both years; median growth +6%.

Profitability

Profit is concentrated at the top

9profitable
3loss-making
24.4%aggregate margin
3.0%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Resort RioRESORT RIO HOTELS PRIVATE LIMITED+208%
Drishti LifesavingDRISHTI LIFESAVING PRIVATE LIMITED+14%₹56.99 cr
Cidade de GoaTHE INDIAN HOTELS COMPANY LIMITED+12%₹5,145.09 cr
Caravela Beach ResortADVANI HOTELS AND RESORTS (INDIA) LIMITED+3%₹111.21 cr
Averina International ResortsAverina International Resorts Private Limited+1%₹198.16 cr
Sofine Tours & EventsSOFINE TOURS AND EVENTS PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Cidade de GoaTHE INDIAN HOTELS COMPANY LIMITED27.5%₹5,145.09 cr
Caravela Beach ResortADVANI HOTELS AND RESORTS (INDIA) LIMITED23.8%₹111.21 cr
Averina International ResortsAverina International Resorts Private Limited12.8%₹198.16 cr
Sofine Tours & EventsSOFINE TOURS AND EVENTS PRIVATE LIMITED
Resort RioRESORT RIO HOTELS PRIVATE LIMITED
Drishti LifesavingDRISHTI LIFESAVING PRIVATE LIMITED2.7%₹56.99 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Hotels8₹5,531.55 cr~₹37.8 cr88%26.5%
Leaders

Largest travel and hospitality companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Cidade de GoaTHE INDIAN HOTELS COMPANY LIMITED₹5,145.09 cr₹1,413.23 cr27.5%+12%
Averina International ResortsAverina International Resorts Private Limited₹198.16 cr₹25.33 cr12.8%+1%
FLY91JUST UDO AVIATION PRIVATE LIMITED₹137.20 cr−₹67.65 cr-49.3%>10×
Caravela Beach ResortADVANI HOTELS AND RESORTS (INDIA) LIMITED₹111.21 cr₹26.44 cr23.8%+3%
Resort RioRESORT RIO HOTELS PRIVATE LIMITED₹2.08 cr+208%
Drishti LifesavingDRISHTI LIFESAVING PRIVATE LIMITED₹56.99 cr₹1.55 cr2.7%+14%
Sofine Tours & EventsSOFINE TOURS AND EVENTS PRIVATE LIMITED
Madvik RetreatMADVIK RETREAT PRIVATE LIMITED₹2.12 cr₹0.93 lakh0.4%+22%
BSG HospitalityBSG HOSPITALITY PRIVATE LIMITED₹1.07 cr−₹11.56 lakh-10.8%-58%
OnastayONASTAY TRAVELTECH PRIVATE LIMITED
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Travel and Hospitality Industry Landscape of India

The financials above are one chapter. The full travel and hospitality landscape of Goa maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the travel and hospitality landscape of Goa
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Travel and hospitality funding and M&A across India

157 recorded equity rounds have gone to 6,511 travel and hospitality companies in India — how much, at which stage, into which sub-sectors, from whom, and how Goa compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months4

US$19.35m

equity rounds, last 24 months14

US$183.36m

raised over five yearsUS$420.90m

54 rounds in India

M&A deals, India103

last 24 months

Capital by year

Equity funding into travel and hospitality in India

amount rounds
$364m201810
$18m20197
$3.1m20205
$51m20219
$3.3m20226
$152m202312
$31m202415
$183m202510
$163k20262

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2018, with US$364.39m across 10 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$2.12m10 rounds · median US$83k
SeedUS$24.19m31 rounds · median US$449k
Series AUS$194.51m6 rounds · median US$13.07m
Series BUS$180.09m5 rounds · median US$15.00m
Series CUS$20.00m1 rounds · median US$20.00m
Where the money went · five years

Most-funded sub-sectors

Passenger airlinesUS$214.94m9 rounds · 5 companies
HotelsUS$142.10m10 rounds · 7 companies
Real estate & infrastructure developersUS$16.80m1 rounds · 1 companies
Hotel suppliesUS$15.00m1 rounds · 1 companies
Tour operatorsUS$9.94m6 rounds · 5 companies
Travel agenciesUS$7.87m5 rounds · 4 companies
Hiking camping & adventure tour operatorsUS$6.02m4 rounds · 4 companies
Corporate activity · last 24 months

M&A in India

85Acquisition
15Merger
2Takeover

Most active acquirers

  1. Indian hotels16
  2. Adani Defence Systems & Technologies Ltd (ADSTL)7
  3. Air india4
  4. Chalet hotels3
  5. Adani airport holdings ltd3

Most acquired or merged

  1. Indamer6
  2. Air works5
  3. Go first4
  4. Air india express3
  5. Air Works India3

Each deal appears in the events strip at the top of the page.

Go deeper in the travel and hospitality landscape reports:

Travel and Hospitality Industry Landscape of India

Founders and momentum in Goa

Meet the people behind travel and hospitality companies in Goa. 19 of 89 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Goa travel and hospitality companies by sub-sector

The most common specialisations among travel and hospitality companies in Goa. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring travel and hospitality in India and nearby markets.

Coming soon