2024-10-29 18:48:00
TripFactory, a leading global travel platform with a strong presence in India, has raised $50 million in Series A funding from a prominent international group headquartered in India. This investment values the company at half a billion dollars.
Founded by Vinay Gupta and a team of experienced entrepreneurs including Amit Aggarwal, Varun Gupta, Deepak Khurana, Ankit Agarwal, Ankush Agarwal, Ali Asger Lightwala and Ahmed Khan, TripFactory has rapidly expanded its global operations post-COVID-19. The Singapore-based company is present in over 110 countries and works with travel agents and other industry players to offer customized holiday packages through its advanced platform. Consumers can book their dream vacation through the TripFactory website (www.tripfactory.com) or have the company’s experts create an individual vacation plan for you.
TripFactory’s innovative platform seamlessly integrates on-site logistics and service delivery, ensuring an exceptional travel experience for its customers.
“We are excited to invest in and partner with TripFactory as they continue to revolutionize leisure travel on a global scale,” said the company’s investors. “With their dynamic team, ambitious vision and strong values, TripFactory is well positioned and equipped to be an industry leader a proven ability to build and scale a profitable global business.”
With demand for vacations rising post-pandemic, India has emerged as one of the leading source markets for international travel. TripFactory is at the forefront of meeting this growing demand with a unique offering.
“This investment strengthens our ambition to become the largest travel company in the world,” said Vinay Gupta, founder and CEO of TripFactory. “It will enable us to expand our market presence, diversify our product offerings and improve customer experiences in existing and new markets. We “We continue to focus on improving the quality of service on our platform.”
Other notable new shareholders who have joined the company in this funding round include Vani Kola, Mohandas Pai and Ranjan Pai.
Information about TripFactory:
Headquartered in Singapore, TripFactory is a global leader in customized vacation planning and seamless travel experiences. Founded in 2014, the company works with sales partners in 110 countries and 1,700 cities and offers vacation packages in 32,000 cities worldwide. With over 800 employees in 62 countries, TripFactory is committed to providing travelers with world-class service. To date, the company has served customers from over 94 nationalities.
For more information, see www.tripfactory.com.
1730237066
#TripFactory #NexusDMC #parent #ORN #Ventures #secures #million #Series #funding #Global #Corporate
