TravelTech

Traveltech Startup Ziptrrip Secures Rs 2 Crore in Maiden Funding Round

• ByStartupStory     |    August 13, 2024

Ziptrrip, a corporate travel and expense management platform, has successfully closed its pre-seed funding round, raising Rs 2 crore from a group of prominent angel investors and industry leaders. Notable investors in this round include Anil K Jha (ex-Coal India Chairman & ex-Jindal Power Chairman & Board of Director), Prantik Dasgupta (Country Head – Coeclerici & angel investor), among others.

This inaugural funding round marks a significant milestone for Ziptrrip as the company plans to strategically deploy the newly acquired capital towards its market expansion, team-building initiatives, and continuous product innovation.

Founded by Shan Prabhakaran, Co-founder and CEO, Ziptrrip benefits from his extensive cross-industry experience of over 10 years in business development, strategy, project management, and channel sales management. Prabhakaran has worked across sectors such as Agri-tech, e-commerce logistics, and automotive, and is also a founding member of SmartShift by Mahindra.

Joining him in leading Ziptrrip is Rishabh Agarwal, another co-founder with over 15 years of experience in strategy and execution across various sectors including mobility, Agri-tech, automotive, and power.

Reflecting on the successful fundraise, Shan Prabhakaran stated, “This pre-seed funding represents a significant vote of confidence in our vision and the tireless efforts of our dedicated team. The investment will serve as a catalyst, enabling us to accelerate our growth trajectory, further enhance our AI capabilities, and continue delivering unparalleled value to our corporate clients. Our mission is to fundamentally transform corporate travel management by providing a solution that not only generates substantial cost savings but also dramatically improves efficiency and compliance across all aspects of business travel.”

Rishabh Agarwal added, “This investment is just the beginning. We’re looking forward to forging new partnerships, expanding our talented team, and continuing to push the envelope of what’s possible in travel tech. The future of corporate travel is here, and Ziptrrip is leading the charge.”

Prantik Dasgupta, one of the key investors, expressed strong confidence in Ziptrrip’s potential, stating, “I was thoroughly impressed by Ziptrrip’s innovative approach to addressing the complexities of corporate travel management. The team’s deep industry expertise, combined with their cutting-edge technology, positions them uniquely in a market ripe for disruption.”

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