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Travel planning platform Holidify merges with TripCrafters

IndianStartupNewsIndianStartupNews · 2y ago
Travel planning platform Holidify merges with TripCrafters
Medial

Travel planning platforms Holidify and TripCrafters have merged, with TripCrafters becoming a wholly-owned subsidiary of Holidify. Despite the merger, TripCrafters will retain its independent brand identity and focus on aiding travel agents to expand their businesses. Holidify offers diverse services such as holiday packages and travel guides, collaborating with online travel agencies (OTAs), while TripCrafters connects travelers with over 3,000 specialized travel agents for package bookings. The merged entity aims to compete with established players like MakeMyTrip and EaseMyTrip in the curated holiday market. Both Holidify and TripCrafters have achieved profitability without external funding, projecting a significant increase in annual revenue.

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Funding and acquisitions in Indian startups this week [28 Aug-02 Sep]

EntrackrEntrackr · 2y ago
Funding and acquisitions in Indian startups this week [28 Aug-02 Sep]
Medial

During this week, 13 Indian startups secured approximately $52 million in funding, with MediBuddy and SatSure leading the way with $18 million and $15 million respectively. In comparison, the previous week witnessed 19 Indian startups amassing a total of around $233 million in funding, with one startup's details undisclosed. Among the 13 rounds this week, only MediBuddy, a growth stage startup, raised $18 million, while the remaining 12 were early-stage startups. Bengaluru-based startups dominated the funding scene, accounting for $41 million or 78.68% of the total funding, followed by Delhi NCR and Hyderabad-based startups. Fintech startups secured the most deals, followed by logistics and healthtech. Additionally, four companies, namely CoinSwitch, Kenko Health, Omuni, and Khatabook, announced employee layoffs during this week, and TripCrafters merged with Holidify.

Travel brand WanderOn bags Rs 54 Cr in Series A from DSG and CAAF

EntrackrEntrackr · 12d ago
Travel brand WanderOn bags Rs 54 Cr in Series A from DSG and CAAF
Medial

Experiential travel brand WanderOn has raised Rs 54 crore in Series A funding round co-led by DSG Consumer Partners and CAAF. The fresh funds will be utilized to build more immersive and accessible travel experiences, expand destination portfolio, strengthen high-demand categories such as adventure, sports-led and wellness travel, and invest further in technology to enhance the entire traveller journey, WanderOn said in a press release. Co-founded in 2017 by Chirag Jain, Ravi Khokher, Madhusudan Jaju, and Govind Gaur, WanderOn is a travel-tech company that offers community-focused, curated group travel experiences (road trips, treks, custom tours) for millennials and Gen Z in India and abroad, emphasizing unique offbeat destinations and hassle-free, budget-friendly trips with strong social media presence. The platform focuses on creating memorable travel communities for young adults. The Gurugram-based company aims to reach travellers across the country, offering a seamless, intuitive end-to-end journey. Operating on a direct-to-consumer (D2C) model, the platform specializes in experiential group travel packages, leveraging digital storytelling, influencer collaborations, and organic marketing to attract adventure enthusiasts. Its revenue model is driven by pre-booked travel packages, add-on experiences, and exclusive brand partnerships. WanderOn claims that it has taken over 1 lakh travellers across more than 40 domestic and international destinations, with a strong share driven by repeat customers. It has scaled to over a Rs 100 crore business on a bootstrapped model, while doubling year-on-year in the post-Covid period. It may directly or indirectly compete with other notable players in this space such as Thrillophilia, TravelTriangle, Tripoto, and Holidify.

Backed by $10M Series A, TravelJoy is riding the post-COVID demand for expert travel planning

TechCrunchTechCrunch · 1y ago
Backed by $10M Series A, TravelJoy is riding the post-COVID demand for expert travel planning
Medial

TravelJoy, a travel-focused startup providing tools for travel entrepreneurs, has thrived despite the pandemic. The company is now facilitating over $1 billion in annual spend for its customers as interest in travel rebounds post-pandemic. Co-founder and CEO Dayo Esho drew inspiration from his experiences in the travel industry, and he teamed up with co-founder CTO Chris Kline to build TravelJoy. The software helps travel entrepreneurs compete with DIY travel planning tools and consolidates their workflow through CRM, messaging, payments, and more. The company recently raised a $10 million Series A funding round and plans to incorporate AI features into its platform.

Travel tech company Rimigo raises $550K in pre-seed round

EntrackrEntrackr · 9m ago
Travel tech company Rimigo raises $550K in pre-seed round
Medial

Travel-tech company Rimigo raises $550K in pre-seed round Travel-tech company Rimigo has secured $550,000 in a pre-seed funding round co-led by Japan-based Reazon Capital and SGgrow Capital. The round also witnessed participation from Indian angel investors such as S Ramadorai, Ravi Nigam, Shashank Deshpande, and Ujjwal Jain. The proceeds will be used to fuel product development, hire talent, and expand its team of travel and technology experts, Rimigo said in a press release. Co-founded in 2014 by Sahil Sharma, Shubham Chintalwar, and Aditya Shirole, Rimigo aims to simplify international travel with integrated collaborative tools, AI-driven personalisation, and curated travel insights. The platform offers an AI-driven end-to-end vacation planning solution, where users simply specify their destination and vacation preferences, and the platform generates detailed itineraries, flight recommendations, curated accommodation, dining, and activity options. According to the Bengaluru-based company, it addresses key challenges travellers face such as complex processes, information overload, limited personalisation, and local expertise. Rimigo says that it will combine collaborative tools with AI-powered guidance and curated booking options to make international travel more accessible and enjoyable. With advances in AI, it plans to create a unique opportunity for personalised vacation planning experience. Rimigo claims that it has already organised over 120 vacations in a beta phase and around 50 of these trips have been completed, with many users planning their next vacations with them or referring their friends. The remaining 70 trips are still in the planning stage.

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