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People love visiting places a lot. On the weekends, or in the long-termed holiday’s nobody wants to sit back home and watch television. I assume! A few suffer with the question, with whom to go? So, most of the time plans get cancelled. But, I say, don’t have a partner? Go, explore alone!
TravelTriangle is a travel agency to help people enjoy unforgettable experiences. Yes, with the help of local guides. Adding to the point local activities, offbeat attractions and especially the local cuisines are always standing ready to blow your mind off. Read the TravelTriangle success story below to know more.
TravelTriangle – Company Highlights
| Startup Name | TravelTriangle |
|---|---|
| Headquarters | Gurugram, India |
| Sector | E-commerce, Travel & Tourism |
| Founders | Sankalp Agarwal, Prabhat Gupta and Sanchit Garg |
| Founded | 2011 |
| Website | traveltriangle.com |
TravelTriangle – About
TravelTriangle – Startup Story
TravelTriangle – Founders And Team
TravelTriangle – Logo
TravelTriangle – Business Model
TravelTriangle – Revenue Model
TravelTriangle – Funding And Investors
TravelTriangle – Growth
TravelTriangle – Competitors
TravelTriangle – Future Plans
TravelTriangle – FAQ’s
TravelTriangle – Conclusion
TravelTriangle – About
TravelTriangle offers various packages. Those are honeymoon and family packages, holiday deals and luxury holidays. Holidays help people to experience serenity, fun and adventure. This is one of the best travel portals to opt for a honeymoon package. The tours consist of snow-capped mountains and the architectural wonders. Almost everything is sure here in the entire journey with a blissful retreat.
TravelTriangle – Startup Story
In the summer of 2010, the three childhood friends Sankalp Agarwal, Prabhat Gupta and Sanchit Garg went on a trip to Leh. It was a very nice experience for them and they were very pleased with the trip. They spoke to various travel agents but in the end, they found themselves cheated. The trip turned out to be a turning point for the three students of computer science. They started TravelTriangle in the year 2011. They helped the travelers to book personalized trips at the best prices possible.
TravelTriangle – Founders And Team
Sankalp Agarwal, Prabhat Gupta and Sanchit Garg are the founders of TravelTriangle.
Sankalp Agarwal is the founder and CEO of TravelTriangle. In the year 2020, he rejoined the company somewhere in late May or early June. Before, when he wasn’t there, Sanjeev Misra took over as an interim CEO.
Prabhat Gupta is the co-founder and COO of the organization. He is an entrepreneur and growth hacker. He completed his education from Indian Institute of Technology, Guwahati.
Sanchit Garg was the co-founder and advisor of TravelTriangle. He was there for one year and seven months. Starting from December 2018 to June 2020.
Rishabh Rathi
TravelTriangle – Logo
TravelTriangle – Business Model
The company manages to fulfil the expectations of the customers. It maintains quality. It also checks and ensures that their customer gets the best deal. By choosing this company as their travel agency, TravelTriangle has built a SaaS-based customer relationship management platform. This is done to analyze customer interactions and data. The goal is to create a good business relationship with customers. Problems are always solved through technological innovation. They have built an online marketplace. It offers various quotes from verified travel agents. So, as a result, travelers plan themselves and the company ensures them the best deal.
Souvik Dey
TravelTriangle – Revenue Model
The revenue model of the company is very simple. 5-8% of the holidays are always booked. At times it also goes up to 10% in some geographies. The company is cash efficient. As it is not a fulfilment company, it doesn’t have fulfilment costs. They are only having marketing costs. Usually, a lot of payments come to the company before getting disbursed to the suppliers. So, a network effect is built. To keep suppliers onto the platform these things help the company to grow at very low burn rates.
TravelTriangle – Funding And Investors
TravelTriangle has raised a total amount of $47.9 million in funding over the 7 funding rounds.
| Date | Transaction Name | Money Raised | Lead Investors |
|---|---|---|---|
| November 18, 2019 | Series D | $13 million | Fundamentrum, KB Global Platform Fund |
| October 17, 2018 | Debt Financing | $3 million | InnoVen Capital |
| April 10, 2018 | Series C | $12 million | Fundamentrum |
| February 7, 2017 | Series B | $10 million | RB Investments Pte. Ltd. |
| April 29, 2015 | Series B | $8 million | Bessemer Venture Partners |
| July 17, 2014 | Series A | $1.7 million | Elevation Capital |
| June 1, 2012 | Seed Round | $200, 000 | – |
TravelTriangle is funded by 10 investors. Fundamentrum is the most recent investor.
TravelTriangle – Growth
Starting from the year 2018, the company is growing currently. The market opportunity in the company is huge. Outbound holidays are a big opportunity today which are expected to grow more by 2021 and 2025. The company is investing especially in products, technology and brand building. The company marked its growth by opening a new office in Gurgaon’s Udyog Vihar. This new office adds to the existing office in Noida. Here, it is clear that the empire is growing.
TravelTriangle – Competitors
The top competitors of the company are GoFro, ixigo, yatra and MakeMyTrip.
- GoFro is a travel technology startup by the former Snapdeal executive Amitabh Misra.
- Ixigo is the biggest rival of TravelTriangle. It is headquartered in Gurgaon, India.
- Yatra is one of the topmost competitors of TravelTriangle. It is a public company headquartered in Gurgaon, India. It was founded in the year 2006.
- MakeMyTrip is headquartered in Gurugram, Haryana, India. It was founded in the year 2000. This is a travel agency industry. The company generates 10,230% of TravelTriangle’s revenue.
Piyush Mishra
TravelTriangle – Future Plans
The goal of the company is to double the market share in the sector. The aim is to invest in technology especially in artificial intelligence, machine learning and data analytics. It also focuses on consumer technology businesses. Also, they are planning to expand and strengthen overseas operations.
TravelTriangle – FAQ’s
What is TravelTriangle.com?
TravelTriangle is India’s first online Holiday Marketplace launched in 2011 as a platform to help travelers customize, plan and have hassle-free holidays. TravelTriangle connects travelers with verified genuine and reviewed local/expert travel agents who are already trusted by other travelers like them.
How does TravelTriangle function?
Travelers enter a request for the trip basis his/her requirements which are collected through a pre-defined form of questions. The details collected are then shared with the local/expert travel agents, who revert with their best quotes. So a traveler gets multiple quotes from multiple agents to choose from.
How is TravelTriangle different from other online travel portals?
TravelTriangle is a one-stop platform/marketplace for planning and booking a holiday package. TravelTriangle empowers travelers to compare multiple quotes from multiple travel agents, and further customize the trip as per the traveler’s preferences.
How are travel agents chosen on TravelTriangle?
There are over 650 local travel agents serving 65+ destinations and helping travelers in customizing their trips. The travel agents are put through stringent quality checks and only the best ones are taken on board. You can know about the experiences of TravelTriangle past travelers and read more about their reviews here by clicking on this link https://traveltriangle.com/testimonials.
How can I get in touch with TravelTriangle?
You can write to TravelTriangle at customercare@traveltriangle.com or give TravelTriangle a call at 1800 123 5555 between 10 am to 8 pm. TravelTriangle office locations are based out of Gurugram, Mumbai, and the USA.
What are the different modes of payment for booking a trip on Travel Triangle?
TravelTriangle have various payment options to give you a delightful booking experience:
- Debit/ Credit Cards
- Net Banking
- NEFT Transfer
Usually Internet Bank Transfer is the cheapest mode of payment for the traveler, as for all the other modes, banks and payment gateway providers charge an extra fee which has to be borne by the customer.
TravelTriangle – Conclusion
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.