Matrix Partners India along with the existing angel investors Blume Ventures and GSF Superangel Investors, co-invested in WeAreHolidays, online marketplace for booking customized holiday packages.
WeAreHolidays will use the funds to grow its business and deepen its technology and analytics expertise.
Founded in 2011 by Deepak Wadhwa, Harkirat Singh (both former Product Managers at MakeMyTrip) and Mohit Piplani, WeAreHolidays enables travellers to plan and book their holidays online.
“Indians travelling overseas for leisure alone is a $5 to $7 Billion market and is growing at 40% annually. 10% of this comprises complex customized holidays, a segment which is growing much faster than other segments as travellers seek more personalization and control over their holidays. Across the world we’ve seen how marketplaces have brought more choice & power to the consumer and we believe holidays are no different.” [Deepak Wadhwa, co–founder and CEO of WeAreHolidays]
WeAreHolidays earlier raised angel funding from Mumbai Angels, Blume and GSF and crossed $1mn in revenue in 2014.
Recommended Read : Startup Lessons Building WeAreHolidays [Keep People Super Happy]