Travelling can be real fun when you can manage your travel expenses with easy installments. This is what one can do at Mihuru that is fast changing the approach of travel in India. Mumbai-based young entrepreneur Shruti Mehrotra feels, “Cost is a very important part of travel decisions. By helping our customers tie their personal financial situation to their decision, we help them achieve their travel goals.”
It all started in 2016. Coming from a family bitten by the wanderlust bug, Mehrotra had gathered myriad travel experiences across the globe by the time she became an adult. And the desire to explore only grew stronger with time. This coupled with a strong understanding of the financial space, led to the formation of Mihuru along with her friend Jonathan Nunez Gonzalez. Needless to say, Gonzalez was also a true wanderlust.
Mihuru means ‘my freedom’ in Swahili and the founders aim to provide customers the freedom to travel with the help of proper planning.
With changing times, the way Indians travel has also changed substantially. While international destinations feature in the list quite frequently, many resort to taking travel loans these days.
A recent study conducted by Expedia reveals, millennials and GenZ account for 66 per cent of all travel in India including domestic and international destinations. The study also found, millennials would often save, borrow or take up a side-job to be able to fund their travels.
This story is from the December 2019 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 2019 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Gold ETFs And FoFs
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.
PLANNING TO BUY CHILD INSURANCE? THINK TWICE
Child insurance plans combine insurance and investment but often offer low returns due to high costs, making a combination of a term insurance cover and mutual fund a better option for securing your child’s higher education needs
How Do You Define Happiness?
Money does buy happiness, but after a while, the appeal fades. We talk about our relationship with money, but, maybe, it’s time to revisit our relationship with happiness
Avoid Crypto As It Is Highly Volatile
I am 22 years old and have recently started working. I want to invest a small portion of money in cryptocurrency. How should I go about it? Does it require a huge capital investment?
Invest Right, Don't Speculate
The lure of high returns and quick gains from equity tips, cryptocurencies, and equity F&O can be enticing. But remember, return of capital is more important than return on capital
The Wedding & Budget: Is Minimalist Trend The Right Knot For You?
Indian weddings are known for their pomp and grandeur, but minimalist weddings are also in vogue now. Dia Mirza was one such celebrity who went for a minimalist wedding. If you also want to keep things minimal on your big day, here’s how to do it
Here's How To Buy An ETF?
Mutual funds are the preferred choice for retail investors. However, they come at a cost and fund management risk, apart from other risks. A smarter alternative is to invest through ETFs.
How Passive Funds Help Diversify
Passive funds provide a simple way to invest in broad markets as well as in specific themes and sectors, making them ideal for an investor's satellite portfolio
The Rise Of Passive Funds
The popularity of passive funds among retail investors has risen post Covid, and fund houses are out with many variations of ETFs and index funds. Does this category present a new opportunity for investors?
Tax Reforms: What's In Store?
The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms
