TravelTriangle, an online marketplace for holiday packages, has raised $13 million (approximately Rs 93.41 crore at current exchange rates) in its Series D funding round from South Korea-based KB Global Platform fund and the Nandan Nilekani-led The Fundamentum Partnership Fund I.
KB Global invested Rs 32 crore via cumulative convertible preference shares and Fundamentum invested Rs 29.5 crore, an external spokesperson for TravelTriangle said in a statement to VCCircle.
The Gurugram-based raised the remaining amount from a third investor, Inc42 reported. It did not disclose the identity of the investor.
VCCircle has reached out to TravelTriangle for further details on the investment and will update this report accordingly.
TravelTriangle, which is operated by Holiday Triangle Travel Pvt. Ltd was founded by Sankalp Agarwal, Sanchit Garg and Prabhat Gupta in 2011. The company has over 650 agents and 65 destinations and has provided its services to more than 22 lakh customers, according to its website.
It allows customers to select a budget range and duration of a holiday, including the option of choosing a domestic or international destination. It sorts the packages available on its platform into categories based on recommendations, popularity, package price and duration.
In October last year, it raised $3 million (around Rs 22 crore) in venture debt from InnoVen Capital. It also raised $1.25 million from the firm in 2015. The startup raised $12 million (around Rs 78 crore) in its Series C funding round, which was led by Fundamentum. The growth-capital firm was floated by Nilekani and Helion Venture co-founder Sanjeev Aggarwal.
The company raised $10 million in a Series B round led by Singapore-based RB Investments in February last year. Existing investors also participated in that round. In April 2015, it got Series A financing worth $8 million from Bessemer Venture Partners. Before that, it raised $1.7 million in July 2014 in pre-Series A funding from Bessemer Venture Partners.
