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TravelTriangle plans to transform tourism landscape in India post its $8 mn funding from Bessemer Venture, SAIF Partners

Travel
Triangle is an online marketplace which lets customers connect with multiple
local travel agents, get quotations, customize their trips and make bookings
through the site.  The company leverages deep technology to enable the
traveler to discover, plan and flawlessly execute their travel plans.

Travel
Triangle is an online marketplace which lets customers connect with multiple
local travel agents, get quotations, customize their trips and make bookings
through the site.  The company leverages deep technology to enable the
traveler to discover, plan and flawlessly execute their travel plans.

Post the
company’s latest funding round of $8 million from Bessemer Venture Partners
& SAIF Partners, TravelTriangle claims to have  grown to serve over 15,000 travelers. The
three year old company is helping customers from more than 60 countries to plan
and design holidays according to their interests, destination of choice and
budget. With more than 40 destinations in the offering and many more to be
added in the near future, the company is well on its way to realize its vision
to transform the tourism landscape in the country.

A traveler
can easily design a customized travel plan using multiple holiday options, on
the company’s website, based on his destination of choice or interests, like adventure,
nature, pilgrimage and many more. The TravelTriangle platform then connects
travel experts and travelers based on the travelers’ specific requirements. Finally,
the traveler receives not one, but three options for the holiday. The platform has
implemented multiple checks and balances to ensure the quality of service is
delivered.

Currently
based in Delhi NCR (Noida and Gurgaon), the company is looking to open offices
in other parts of the country as well, notably Bangalore and Mumbai.

Established
in October 2011, TravelTriangle has a team of 150 people and a bouquet of 450+
expert agents across the globe. The company is the brainchild of three IIT
alumni – Sankalp Agarwal (IIT Kharagpur), Sanchit Garg (IIT Bombay) and Prabhat
Gupta (IIT Guwahati) – who wanted to connect travelers with safe, reliable,
local and verified holiday planners in various destinations around the world.

“There
is a huge pent up demand for customized holidays.  A product which provides 10 times (10X) the
travel experience along with value for money to the traveler is definitely
worth investing. What is even better is the level of customization and choice a
traveler gets on the TravelTriangle platform which enhances his experience
exponentially. A high quality experience is assured by the fact that travel
experts are always in touch with the traveler, even while on the trip, to take
care of any challenges,” said Raghav Bahl of Bessemer Venture Partners.

Taking
the technology factor into account, Mukul Singhal of SAIF Partners said, “Use of
deep technology to understand traveler preferences and then connecting them
with the right travel expert is a key differentiator in TravelTriangle’s business
model. The company has been able to leverage technology to provide a wow
experience to the consumer and also, scale up at a rapid pace to be the market
leader in its category.”

Speaking
about the company’s mantra, Sankalp Agarwal, Co-Founder & CEO,
TravelTriangle said, “Improving holiday planning, booking and experience on the
trip has been our core mandate. We not only provide customers with an
unparalleled travel experience, but also endeavor to connect the local travel
business experts to the benefits of e-commerce. This latest investment has been
instrumental in our recent expansion drives. We are not only the category
leader in fulfilment of holidays, but also have a high traveler happiness
quotient which is reflected in the 94% positive customer reviews.”

“We
would also be focusing a lot on providing travelers with better tools to plan
their holiday and travel agents to fulfill the needs of travelers over and
above our current set. We have been working in stealth mode to prepare all the
necessary elements for the rapid growth. With funding from amazing investors, a
wonderful team and a great product we believe we are set to nail it,” he added. 

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