Traveltech startup Journey Buddy has bagged an undisclosed quantity in a funding spherical from early-stage funding platform Mumbai Angels.
Journey Buddy plans to spend 55% of the raised funds on product growth and expertise enhancements. The corporate goals to construct a platform for 240 million customers by 2025-26, it mentioned in a press launch.
The startup additionally plans to combine a web based reserving platform into the direct-to-consumer (D2C) market and introduce a slew of curated providers so as to add extra income streams.
Based by Saurav Chakraborty together with Vijay Saini and Paromita Bir in 2020, Journey Buddy lets travellers discover journey companions and native specialists throughout widespread locations and operates a D2C on-line market.
The platform claims that it has constructed a worldwide group of greater than 1 million journey content material creators whereas greater than 25,000 journey suppliers are promoting their providers via the platform.
“It will likely be our focus to open a brand new area of unique offers in Journey buddy, in making a win-win state of affairs for each our travellers and the service suppliers. We’re assured that the contemporary funds will tailwind the execution of Journey Buddy’s deliberate initiatives for the longer term,” mentioned Chakraborty.
The app will provide journey suppliers satisfactory results in maintain the enterprise and a platform for travellers to attach, share and meet, the corporate mentioned.
“After a short lull, the journey market is buoyant with accelerating calls for. Journey Buddy has ensured belief and an exhilarated expertise for its travellers via a novel answer that holds immense potential to handle the ache factors inherent within the journey business,” mentioned Nandini Mansinghka, co-founder and chief govt of Mumbai Angels.
With the pandemic receding, travel-tech startups are actually making a restoration. Enterprise capital companies are fueling the growth plans of the startups within the area in order that they’ll money in on the surging revenge journey and double down on growth plans.
For example, in July 2022, travel-as-a-service platform Spotnana raised $75 million in a spherical led by Sturdy Capital Companions LP, with participation from present backers Madrona Enterprise Group, Iconiq Progress, Mubadala Capital and Clean Ventures.
Headout, Itilite, TravClan, and HappyEasyGo are the opposite 4 startups within the travel-tech area to have raised contemporary funding in 2022.