Travel-tech startup Holiday Tribe has raised INR 5.4 Cr in seed funding. The investment round was led by Powerhouse Ventures and GSF with participation from notable investors including Dinesh Agarwal and Dinesh Gulati of India Mart, Murugavel Janakiraman of BharatMatrimony.com and actor Gaurav Kapur.
The investment will be directed toward strengthening the brand’s tech capabilities, supply network and brand-building initiatives. Headquartered in Gurgaon, Holiday Tribe was founded by ex-MakeMyTripexecutives Anshu Sharma and Chirag Goyal in 2023.
The brand offers customizable holiday experiences across destinations, catering to family and friends, couples and honeymooners, adventure-seekers, and those looking to explore new or unexplored destinations. With an extensive supply network of more than 100,000 hotels across the globe and partnering with more than 10 tourism boards, Anshu and Chirag are confident of the brand’s growth story. 2024 has been the year of the travel boom with an unprecedented rise in the number of Indian travellers exploring destinations worldwide.
Read also – Frammer AI Secures $2 Mn Seed Funding Round from Lumikai
According to a FICCI-Nangia knowledge paper, India’s outbound tourism market is expected
to reach US$ 18.81 billion in 2024 and grow at a CAGR of 11.4% in the decade between 2024 and 2034 to reach approximately US$ 55.38 billion. Likewise, India’s online travel market is expected to grow at a CAGR of 10.5% between 2024-29, from US $17.24 billion to US$ 28.40 billion. As India’s travel narrative progresses, bolstered by visa exemptions and expanded international flight options, the outlook for 2024 is promising, with considerable potential for continued growth in both domestic and international tourism.
Anshu Sharma and Chirag Goyal, co-founders of Holiday Tribe, said in a joint statement“Travel witnessed significant growth in the post-Covid era. People want to holiday with family and loved ones, and explore newer destinations more than ever. Holiday Tribe was established to meet this growing demand while addressing a key market gap – the lack of accuracy and agility in curating customized solutions for customers. We continue to work towards narrowing this gap with the implementation of robust back-end technology to provide timely solutions, in line with customer preferences. This influx of capital will further our brand building efforts through better integration of latest technology, expanding our supply network and exploring newer destinations. We are excited to embark on this journey with our partners at Powerhouse Ventures and GSF, and are optimistic of emerging as a leisure travel partner of choice for avid travellers.”
About Holiday Tribe
Holiday Tribe is a travel tech brand specializing in leisure travel and creating memorable holiday experiences. What sets Holiday Tribe apart is the (a) Integration of technology to bring speed, scale, and accuracy in curating holidays, (b) Harnessing the prowess of human capital and talent, and (c) Intently focusing on customer success throughout the booking & travel journey to create delightful holiday memories. The brand has curated holidays to more than 30 destinations across the world with endless options of customization.
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