14 December 2016, India :
Travel-tech startup Qacco has secured $150,000 in its latest round of funding. The round was led by Lead Angels Network – an alumni-focused pan India angel network. LetsVenture – a platform that connects startups with investors also participated in the round.
The startup, operated by Qacco Hospitality Pvt. Ltd, will utilize the fresh funds to develop its technology, build the team and create B2B focussed marketing campaigns, Chaitanya Jha, co-founder, told Techstory in an email interaction.
Qacco currently has tied-up with 300 top rated hotels across 95+ destinations in India. From jungle lodges to beach retreats, from heritage hotels to homestays, Qacco has a wide range of experiential hotels offering exclusive deals in its collection. The startup earns its revenues through a margin charged from the hotels on the booking value.
“Qacco is India’s first virtual holiday desk exclusively for corporate employees. Unlike regular online portals, Qacco provides restricted access to only the employees of companies that signup with Qacco. Employees can then access exclusive travel deals from curated hotels & homestays by logging in through their official email ID for their personal holidays,” explained Chaitanya.
“I met Chaitanya in October 2016 and I was instantly sold on his idea and capability to execute it. As someone who loves travel, I could easily relate to Qacco’s vision and I think it taps into a big market. The concept of a virtual holiday travel desk for boutique hotels is a much needed digital solution. I can see the Qacco’s B2B and B2C business model with low acquisition costs and large market size fit very well with the target customer. I look forward to seeing the business grow and to be part of the journey” said Anbu Pandian, who invested in Qacco through LetsVenture.
Gurgaon-based startup was launched back in 2015 by Chaitanya Jha and Abhinav Imandi. Qacco enables curated hotels to sell exclusive deals to a large closed user group of corporate employees.