Holiday planning start-up Holidify, has recently raised $100 Thousand in its angel round of funding. The Delhi based start-up — which was founded last year by IIT Bombay graduates, Kovid Kapoor and Rohit Shroff — confirmed the fact, while communicating with us via a press release.
The investment round was led by the promoters of Aarti Group (BSE: AARTIIND) and included others, such as Naman Sarawagi (Founder, FindYogi) and Himanshu Sarawagi. The funds raised through this round will go towards technological and content based expansion.
The company has seen a period of rapid growth over the past few months — courtesy its innovative system of providing users with relevant information and ideas about holidaying. Users can simply log on to the website and get all the essentials, such as information about reaching a particular destination, the top places to visit, things to do, local cuisines etc. thanks to Holidify’s smart recommendations engine.
According to data from the company, their website receives around half a million users every month. Similarly, the Holidify App has already seen over 10,000 downloads since its debut in June, and is presently the highest rated travel app in the country. Pretty impressive figures, coming from a company that is barely a year old!
The fact that the promoters of Aarti group have chosen to make this commitment in Holidify is a further good sign for the company, considering the former’s experience in the field of venture funding — which has included Bewakoof.com, Education start-up Plancess and Humming Whale, in the past.
The company has no plans to stop here and is already in talks with various VC firms to realize another, bigger round of funding, after which they plan to expand operations and offer customized packages to consumers looking for holidaying.