TravClan Technology India Pvt Ltd, which runs global business-to-business (B2B) travel startup TravClan has raised $4.7 million in its extended pre-Series A funding round from Hashed emergent fund.
The round also saw participation from Nick Talwar, CEO at Circle Up; Aayush Phumbra, Ex co-founder of Chegg; Travis Katz, Ex co-founder of Trip.com; Pritesh Gupta, Ex co-founder of Zipgo; and Vikram Chopra and Mehul Agrawal, Co-founders of Cars24.
The New Delhi-based TravClan was founded in 2018 by Arun Bagaria, Chirag Agrawal, and Ashish Thapliyal, It helps agents build and grow their travel business online by setting up websites and selling products digitally.
The startup also provides marketing tools that allow its users to generate more demand from social media, and earn more profit by booking flights, hotels, and vacations with suppliers from all over the world on its platform.
“Offline travel agents sell over $500 billion travel every year. Covid has accelerated the need and demand from travel agents to digitize their operations. Our platform is enabling travel companies to rebuild their business faster and earn a better livelihood by generating more demand. Our tech-first approach to solving challenges faced by travel businesses has allowed us to build a highly capital-efficient business with a small team”, said, Arun Bagaria, Co-founder and CEO, TravClan.
“The additional capital raised within three months of the previous round allows us to double down on investing in product and technology as we look to rapidly scale 10x over the next year”, he added.
The startup aims to expand its presence to eight cities in India, Dubai, and Singapore and plans to start operations in the US and Southeast in the next 12 months. In July 2021, TravClan had raised $2.2 million in its pre-Series A funding round from S Korea and Singapore-based TheVentures and Leo Capital.
They are like Shopify + Udaan for Travel. Even today, USD 500 billion+ of travel is still sold offline through travel agents. That is 3 times the size of online travel. At TravClan, they are on a mission to solve a genuine problem faced by millions of travel entrepreneurs across the world. They help travel agents generate more business by building their online presence.
They also enable travel agents to book flights, hotels, and holidays with suppliers across the world. Using technology, they provide travel agents access to great products and best price. For a young company, they continue to grow quickly with 15,000+ travel agents and suppliers across the 7 continents, generate revenue since day one, and are backed by industry experts & venture capitalists.