About
Founded in 2011, TravelTriangle is India’s leading online holiday marketplace bringing both the travelers, and trusted & expert travel agents on a common platform. With the recent Series C funding of $12 Million from Nandan Nilekani and Sanjeev Aggarwal backed Fundamentum in early 2018, it is on its way of encompassing all the components of holiday eco-system through its highly innovative and technology-focused product. Besides, having already raised close to a cumulative funding of $20 Million from SAIF Partners, Bessemer Venture Partners and RB Investments put together, the company has already achieved operating profitability, and on track to become EBITDA profitable by next year.
Startup Story
From its bootstrapping days to angel funding to the next few rounds till now, it has been a long trek in the journey of Travel Triangle. “The journey was difficult. Initially, convincing the travel agents (suppliers) to use our software solutions proved to be a litmus test for us. Besides, bringing them on Travel Triangle’s platform was another challenging task,” says Sankalp. However, with the continuous effort and business conviction, it managed to take off the business. And within seven months, it was clocking a revenue of Rs 1.2 crore. Within a year, the startup raised an angel funding of Rs 60 lakh from a group of individual investors.
In the summer of 2010, three childhood friends Sanchit Garg, Prabhat Gupta and Sankalp Agarwal made a trip to Leh. It was a nice experience, and the trio were satisfied with the trip right until they started speaking to other travellers and found out that there were immense discrepancies in the travel package. Various travel agents were offering similar packages in different prices. They felt cheated.
The platform looked two ways to solve the problem of both the suppliers and consumers. For the former, it built a SaaS-based customer relationship management (CRM) platform to help them manage and analyse customer interactions and data, with the goal of improving business relationships with customers, assisting in customer retention and driving sales growth. “We solve the problem through technological innovation. Imagine a travel agent sitting in a Tier II town with just two employees. He receives 100 queries daily, and he has no clue out of these 100, which ones will convert the fastest. He has a pile of business prospects but no way to reach them. We at Travel Triangle have solved this problem first, by providing deep analytical insights on which are the most appropriate prospect they must reach, thus Travel Triangle delivers higher conversion rates at the least amount of effort,” says Prabhat Gupta, Co-founder and CTO, Travel Triangle.
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In the summer of 2010, three childhood friends Sanchit Garg, Prabhat Gupta and Sankalp Agarwal made a trip to Leh. It was a nice experience, and the trio were satisfied with the trip right until they started speaking to other travellers and found out that there were immense discrepancies in the travel package. Various travel agents were offering similar packages in different prices. They felt cheated.
The platform looked two ways to solve the problem of both the suppliers and consumers. For the former, it built a SaaS-based customer relationship management (CRM) platform to help them manage and analyse customer interactions and data, with the goal of improving business relationships with customers, assisting in customer retention and driving sales growth. “We solve the problem through technological innovation. Imagine a travel agent sitting in a Tier II town with just two employees. He receives 100 queries daily, and he has no clue out of these 100, which ones will convert the fastest. He has a pile of business prospects but no way to reach them. We at Travel Triangle have solved this problem first, by providing deep analytical insights on which are the most appropriate prospect they must reach, thus Travel Triangle delivers higher conversion rates at the least amount of effort,” says Prabhat Gupta, Co-founder and CTO, Travel Triangle.
Video
Revenue
And within seven months, it was clocking a revenue of Rs 1.2 crore. Within a year, the startup raised an angel funding of Rs 60 lakh from a group of individual investors. In July 2014, Travel Triangle raised pre-Series A investment of $1.7 million from SAIF Partners.
Ceo
Sankalp Agarwal - Cofounder & CEO - TravelTriangle
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