SAIF Partners has invested INR 10 crores in TravelTriangle.
Started in 2010 by three IIT post-graduates, TravelTriangle is a marketplace for travel agents who can provide customised tours packages to travellers at the best prices (read NextBigWhat‘s earlier coverage of TravelTriangle).
TravelTriangle enables customers to connect to multiple local travel agents, get quotations, customise their trips according to their preferences and book through the site directly. The company is already clocking in around $3.5 million in annual gross transaction value run rate.
“We already have 30,000 to 40,000 uniquely-personalised itineraries from 430 travel agents on our website. Thanks to the reliable fulfillment we offer, we have a large number of repeat customers and positive reviews on the site. Although the company is profitable, we could feel a palatable need to invest in technology and product. This round of funding from SAIF Partners will enable us to create vital intelligence around Pricing, Engine, User Data and Mobile.” [Sankalp Agarwal, Co-founder & CEO at TravelTriangle]