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People love visiting places a lot. On the weekends, or in the long-termed holiday's nobody wants to sit back home and watch television. I assume! A few suffer with the question, with whom to go? So, most of the time plans get cancelled. But, I say, don't have a partner? Go, explore alone!
TravelTriangle is a travel agency to help people enjoy unforgettable experiences. Yes, with the help of local guides. Adding to the point local activities, offbeat attractions and especially the local cuisines are always standing ready to blow your mind off. Read the TravelTriangle success story below to know more.
TravelTriangle - Company Highlights
| Startup Name | TravelTriangle |
|---|---|
| Headquarters | Gurugram, India |
| Sector | E-commerce, Travel & Tourism |
| Founders | Sankalp Agarwal, Prabhat Gupta and Sanchit Garg |
| Founded | 2011 |
| Website | traveltriangle.com |
TravelTriangle - About
TravelTriangle -Startup Story
TravelTriangle - Founders And Team
TravelTriangle - Logo
TravelTriangle - Business Model
TravelTriangle - Revenue Model
TravelTriangle - Funding And Investors
TravelTriangle - Growth
TravelTriangle - Competitors
TravelTriangle - Future Plans
TravelTriangle - About
TravelTriangle offers various packages. Those are honeymoon and family packages, holiday deals and luxury holidays. Holidays help people to experience serenity, fun and adventure. This is one of the best travel portals to opt for a honeymoon package. The tours consist of snow-capped mountains and the architectural wonders. Almost everything is sure here in the entire journey with a blissful retreat.
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TravelTriangle -Startup Story
In the summer of 2010, the three childhood friends Sankalp Agarwal, Prabhat Gupta and Sanchit Garg went on a trip to Leh. It was a very nice experience for them and they were very pleased with the trip. They spoke to various travel agents but in the end, they found themselves cheated. The trip turned out to be a turning point for the three students of computer science. They started TravelTriangle in the year 2011. They helped the travellers to book personalized trips at the best prices possible.
TravelTriangle - Founders And Team
Sankalp Agarwal, Prabhat Gupta and Sanchit Garg are the founders of TravelTriangle.
Sankalp Agarwal is the founder and CEO of TravelTriangle. In the year 2020, he rejoined the company somewhere in late May or early June. Before, when he wasn't there, Sanjeev Misra took over as an interim CEO.
Prabhat Gupta is the co-founder and COO of the organization. He is an entrepreneur and growth hacker. He completed his education from Indian Institute of Technology, Guwahati.
Sanchit Garg was the co-founder and advisor of TravelTriangle. He was there for one year and seven months. Starting from December 2018 to June 2020.
TravelTriangle - Logo
TravelTriangle - Business Model
The company manages to fulfil the expectations of the customers. It maintains quality. It also checks and ensures that their customer gets the best deal. By choosing this company as their travel agency, TravelTriangle has built a SaaS-based customer relationship management platform. This is done to analyse customer interactions and data. The goal is to create a good business relationship with customers. Problems are always solved through technological innovation. They have built an online marketplace. It offers various quotes from verified travel agents. So, as a result, travellers plan themselves and the company ensures them the best deal.
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TravelTriangle - Revenue Model
The revenue model of the company is very simple. 5-8% of the holidays are always booked. At times it also goes up to 10% in some geographies. The company is cash efficient. As it is not a fulfilment company, it doesn't have fulfilment costs. They are only having marketing costs. Usually, a lot of payments come to the company before getting disbursed to the suppliers. So, a network effect is built. To keep suppliers onto the platform these things help the company to grow at very low burn rates.
TravelTriangle - Funding And Investors
TravelTriangle has raised a total amount of $47.9 million in funding over the 7 funnding rounds.
| Date | Transaction Name | Money Raised | Lead Investors |
|---|---|---|---|
| November 18, 2019 | Series D | $13 million | Fundamentrum, KB Global Platform Fund |
| October 17, 2018 | Debt Financing | $3 million | InnoVen Capital |
| April 10, 2018 | Series C | $12 million | Fundamentrum |
| February 7, 2017 | Series B | $10 million | RB Investments Pte. Ltd. |
| April 29, 2015 | Series B | $8 million | Bessemer Venture Partners |
| July 17, 2014 | Series A | $1.7 million | Elevation Capital |
| June 1, 2012 | Seed Round | $200, 000 | - |
TravelTriangle is funded by 10 investers. Fundamentrum is the most recent invester.
TravelTriangle - Growth
Starting from the year 2018, the company is growing currently. The market opportunity in the company is huge. Outbound holidays are a big opportunity today which are expected to grow more by 2021 and 2025. The company is investing especially in products, technology and brand building. The company marked its growth by opening a new office in Gurgaon's Udyog Vihar. This new office adds to the existing office in Noida. Here, it is clear that the empire is growing.
TravelTriangle - Competitors
The top competitors of the company are GoFro, ixigo, yatra and MakeMyTrip.
- GoFro is a travel technology startup by the former Snapdeal executive Amitabh Misra.
- Ixigo is the biggest rival of TravelTriangle. It is headquartered in Gurgaon, India.
- Yatra is one of the topmost competitors of TravelTriangle. It is a public company headquartered in Gurgaon, India. It was founded in the year 2006.
- MakeMyTrip is headquartered in Gurugram, Haryana, India. It was founded in the year 2000. This is a travel agency industry. The company generates 10,230% of TravelTriangle's revenue.
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TravelTriangle - Future Plans
The goal of the company is to double the market share in the sector. The aim is to invest in technology. Especially in artificial intelligence, machine learning and data analytics. It also focuses on consumer technology businesses. Also, they are planning to expand and strengthen overseas operations.
