Delhi-based travel booking startup GoFro, has recently raised $10 million in a Series B round led by Japanese travel company HIS Co. Ltd. The round also saw participation from its existing investor MakeMyTrip.
The company will be utilizing its funds to strengthen its technology platform, supply and agent network and expand into international markets.
“Support of HIS and MakeMyTrip is a validation of the potential of GoFro’s marketplace platform. We now look forward to HIS’s global reach and experience to help us enhance our global supply network and provide great holiday packages at competitive prices,” said Amitabh Misra, founder and chief executive, GoFro.
GoFro is a three-way online marketplace for holiday packages connecting travellers with suppliers and destination experts. The company was started with an objective to provide travellers with assortment of packages from all leading online and offline travel companies, including MakeMyTrip, Yatra, TUI and many more on a single platform.
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“GoFro is poised for great success in the high growth holiday travel market in India. We believe it holds the potential to become the next travel-tech revolution. GoFro platform is globally scalable and we look forward to taking this revolution to the Japanese market,” said Akira Hirabayashi, vice-chairman, HIS Co Ltd.
Deep Kalra, founder of MakeMyTrip adds that they are very bullish on the possibilities in the holiday travel space.
“Through its superior technology, GoFro has the potential to bring hundreds of branded products under one umbrella to organise this fragmented market. We hold great confidence that GoFro will be able to capture and grow this underserved market through its differentiated product offering,” said Deep Kalra, founder, group chairman and group CEO, MakeMyTrip.
In 2015, MakeMyTrip Ltd had invested $5 million to pick up a majority stake in Bona Vita.
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