Online travel booking platform Travelyaari has raised $7 million in a Series B round of funding from existing investors Gujarat Venture Finance Limited, Bennett Coleman & Co. Ltd (BCCL) and other investors, reports YourStory.
Travelyaari will use the funds for business growth, product development, improving its service network and to increase online bus bookings. The platform currently lists bus bookings from over 25 cities including Bangalore, Mumbai, Pune, Chennai, Cochin etc., with a similar number of destinations.
Other than bus bookings Travelyaari also lists hotels in over 50 cities across the country, including Delhi, Kolkata, Goa, Hyderabad Mumbai etc. The platform also lists various tours like the ‘Dream Ride – Motorbike Expedition’, ‘Bandipur Wildlife Package’ and ‘Heavenly Kashmir’ for specific locations across the country. Other than this, Travelyaari allows for booking of activities like sailing, surfing, paragliding, ziplining, sightseeing, safari, river rafting etc.
Founded in 2007, Travelyaari claims to be present in more than 8,000 outlets in India, helping small travel providers computerize and streamline their operations. Note that the company mentions that it has provided technology solutions for state transport corporations like Punjab Roadways and PRTC, and is currently in talks with other state transport corporations for adopting its technology solutions.
Other developments in online travel booking:
– In July, redBus acquired a majority stake in South American bus ticketing company Busportal.pe for an undisclosed amount.
– The same month, travel search marketplace Ixigo rolled out Ixibaba, an AI based chatbot that answers simple questions related to travel planning and booking.
– In the same month, Naspers-backed travel website Travel Boutique Online acquired equity in Deyor Camps, a chain of branded camps.
– In April, Odisha Road Transport Corp launched an Android app for bus booking.
– In January, travel booking website Yatra acqui-hired the trip planning startup Travel-logs for an undisclosed amount.
– Last year, HolidayIQ started offering various activity based travel packages. ClearTrip also launched a similar feature called Activities around the same time, although it was recently rebranded to Cleartrip Local.