Bengaluru-based iTraveller.com, a technology driven travel marketplace startup, has raised its Series A funding of USD 1 Million through ah! Ventures’ investment network, CLUB ah!.
Besides the existing investors of iTraveller and new investors from ah! Angels & LetsVenture, this was a first deal where ah! VC, the VC network of CLUB ah! also participated.
“With this fund raise, our singular focus is to achieve scale, from the current 20 room nights a day to over 100 room nights, within 12 months. We are resolved to become the largest tech-enabled platform for holidays in the country, with an ambitious target of one billion dollar transactions in fives years from now.”, said Shiju Radhakrishnan, Founder & CEO of iTraveller.
Founded in early 2012, iTraveller has created a proprietary technology backbone, which functions as a marketplace for holidays. The travellers can discover, plan and book their trips. They can completely customize & buy their trips online.
On the supply side, iTraveller aggregates native wholesale suppliers who are responsible for the operational aspects of the business that include ground handling and fulfillment. The travellers who come online on iTraveller can choose their destinations, discover the hotels and transfers compare reviews and plan their activities and sightseeing for their trips. There are over 2 Lakhs trips created by users on iTraveller, features over 20 travel destinations across the globe and over 60 native wholesale suppliers from across these destinations.
Started in 2012, the CLUB ah! platform boasts of over 2000+ startups, 400+ seed/angel investors and over 50 VCs and intuitional investors. Till date CLUB ah! has invested close to INR 14 crores across 10 startups including iTraveller.