Tripoto, an online community for travelers has raised Series A round of funding from 500 Startups, IDG Ventures and Advantedge Fund along with prominent angels that includes Neeraj Arora (VP, Whatsapp) and Leon Seynave. The financial terms of the term has not been disclosed.
Founded in 2013 by Anirudh Gupta and Michael Pargal Lyngdoh, the startup Tripoto allows its users to crowd-source travel itineraries and share experiences. It a platform for India’s increasing number of travelers to find information that’s been posted by other holidaymakers. It’s filled with first-hand tips, travelogs and original photos uploaded by the community. The site claims to have more than 2 million monthly active users which was 600,000 in last March and have published more than 250,000 itineraries and experiences in large numbers on the platform.
With the fresh funds generated, Tripoto plans to use it to improve technology and bolster the content of the site by adding videos, using automated content creation tools and social publishing features and enhancing personalization. The company is also planning to raise more funds to grow at a faster pace and expand into the global market. The previous fund-raising happened last march for an undisclosed sum in pre-Series A round of funding. Months before its received $400,000 in seed funding from group of angel investors that includes Snapdeal’s founders.
Founder and CEO, Gupta said, “We are now working towards the extreme personlization of the user experiences on Tripoto through our own collected big data in travel. Personlized news-feeds, native ads and the deep integration of hotels and homestays into the content are the next step for us. It is important that hotels and homestays that are relevant to the content and the context of the traveler and we are in a very strong position to solve that.”
Tripoto aims to be the one-stop app for travelers to hunt, discover and make their travel plans. In the close future, the company promises the users will also be able to carry out transactions around the community model.