TravelTriangle, India’s leading online holiday marketplace, has raised $8.6 Mn in Series D led by South Korea-based KB Global Platform fund and Nandan Nilekani-led The Fundamentum Partnership Fund I. Others investors include SAIF Partners, Bessemer Venture Partners, RB investments also participate in this round. The company was founded by Sankalp Agarwal, Prabhat Gupta and Sanchit Garg in 2011.
Earlier in October 2019, TravelTriangle raised $3 Mn venture debt investment by Asian venture debt and speciality lending firm InnoVen Capital.
It is understood that the company will use funds for its expansion and business growth.
TravelTriangle operates with a versatile team of 450+ people. It has a highly tech-driven product that witnesses around 20 lakh visitors every month. Currently, it is serving 65+ destinations and hosting a network of 650+ expert holiday planners that is, our travel agents. Having raised close to a cumulative funding of $20 Mn from SAIF Partners, Bessemer Venture Partners and RB Investments put together, the company has already achieved operating profitability and on track to become EBITDA profitable by next year.
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