Tripoto, an online community for travellers to share real experience stories, has raised Series A round of funding from 500 Startups, IDG Ventures, and Advantedge Fund. Along with them, angel investors – Neeraj Arora and Leon Seynave also participated in this funding round.
The company will be using the newly raised funds for strengthening technology, content, and community with the introduction of video content, automated content creation tools, social publishing features, and personalization.
Tripoto is planning to continue to raise more capital to grow at an even faster pace. It is also looking forward to expand its operations to global market.
Earlier, in March this year, the company had raised an undisclosed sum in pre-Series A round. Prior to that, it has received $400,000 in seed funding from a group of angel investors, including Snapdeal founders Kunal Bahl, Rohit Bansal, and Sachin Bhatia of Trulymadly.
The two years old startup was founded by Anirudh Gupta and Michael Lyngdoh. Tripoto is a travel community website which brings together travellers from around the world to share and discover real, and actionable crowdsourced travel stories.
As per the company, it’s website is now having around two million monthly active users, up from the 600,000 it had back in March. The app downloads have also gone from 0 to 250,000 and the cumulative monthly users across platforms have increased more than 3 times – from 600,000 to 2 million.
Tripoto aspires to be the one-stop app for travellers to discover, plan their travel. In near future, users will also be able to carry out transactions around the community model.
Anirudh Gupta, Founder and CEO, Tripoto, said,
We are now working towards the extreme personalization of the user experiences on Tripoto through our own collected big data in travel. Personalized news-feeds, native ads and the deep integration of hotels and homestays into the content are the next steps for us. It is important that hotels and homestays that are relevant to the content and the context of the traveler and we are in a very strong position to solve that.