Luxstay Inc
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Luxstay Inc - overview
Established
2016
Location
Hanoi, -, Vietnam
Primary Industry
Internet
About
Luxstay Inc is an online travel agency that provides a comprehensive platform for travelers to book accommodations and flights, focusing on key markets in Southeast Asia and beyond. Founded in 2016 and headquartered in Hanoi, Vietnam, Luxstay Inc specializes in facilitating travel arrangements for customers. The company has raised a total of USD 0. 7 mn through 4 deals, with its most recent funding round being a Series A on March 25, 2020, led by M-TP Entertainment.
The leadership team includes CEOs Balen Shu, Heather Safronova, and Steven Nguyen. Luxstay operates as an online travel agency, offering a platform for booking flights and hotels. The user-friendly interface allows customers to compare hotel options and filter results based on preferences, addressing common travel pain points related to accommodation and flight options, primarily in Southeast Asia and select international destinations. In the most recent financial year 2023, Luxstay reported a revenue of USD 10,871.
30, with an EBITDA of USD -321,002. 60, indicating the financial dynamics of the company during this period. Following its latest funding round in March 2020, where Luxstay raised USD 0. 7 mn, the company aims to enhance its platform with new features and expand into additional markets, particularly targeting broader regions in Southeast Asia and beyond.
The upcoming initiatives are expected to leverage the recent investment to support product development and geographical growth, although specific product launch dates and market entry plans have yet to be disclosed.
Current Investors
Genesia Ventures, ESP Capital, CyberAgent Capital
Primary Industry
Internet
Sub Industries
Travel & Tourism, Search Engines
Website
www.luxstay.com
Verticals
E-commerce
Company Stage
Series A
Total Amount Raised
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Luxstay Inc - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,621,325,925 | 11,527,984,134 | 7,311,497,972 | 2,713,645,651 | - | - | - |
| % Revenue Growth (YoY) | - | 339.8% | (36.6%) | (62.9%) | - | - | - |
| EBITDA (USD) | (14,086,212,097) | (40,390,305,073) | (23,470,624,182) | (4,002,571,882) | - | - | - |
| Operating Income (USD) | (14,097,361,930) | (40,441,535,843) | (23,543,675,694) | (4,064,473,570) | - | - | - |
| Operating Margin | (537.8%) | (350.8%) | (322.0%) | (149.8%) | - | - | - |
| % EBITDA Margin | (537.4%) | (350.4%) | (321.0%) | (147.5%) | - | - | - |
| NET Income (USD) | (13,914,181,564) | (39,023,433,044) | (25,252,018,003) | (3,414,611,367) | - | - | - |
| % Net Margin | (530.8%) | (338.5%) | (345.4%) | (125.8%) | - | - | - |
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