Image Source: Triphobo
‘TripHobo’ the personalised online trip planner has raised $3 million in series B round of funding. The funding has been raised from its existing investors Mayfield and Kalaari Capital. However, their degree of participation has not been disclosed.
The company vocally expressed their intentions for the newly acquired funds which will be used for research & development, talent acquisition, scaling content as well as technology integration with the travel ecosystem, reports VCCircle.
The company claims to stand out from the competitors, as it allows users to discover itineraries created by other users and use them for his/her planning. Users can also create their own itineraries from scratch and share it. The startup has developed a ‘Theory of Constraints’-based algorithm that claims to optimise the trip route chosen by a user, depending on the distances and open and closing time of attractions.
TripHobo boasts of such 70,000 user created itineraries and curated content for close to 400 cities worldwide
The online travel planner is owned and operated by Pune-based joGuru Inc, and was founded in 2012 by the trio of Praveen Kumar (CEO), Saket Newaskar (CTO) and Karthik Ramachandra (COO). TripHobo had previously raised $1 million in series A round in past July.
Apart from this, in March 2015, Delhi-based travel planning portal, Routofy had raised an undisclosed amount in funding from Snapdeal’s co-founders – Kunal Bahl and Rohit Bansal, with participation from Nikunj Jain, founder of Frankly.me.