Monday, May 27

Tag: Online Travel Marketplace

Online Travel Marketplace Raises 1.6 Crore Funding
FUNDING

Online Travel Marketplace Raises 1.6 Crore Funding

Tripshelf, an online travel marketplace announced on Wednesday that it raised a funding round worth Rs 1.6 crore from a group of investors which includes GEMS advisory, Alok Mittal of Indifi, Sachin Bhatia the co-founder of MakeMyTrip and TrulyMadly, and more. The funds raised will be used to consolidate its business operations and establish a long term asset vs. hyper growth capital. Tripshelf is currently enjoying a positive period after achieving several targets such as an annual Gross Transaction Value (GTV) of Rs 36 crore and an annual revenue run rate of Rs 1.5 crore. After this funding round, the startup is now setting its eyes on achieving a run rate of Rs 3 crore annually, and a GTV of around Rs 50 crore. This time, with the fresh capital, we look forward to on-boarding mor...
TravelTriangle Raises Funding From Nandan Nilekani and Others
FUNDING

TravelTriangle Raises Funding From Nandan Nilekani and Others

Travel Triangle, India’s fastest growing travel marketplace recently raised Rs 78 crore Series C funding from Fundamentum, a growth-capital fund for mid-stage tech startups in India financed by Nandan Nilekani and Sanjeev Aggarwal. This funding round also saw the participation of several existing investors such as SAIF Partners, Bessermer Venture Partners, RB investments and a handful of angel investors. This marks the first Fundamentum investment and the capital fund will join the board of TravelTriangle. The funds raised will serve to enhance the TravelTriangle’s technology as the firm looks into improving their customer interaction segment with Artificial Intelligence (AI) and machine learning. Data analytics will serve to set up a recommendation engine. The company is also lookin...