TravelTriangle witnesses growth post US$ 8 m funding
Travel Triangle, one of India’s leading holiday marketplace, which provides travellers with unlimited choice and customisation for their domestic and international travel. The company leverages deep technology to enable the traveller to discover, plan and execute their travel plans. Post the company’s latest funding round of US$ eight million from Bessemer Venture Partners & SAIF Partners, TravelTriangle has grown rapidly to serve over 15,000 travellers. The three year old company is helping customers from more than 60 countries to plan and design holidays according to their interests, destination of choice and budget. With more than 40 destinations in the offering and many more to be added in the near future, travellers can have unlimited customised itineraries.
Currently based in NCR (Noida and Gurgaon), the company is looking to open offices in other parts of the country as well, notably Bengaluru and Mumbai.
Sankalp Agarwal, co-founder and CEO, TravelTriangle said, “Improving holiday planning, booking and experience on the trip has been our core mandate. We not only provide customers with an unparalleled travel experience, but also endeavour to connect the local travel business experts to the benefits of e-commerce. This latest investment has been instrumental in our recent expansion drives. We are not only the category leader in fulfilment of holidays, but also have a high traveller happiness quotient which is reflected in the 94 per cent positive customer reviews.”
“We would also be focusing a lot on providing travellers with better tools to plan their holiday and travel agents to fulfill the needs of travellers over and above our current set. We have been working in stealth mode to prepare all the necessary elements for the rapid growth. With funding from amazing investors, a wonderful team and a great product we believe we are set to nail it,” Agarwal added.
Raghav Bahl from Bessemer Venture Partners said, “There is a huge pent up demand for customised holidays. A product which provides 10 times (10X) the travel experience along with value for money to the traveller is definitely worth investing. What is even better is the level of customisation and choice a traveller gets on the TravelTriangle platform which enhances his experience exponentially. A high quality experience is assured by the fact that travel experts are always in touch with the traveller, even while on the trip, to take care of any challenges.”
Taking the technology factor into account, Mukul Singhal, SAIF Partners said, “Use of deep technology to understand traveller preferences and then connecting them with the right travel expert is a key differentiator in TravelTriangle’s business model. The company has been able to leverage technology to provide a wow experience to the consumer and also, scale up at a rapid pace to be the market leader in its category.”