About Desti
Desti is a company based in Tel Aviv (Israel) founded in 2011 was acquired by HERE in May 2014. It operates as a AI-as-a-Service. Desti has raised $1 million across 2 funding rounds from investors including HERE, SRI and Viola Group. Desti has completed 1 acquisition, including Plnnr. Desti offers products and services including AI Travel Planner. Desti operates in a competitive market with competitors including Vamoos, Squad Trip, Mobi, AllFly and The Trip Boutique, among others.
- Headquarter Tel Aviv, Israel
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Sectors
Travel & Hospitality
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Phone
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Website
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Social
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Products & Services of Desti
Desti offers a comprehensive portfolio of products and services, including AI Travel Planner. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-based tool for travel search and planning.
Funding Insights of Desti
Desti has successfully raised a total of $1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in January 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2013 | Amount | Seed - Desti | Valuation | SRI , Viola Group |
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| Oct, 2011 | Amount | Seed - Desti | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Desti
Desti has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include HERE, SRI and Viola Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in early-stage technology companies globally.
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Founded Year | Domain | Location | |
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Research and development in scientific fields are pursued by SRI.
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Founded Year | Domain | Location | |
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Location-based services and mapping solutions are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Desti
Desti has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Plnnr. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provides an automatic platform for planning personalized trip itineraries efficiently.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Desti
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Desti Comparisons
Competitors of Desti
Desti operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vamoos, Squad Trip, Mobi, AllFly and The Trip Boutique, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Trip planning solutions are provided for travel agencies.
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| domain | founded_year | HQ Location |
SaaS expense management is provided for travel service providers.
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| domain | founded_year | HQ Location |
Travel planning solutions are provided for agents and operators.
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| domain | founded_year | HQ Location |
SaaS solutions for travel planning are offered to the industry.
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| domain | founded_year | HQ Location |
AI-powered trip planning solutions are provided for travel service providers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Desti
When was Desti founded?
Desti was founded in 2011.
Where is Desti located?
Desti is headquartered in Tel Aviv, Israel.
Is Desti a funded company?
Desti is a funded company, having raised a total of $1M across 2 funding rounds to date.
What does Desti do?
Desti was established as a startup specializing in artificial intelligence for travel search and planning. It was spun off from SRI International and focused on using AI and natural language understanding to analyze destination data from articles and reviews. A conversational interface was provided to deliver tailored search results. The company operated in the travel technology sector and was acquired by HERE in 2014 to enhance search and places capabilities.
What products or services does Desti offer?
Desti offers AI Travel Planner.
How many acquisitions has Desti made?
Desti has made 1 acquisition, including Plnnr.
Who are Desti's investors?
Desti has 3 investors. Key investors include HERE, SRI, and Viola Group.