Online D-I-Y travel booking platform Pickyourtrail has raised undisclosed funding from Kunal Shah (CEO, Cred), Adit Parekh (Ex Blume Ventures), and Vinay Ahuja (Executive Director, IIFL Wealth) and existing investors.
The startup plans to use this fund to gain leadership in the leisure space and become the travel brand of choice for new-age travelers across the globe.
Chennai-based startup was founded in 2013 by Hari Ganapathy & Srinath Shankar, Picyourtrail offers each of its customers an exclusive international itinerary through its advanced D-I-Y technology product. With this online facility, travelers have the freedom to control and completely customize their itinerary based on their budget, needs, and interests.
Hari Ganapathy, Co-founder of Pickyourtrail, said, “The valuation and double down by both new and existing investors is a great validation to both the market potential. The entire team has shown great resilience in having survived the pandemic despite the two-year ban on international flights. The team adapted quickly and launched newer vertical like staycations, our global biz and also beefed up our product and tech”.
“Going global was always on the roadmap and our initial experiments through the first and second wave of the pandemic gave us an opportunity to test out the market. There is a clear gap for a reliable global holiday travel brand and we believe that our expertise in catering to one of the most value conscious customer segments (India) puts us in a unique position to build out that brand with our market-leading tech! Markets like the USA have a $100 billion+ outbound travel scope and even a small share of that pie is a significant opportunity,” said, Srinath Shankar, Co-founder of Pickyourtrail.
As part of its global expansion plans, Pickyourtrail opened a new office in Dubai last week.
So far, the company has served over 20,000 customers from more than 15 countries through its platform.