TravelTriangle operates an online travel-booking platform that lets holidaymakers choose and secure travel plans while integrating offline travel agents who can tailor trips for customers. The company also provides a suite of back-office services to onboard agencies and help them generate additional revenue. TravelTriangle reported site traffic growth from two million to 2.5 million monthly visitors and has grown active travel agents on its platform to close to 700. The $12M Series C will fund product R&D, including a recommendation engine that suggests holidays based on user history and similar customers. Management also plans to broaden its destination selection beyond the current total of 65 by finding new partners outside India, and will invest in marketing to grow brand awareness. There is no immediate overseas expansion plan, though the service already has some overseas customers (notably Sri Lanka) and international expansion is seen as a two- to three-year prospect while the company pursues double-digit market share in India. TravelTriangle operates an online marketplace that connects consumers with small- and medium-sized travel agencies to find and book travel and holidays. The site acts as lead generation while agencies liaise with customers to tailor trips, much like in-person agency interactions. It claims more than 650 agents and over 65 destinations, and typically sees two million visitors per month with 50% organic traffic. Customers who book typically spend about $1,200, and two-thirds of trips are to overseas destinations; 60% of traffic is mobile while 70% of payments occur on desktop. Beyond commission on deals, TravelTriangle offers services to agencies — operations, analytics and finance — to deepen ties and secure listings. The company plans to use the Series B to expand the number of deals on its site, work with more agencies and introduce additional services for agent businesses.

Total raised

$22M

Funding rounds

2

Latest round

Series C

Latest activity

Apr 2018