wordpress blog stats
Connect with us

Hi, what are you looking for?

Travel planning portal WeAreHolidays raises funding from Matrix Partners & others

WeAreHolidays Logo

Online travel planning portal WeAreHolidays raised an undisclosed amount in funding from Matrix Partners and existing investors Blume Ventures and GSF Superangel Investors. The company said that the funds will be used to expand its technology and analytics expertise.

A Livemint report speculated that the investment is a typical Series A round of funding of about $3-6 million. WeAreHolidays co-founder and CEO Deepak Wadhwa told the publication that the funding would be used to improve the technology integration platform with their suppliers across destinations, and to improve the booking experience and options available to their customers. The company works with about 800 suppliers in 80 destinations around the world, the report claims.

WeAreHolidays was founded in 2011 by Wadhwa, Harkirat Singh and Mohit Piplani. In earlier avatars Wadhwa and Singh worked as product managers at MakeMyTrip. It offers travel guides and tour packages to destinations around the world. Each destination page provides an overview and lists packages, hotels, things to do, places to see, nearby getaways, and eateries.

WeAreHoldays’ average transaction value is Rs.2-3.5 lakh and 50,000 online transactions have been recorded on the site so far, according to the Livemint report. Apparently the company has earned $1 million revenue in 2013-14.

In June 2013, WeAreHolidays had raised an undisclosed sum of funding from Blume Ventures, Mumbai Angels, Sachin Bhatia, co-founder of MakeMyTrip and GSF India.

Funding in the online travel space

Advertisement. Scroll to continue reading.

Online travel planner TripHobo raised an undisclosed amount of Series A investment from Kalaari Capital, in June this year. The funding was expected to be used to increase the number of itineraries and content for travel destinations on the platform.

In October 2013, travel planning website Mygola raised $1.5 million as Series A funding from Helion Venture Partners and existing investors Blumberg Capital. In the same month, social travel marketplace Touristlink raised an undisclosed amount of seed funding from the African accelerator 88mph.ac and a group of private investors.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

News

By Anand Venkatanarayanan                         There has been enough commentary about the Indian IT...

News

By Rahul Rai and Shruti Aji Murali The Indian antitrust regulator, the Competition Commission of India (CCI) has a little more than a decade...

News

By Stella Joseph, Prakhil Mishra, and Surabhi Prabhudesai The recent difference of opinions between the Government and Twitter brings to fore the increasing scrutiny...

News

This article is being posted here courtesy of The Wire, where it was originally published on June 17.  By Saksham Singh The St Petersburg paradox,...

You May Also Like

News

Flipkart’s latest round of investment comes at a time when the government’s proposed changes to existing laws seek to tighten the screws around FDI. ...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ