Holiday Triangle Travel Pvt. Ltd, which operates online travel portal TravelTriangle.com, has raised $13 million in its Series D round of funding from South Korea-based KB Global Platform fund and Nandan Nilekani-led The Fundamentum Partnership Fund I.
Gurugram-based Triangle Travel last raised $3 million in venture debt from Singapore’s Temasek Holdings-backed debt provider InnoVen Capital in October 2018. It raised $12 million in Series C funding The Fundamentum early last year.
Founded in 2011 by Sankalp Agarwal, Prabhat Gupta, and Sanchit Garg, TravelTriangle connects users with travel agents online, fetches price quotations, customize holiday trips and helps make bookings.
The company has over 650 agents and 65 destinations and has provided its services to more than 22 lakh customers. It has already achieved operating profitability, and is on track to become EBITDA profitable by next year, according to its website.
According to company insights provider Owler, TravelTriangle’s competitors include Tripoto, Exodus Travels, TripHobo, HolidayIQ, among others.
Earlier this year, Tripoto raised $3.6 million from Orchid India, Hornbill Orchid India Fund, Chiratae Ventures, 3one4 Capital and Lasmer NV.