wordpress blog stats
Connect with us

Hi, what are you looking for?

TravelTriangle secures Series C funding of Rs78cr led by Fundamentum and others

Noida-based online travel marketplace TravelTriangle has raised Series C funding of Rs 78 crore ($12 million) led by Fundamentum, the growth-capital fund for mid-stage technology companies in India backed by Nandan Nilekani and Sanjeev Aggarwal, along with company’s existing investors like SAIF Partners, Bessemer Venture Partners, RB investments and a clutch of angel investors. As part of the deal, Ashish Kumar, Partner at Fundamentum will join the TravelTriangle board.

The company will use the funds to build its technology, expansion, and brand building.

Founded in 2011 by Sankalp Agarwal, Sanchit Garg and Prabhat Gupta, TravelTriangle is a marketplace for travel agents who can create online customized tour packages for travellers. The website also enables customers to connect with travel agents anywhere, get tour quotations, customize the trip or packages according to their preferences and book the plan directly. The company claims to register a monthly traffic of 2.5 million and has close to 700 active travel agents operating through the platform.

TravelTriangle’s previous funding

In February last year, the company raised $10 million in a series B round of funding from RB Investments, and participation from existing investors SAIF Partners and Bessemer Venture Partners. TravelTriangle had previously raised $8 million funding led by Bessemer Venture Partners, with participation from SAIF Partners in April 2015, after having raised Rs 10 crore (~$1.7M) funding from SAIF Partners in July 2014.

Competition

The company largely competes with the likes of MakeMyTrip, Goibibo, Yatra, Thomascook, Cleartrip etc.

Advertisement. Scroll to continue reading.

Written By

Writes about e-commerce, social media, tech and Internet ecosystem.

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

Views

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

News

By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

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