Tripoto raises $3.6m from Orchid India, existing investors

Photo: Reuters

Travel portal Tripoto has raised $3.6 million (Rs 25 crore) in a fresh funding round from Orchid India, Hornbill Orchid India Fund, Chiratae Ventures, 3one4 Capital and Lasmer NV.

The startup will use the funding proceeds to scale up the community and marketplace. Some of the new areas that Tripoto is looking to focus on include vernacular content, short video and influencer commerce to leverage the strength of the growing community, it said in a statement.

“Our aim is to scale both B2C and B2B side of the platform. On the consumer front, we want to capture the entire life-cycle of a traveler— everything from getting inspired, discovering, planning and finally, carrying out the transaction. On the business front, we want to act as an enabler for travel agents and bring them online as an essential component of our community,” Tripoto co-founder and CEO Anirudh Gupta said.

Tripoto has raised Rs 50 crore in funding till date.

Launched in 2014 by Gupta and Michael Lyngdoh, Tripoto allows travellers to share itineraries and experiences on its platform. The company claims to have grown its revenue and user base by over 300 per cent in the last one year. It also claims to have created over 2 million travel itineraries with videos and photographs over the past five years, and currently clocks over 6 million monthly active users.

Tripoto has also developed a proprietary B2B CRM platform for travel agents, and aims to bring more than 10,000 small travel agents online.

According to Crunchbase, Tripoto had raised $2.5 million in a Series A round of funding in March 2017. The startup had raised an undisclosed amount in funding from Silicon Valley-based seed fund and startup accelerator 500 Startups, IDG Ventures, and Advantedge fund in October 2015.

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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.