Travelstop, which is an expense and business travel firm has now secured $3 Million in the funding round of Pre-Sales A led by the Accel Partners along with the participation from some of the existing management investors of SeedPlus and Strive.
Travelstop uses Artificial Intelligence-driven personalization to customize the experience of booking travel by corporate employees. It also builds the tools for the more efficient management of travel arrangements and expenses by employers. The company revealed that it would utilize the new capital to build out its product and sign up for more large clients.
“Traditional business travel management tools have not kept pace with modern times. They’re complicated, disjointed, expensive, and they don’t offer choice – we want to change that,” said Prashant Kirtane, co-founder and CEO at Travelstop.
The startup as of now provides its product as a localized offering in seven markets across Asia. It also revealed its partnership with the Southeast Asian travel technology firm Traveloka, to get access to a large flight and hotel inventory for its business customers.