Travel Tech Startup TravClan Secures $4.7 Mn To strengthen Product & Technology
- ByStartupStory | April 29, 2022
B2B travel tech startup TravClan has raised $4.7 Mn as part of the thePre-Series A funding round led by Hashed Emergent Fund and global marquee angel investors.
The capital aired will allow the startup to double down its investment in product and technology as it looks to scale ten times over the coming time, the statement stated.
The Delhi- based startup raised $2.2 Mn in a Pre-Series A round in July 2021 from TheVentures, a Korea and Singapore- based venture capital firm, and Leo Capital led the investment round, along with other global and marquee angel investors.
Introduced by Arun Bagaria, Chirag Agrawal, Ashish Thapliyal, TravClan empowers travel agents and new- era travel entrepreneurs to set up and grow travel business online by setting up websites in 30 seconds and dealing products digitally.
The establishers have earlier worked in crucial leadership parts at Oyo, Travel Triangle and Cars24.
TravClan has raised closely twenty times during the pandemic times and is appearing to clock a$ 100 Mn GMV in this quarter with a positive contribution periphery, it claims.
“ Offline travel agents vend $ 500 Bn travel every time. Covid has fast-tracked the need and demand from travel agents to digitise their businesses. Our platform is empowering travel companies to rebuild their business rapidly and earn a better livelihood by generating further demand. Our tech-first approach on breaking challenges faced by travel businesses has allowed us to make a extensively capital effective business with a small team,” said Bagaria.
TravClan has amplified its presence in eight cities in India, Dubai and Singapore and plans to begin operations in the US and Southeast countries over the coming 12 months, it said.
The startup provides marketing tools that back its users induce further demand from social media, and bag further profit by reserving flights, hotels, holidays with suppliers across the Globe at the stylish prices.
TravClan bridges the gap of chancing reliable suppliers and efficient payments and credit results. It claims to have empowered travel agents to grow their travel business.
The startup stated, its vision is to empower SMBs in the travel sector across the world to raise their business and enable GMV of over$ 10 Bn by 2025, it said.
Travel, tourism and hospitality sectors have suffered the most in the wake of Covid-19 pandemic for further than two times now. around21.5 Mn jobs were lost in the tourism sector alone due to the pandemic, the government has agreed in the Lok Sabha in March 2022.
The country has so far eyed three waves and is on the edge of witnessing the fourth wave with Covid cases turning out day-by- day. So, it isn’t fair to frame any predictions at this point.
Also, numerous travel tech startups have either asked their jobholders to take voluntary resignation from companies or take salary cuts to fight the pandemic- convinced retardation in the once two times
Follow Startup Story
Related Posts
