Darent
An online platform that emerged to become a destination and a comprehensive guide for tourists from abroad with the aim of taking a journey through which they live the experience of housing, the daily life and actual habits of the local residents.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
* | N/A | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 275 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Darent is a pioneering startup in the travel and hospitality industry, specifically focusing on the Saudi Arabian market. The company offers a platform that connects travelers with high-quality rental properties, including top-notch apartments and cozy chalets. Darent's mission is to enhance the travel experience by providing unique and comfortable accommodations that cater to various preferences and needs.
The company primarily serves two types of clients: travelers looking for memorable stays and property owners (hosts) who want to rent out their homes. By facilitating this connection, Darent operates in the shared housing market, which is a segment of the broader travel and tourism industry. This market is growing rapidly, especially in regions like Saudi Arabia, where tourism is being actively promoted.
Darent's business model is based on a commission structure. The company earns revenue by taking a percentage of the rental fee each time a booking is made through its platform. This model is advantageous as it aligns the company's interests with both the hosts and the guests, ensuring that Darent is motivated to provide a high-quality service that satisfies both parties.
The platform is user-friendly and designed to make the booking process as seamless as possible. Travelers can browse through various listings, read reviews, and make reservations directly through the website. Hosts, on the other hand, can list their properties, manage bookings, and communicate with guests efficiently.
Darent's founders have a deep-rooted passion for travel and a history of being hosts themselves. This background has given them valuable insights into the needs and expectations of both travelers and property owners. The company is also one of the first to obtain a license to practice shared housing from the Ministry of Tourism in Saudi Arabia, which adds a layer of credibility and trustworthiness to its operations.
In summary, Darent is revolutionizing the travel experience in Saudi Arabia by offering a platform that connects travelers with high-quality rental properties, ensuring a memorable and comfortable stay.
Keywords: travel, hospitality, rental properties, Saudi Arabia, shared housing, platform, commission, tourism, hosts, guests.