India-based leading holiday marketplace Travel Triangle is said to have raised as much as $10 million in a Series B fundraising event through the help of RB Investors. Rising and gearing up ahead at a great pace, the online marketplace happens to be the nation’s largest platform for the public interested in traveling or planning a vacation. The event also witnessed the participation of existing investors like SAIF Partners, Bessemer Venture Partners, etc.
Earlier, it raised near about 8 million USD via Series A funding from venture capitalists in 2015. Opened itself for angel funding 2013 with a petty amount of Rs. 60 lakhs, Travel Triangle emerged as a winning bait for the online marketplace eventually having a pre-series A funding of 1.7 million USD a year later. The ability to generate funds successfully within three years of the launch, India’s most preferred holiday planners, is all set to use the funds for business expansion and hiring services.
According to an interview given to leading daily, Co-Founder & CEO Sanjay Aggarwal stated as “we have grown faster than OTAs in the leisure segment and now fast approaching their scale. With the association with RB Investments in this round, we will achieve our vision faster. Our success up till now has been the effort of our super motivated team. As we charter the next phase of growth, my aim is to bring together the best in the industry and make TravelTriangle an employer of choice.”
Placing the fundraising event as very profitable and perfect click-bait, the existing investors, as well as series B investors, told the public that out of more than billion people, almost 55 million hold passport and more than that they prefer spending leisure duration by roaming and visiting places. So, for such instances, Travel Triangle helps one and all to render upon a proper planning and travel distances, especially abroad. In fact, last year near about 18 million people traveled overseas of which more than half of them chose Travel Triangle.
Its main motto is to create an ecosystem for travelers who tend to plan their vacation followed by booking and sharing so as to give a chance to the travel agents to analyze, track, sell as well as manage all the holidays taken up by the customers. This particular fundraising event will further be used in hiring employees, business expansion through networking, thus merge with more than 200-holiday destinations across the globe.