2015-05-22

Travel start-up iTraveller to raise $10 million in Series B round

iTraveller.com had raised $1Mn in February this year from ah! Ventures, LetsVenture & Mantra Ventures.

Travel start-up iTraveller to raise $10 million in Series B round

iTraveller.com (iTraveller Technologies Private Limited), a technology driven travel marketplace startup based in Bangalore, has announced it is looking to raise series B round of $10 million.

iTraveller.com had raised $1Mn in February this year from a clutch of investors, including ah! Ventures, LetsVenture & Mantra Ventures.

Founded in early 2012, iTraveller is a proprietary technology backbone, which functions as a marketplace for holidays. The travellers can discover, plan and book their trips.  They can completely customize & buy their trips online. On the supply side, iTraveller aggregates native wholesale suppliers who are responsible for the operational aspects of the business that includes ground handling and fulfillment. This pans out a scalable marketplace model for holidays, for the first time in India.

“The next large round that we are looking to raise would be used to give a substantial boost to our marketing and branding initiative along with beefing up our technology capabilities internally,” Shiju Radhakrishnan, Founder & CEO, iTraveller told EI.

“We have a 35 members team now which we plan to take up to 60 by end of June and to 200 once we raise our next round. We are seeing a 12 per cent month on month growth in gross sales value since February 2015 and plan to reach USD 1 Billion GSV by 2019,” said, Radhakrishnan.

Related opportunities
  • Iceil Stretch Ceilings has evolved into No. 1 stretch ceiling..
    Locations looking for expansion Tamil nadu
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 5lakh - 10lakh
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Saidapet Tamil nadu
  • Car Wash / Ceramic Coating / Detailing
    5K Car Care Private Limited is a market leader in..
    Locations looking for expansion Tamil nadu
    Establishment year 2012
    Franchising Launch Date 2023
    Investment size Rs. 50lakh - 1 Cr.
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Coimbatore Tamil nadu
  • Casual Dine Restaurants
    Dixy is popular as Dixy Chicken in UK. Dixy was..
    Locations looking for expansion Punjab
    Establishment year 2023
    Franchising Launch Date 2023
    Investment size Rs. 50lakh - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ludhiana Punjab
  • Drinking Water
    Packaged drinking Water is a fastest growing, with cagr of..
    Locations looking for expansion Karnataka
    Establishment year 2002
    Franchising Launch Date 2022
    Investment size Rs. 30lakh - 50lakh
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pan india Karnataka
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads