AirBnB's Varsha Rao says Indian travel market will be $40 billion opportunity in next 5 years, will localise and learn to become market leader
Advertisement
It is better to have a 100 customers that love you than a million customers that "kind of" like you, said Varsha Rao, head of operations, AirBnB , a website for people to list, find and rent lodging in India.
"India is a huge travel market. It will be $40 billion opportunity in 5 years. We are looking to localise and learn," she said, as she addressed the audience comprising global investors, top CEOs, startup owners and budding entrepreneurs at theStartup India , Standup India event today.
Sharing her journey so far, she gave out a crucial tip to startups: "Meet your customers week to week, day to day to find out their problems and how they change."
"Social media platforms have made Airbnb become successful. Community and principles helped us reach the space where AirBnB is now," she said.
"We are about real identities backed by social media, difficult for startups from earlier era," she went on to say, adding that while AirBnB helps Indians travel, number of other startups can solve even bigger problems.
Advertisement
Advertisement
"India is a huge travel market. It will be $40 billion opportunity in 5 years. We are looking to localise and learn," she said, as she addressed the audience comprising global investors, top CEOs, startup owners and budding entrepreneurs at the
Sharing her journey so far, she gave out a crucial tip to startups: "Meet your customers week to week, day to day to find out their problems and how they change."
"
"We are about real identities backed by social media, difficult for startups from earlier era," she went on to say, adding that while AirBnB helps Indians travel, number of other startups can solve even bigger problems.
Advertisement
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh