TravelTriangle

TravelTriangle, an online marketplace for holiday packages and operated by Noida (India)-based Holiday Triangle Travel, has secured US$10 million in Series B round of funding, led by Singapore VC firm RB Investments, according to a report by LiveMint.

SAIF Partners and Bessemer Venture Partners, both participated in its previous rounds of funding, have also co-invested in the latest round.

TravelTriangle will use the capital for technology and product development.

Previously, TravelTriangle has received two rounds of funding — US$1.7 million in pre-series A in July 2014 and US$8 million in Series A in April 2015.

Also Read: Most Indians still see young women as unfit for leadership positions – BigStylist CEO Richa Singh

Started in 2011 by Sankalp Agarwal, Prabhat Gupta and Sanchit Garg, TravelTriangle connects customers to travel agents, fetches quotations, customises trips and makes bookings online. From a backpacker’s needs to a honeymooner’s demands, Travel Triangle crafts vacation deals for holiday destinations in India as well as abroad.

According to its website, it has over 300 people and a network of 650-plus travel agents across the globe. It claims to have served one million travellers to date and reach out to over 65 destinations.

With offices in Noida, Gurgaon, Mumbai and the US, the company expects to increase the number of travel agents to over 1,500 agents in the next 18 months, the Mint report said, quoting Agarwal.

RB Investments is a boutique venture capital firm, funding innovative entrepreneurs in India. Last December, the VC fund, along with Kaleden Holdings (another Singapore-based fund) participated in Delhi-based digital payments and financial services startup instantPay’s pre-Series A round of funding.