TravelTech

Travel-tech startup Holiday Tribe Secures Rs 5.4 Crores in Seed Funding

• ByStartupStory     |    October 7, 2024

Travel-tech startup Holiday Tribe has successfully raised Rs 5.4 crores in a seed funding round led by Powerhouse Ventures and GSF, with participation from several high-profile investors, including prominent figures from India Mart and BharatMatrimony.com.

Founded in 2023 by Anshu Sharma and Chirag Goyal, former executives at MakeMyTrip, Holiday Tribe focuses on creating personalized travel experiences with enhanced accuracy and responsiveness. The newly secured funds will be utilized to bolster the company’s technological infrastructure, supply network, and brand development, positioning the company for further growth in India’s travel-tech market.

In a joint statement, Anshu Sharma and Chirag Goyal, Co-founders of Holiday Tribe, said:
“Travel witnessed significant growth in the post-Covid era. People want to holiday with family ​and​ loved ones, ​and ​explore newer destinations more than ever. Holiday Tribe was established to meet this growing demand while addressing a key market gap – the lack of accuracy and agility in curating customised solutions for customers. We continue to work towards narrowing this gap with the implementation of robust back-end technology to provide timely solutions, in line with customer preferences. This influx of capital will further our brand-building efforts through better integration of latest technology, expanding our supply network and exploring newer destinations. We are excited to embark on this journey with our partners at Powerhouse Ventures and GSF, and are optimistic of emerging as a leisure travel partner of choice for avid travellers.”

Powerhouse Ventures, a Singapore-based venture capital firm with a focus on technology-driven businesses emerging from India and the US, was enthusiastic about the partnership. Kshitij Golwalkar, General Partner at Powerhouse Ventures, stated:
“Partnering with Holiday Tribe has provided us an opportunity to foray into the dynamic category of travel and hospitality. With sound tech integration and optimal human intervention, the brand is poised to change leisure travel in India. Fuelled by the unwavering grit and vision of the brand’s founders, we look forward to driving operational excellence and customer success for Holiday Tribe.”

Rajesh Sawhney, Founder of GSF, an early-stage VC firm, emphasized the strength of Holiday Tribe’s founding team, saying:
“From the first time we met Anshu and Chirag, we understood this is a uniquely talented team who are bringing together their deep experience in the travel industry to build India’s leading customised holiday travel operator. Today’s holidaymaker has unparalleled access to information on the latest trending experiences both in India and abroad and expects a high degree of personalisation for their travels. Tailormade customer delight on every day of their trip – from flights and hotels to food and entertainment – has become the expectation that Holiday Tribe caters to.”

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