Triphobo, an online portal of user generated travel itineraries, has raised $3 million in a Series B round of funding. This investment round has been led by Mayfield with participation of existing investor Kalaari Capital.
The newly raised capital will be used for research & development, talent acquisition, scaling content and technology integration with the travel ecosystem. Earlier in July 2014, the company had raised a Series A round of funding
Triphobo is a visual trip planner which allows users to choose where they want to travel, suggests attractions, helps plan each trip day in detail and make bookings of the same through the platform.
It is running on an algorithm to optimize the trip by taking into account travel distances, open/ close timings, preferred mode of transportation and various other options. It also provides planning related information for over 50,000 points of interest that aid users in travel planning.
Praveen Kumar, co-founder and CEO of TripHobo, said,
We’re excited to be now associated two of the leading VC firms in India. Three years ago, we set out to create a global product out of India. Being avid travelers, my co-founders and I felt that there was a massive space for innovation in customization of travel. I believe we’ve been vindicated both by our users, who continue to love the product; and our investors, who’ve reposed their faith in our vision. Mayfield and Kalaari bring decades of rich experience in working with and guiding startups across the globe and we’ll definitely benefit from that.
Triphobo is a Pune-based startup which was founded in 2012 by Praveen Kumar, Karthk Ramachandra and Saket Newaskar with an aim to transform the travel experience by making travel more sharable and personally tailored.
The company claims to have over 70,000 user created itineraries and curated content for close to 400 top tourist cities worldwide.
Nikhil Khattau, Managing Partner, MF Advisors, advisor to Mayfield India II, said,
The ambition for Triphobo is to be the central point of the trip planning process by allowing users to plan, optimize and eventually book customized trips by leveraging technology. The founders of TripHobo have demonstrated a keen understanding of the industry and built a scalable platform that has seen great traction over the past year. We believe Triphobo represents the very best of Travel 3.0 and we are very excited to partner with the team.
