TripFactory secures $50 million funding
TripFactory, a global travel platform with a strong presence in India, has raised $50 million in Series A funding.
The new investment values the company at half a billion dollars.
TripFactory has rapidly expanded its global operations since the pandemic recovery and now has a presence in over 110 countries.
The Singapore-based company partners with travel agents and other travel sellers to offer customised vacation packages.
Consumers can book dream holidays via the TripFactory website or via a travel professional.
“We are excited to invest in and collaborate with TripFactory as they continue to revolutionise leisure travel on a global scale,” said the undisclosed corporate investors.
“With their dynamic team and strong values, TripFactory is well-positioned as an industry leader.”
The company says India has emerged as one of the leading source markets for international travel.
“This investment reinforces our commitment to becoming the world’s largest vacation business,” said Vinay Gupta, CEO of TripFactory.
“It will allow us to expand our market presence and diversify our product offerings.”
Other named investors which contributed in the funding round include Vani Kola, Mohandas Pai, and Ranjan Pai.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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