India’s TravelTriangle raises $13m led by KB Global, Fundamentum

Photo: Reuters

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.

Other investors who participated in the round include RB Investments, SAIF Partners, Bessemer Venture Partners, among others, said media reports.

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.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.