Bag2Bag, a travel technology startup, based out of Bangalore, India which deals in online hotel booking have received their first external funding from a US based investor.
This is still a tough phase in travel and hospitality sector, but Bag2Bag’s growth is significant, future plans are promising and the team is experienced which has established Investor’s belief in the startup, the company said in its statement.
While the amount of investment remains undisclosed, but the seed funds received will be good enough at this point for startup to expand to next level. At present when Bag2Bag is already generating good revenue to cover its operational cost, this seed funding will help them to strategically work on enhancing the platform capability, strengthening the talent pool, expanding their partner’s footprint, and adding more services to offer on their platform, the statement said.
The current staff strength is 15 including founders Alok Mishra, Anurag Tiwari and Gaurav Garg. The company is hiring a few more to add in Software development, Sales, and business development in next 3-6 months, it said.
Alok, the founder of Bag2Bag, has also mentioned that Bag2Bag platform is not going to be about just short stays. The company is working towards shaping the platform to be more of a hospitality booking application rather than just hotel booking application.
