Bangalore-based iTraveller Tours Pvt Ltd, which owns and operates travel marketplace iTraveller.com ,a technology driven travel marketplace startup, has raised $1 million in Series A funding from ah! Ventures, Lets Venture, and Mantra Ventures.
The funds will be invested in technology and marketing, with increased focus on mobile devices and enhanced user engagement across the value chain.
“With this fundraise, our singular focus is to achieve scale. We want to become the largest tech-enabled platform for holidays in the country, with an ambitious target of one billion dollar transactions in five years from now,” said Shiju Radhakrishnan, founder and CEO of iTraveller. “The idea is to inculcate the culture of online discovery and planning, leading to transactions, which translates to a technology driven marketplace model.”
iTraveller was founded in early 2012 by Radhakrishnan, Chitra Parija (head- operations) and Prashant George Varghese (head- online marketing).
iTraveller has created a proprietary technology backbone, which functions as a marketplace for holidays. Travellers can discover and completely personalize their trips on iTraveller. There are over 2 lakh trips created by users on iTraveller, features over 20 travel destinations across the globe and over 60 native wholesale suppliers from across these destinations.