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 its global operations to expand rapidly after COVID-19. The Singapore-based company is present in more than 110 countries and works with travel agents and other industry players to offer customized vacation packages through its advanced platform. Users can book their dream vacation through the TripFactory website (www.tripfactory.com) or ask the company’s experts to create an individual holiday plan for you.
TripFactory’s innovative platform integrates on-site logistics and service delivery, ensuring an exceptional travel experience for its customers.
“We are excited to invest and partner with TripFactory as they continue to transform leisure travel on a global scale,” said the company’s investors “With their dynamic team, vision ambitious and strong values, TripFactory is well positioned and equipped to be an entrepreneurial business leader with proven ability to build and scale a profitable global business.”
With demand for vacations rising post-pandemic, India has emerged as one of the top 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 be the world’s largest travel company,” said Vinay Gupta, founder and CEO of TripFactory “It will allow us to expand our market presence, diversify our product offering and customer experiences promotion in current and new markets “We continue to focus on improving the quality of service on our platform.”
Other notable new shareholders who 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 holiday packages in 32,000 cities worldwide. With more than 800 employees in 62 countries, TripFactory is committed to providing world-class service to travelers. To date, the company has served customers from more than 94 nationalities.
For more information, see www.tripfactory.com.
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