Renowned online travel marketplaceTripShelf has raised the fund worth 250,000 USD in a pre-series round ‘A’ Delhi-based GEMS Group in the financial market. Althoughthe exact figure of the amount has been kept undisclosed, the revealed part says of funding $250,000 by the domestic firm.
The respective travelling based business was established by Father-Son duo Jai Raj Gupta and Dhruv Gupta in partnership with Sukhmani Singh in April 2016. The website serves largely to those customers who tend to plan a holiday in a proper manner. The recent fundraising will help in establish traction with the clients and travel operator community.
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The online travel marketplace helps million of travellers discover, compare and buy the best of holiday packages from leading tour operators. Currently in India, 80% of its users who shop online for travel end up searching more than 15 web portalsbut mostly in vain. Thus, this particular company happens to be the one-stop solution for leisure travellers. It will provide you with a comprehensive listing of national and international destinations adjoined with tour operators from around the globe.
The enterprise who funded TripShelf, GEMS Group is an early-stage sector fundraising company that are customer centric and leverage technology as a scale multiplying factor for delivering high shareholder value. It also believes in lessening risk factor, associated with investment strategy, time as well as vertical expertise with the help of portfolio firms.
Stepping in the shoes of big players like “Yatra” and “Make My Trip”, TripShelf is keen to set a market in leisure travelling segment. Currently, India boasts a market value of $4 billion, its unique and scalable business strategy gives a niche competition to its counterparts. The company is planning to expand its activities so as to out-reach 100 operators offering more than 1000 packages in India and Abroad.