Travel-tech startup Holiday Tribe raises INR 5.4 Cr in Seed Funding

Travel-tech startup Holiday Tribe has recently secured INR 5.4 crores ($650,000) in seed funding from Powerhouse Ventures and GSF.

This investment round was led by prominent investors including Dinesh Agarwal and Dinesh Gulati of India Mart, Murugavel Janakiraman of BharatMatrimony.com, and actor Gaurav Kapur.

The infusion of capital will be instrumental in enhancing the brand's technological capabilities, expanding its supply network, and bolstering brand-building efforts.

Customized travel solutions

As avid travelers seek personalized and unique holiday experiences, Holiday Tribe, founded by ex-MakeMyTrip executives Anshu Sharma and Chirag Goyal in 2023, aims to bridge the gap in the market by offering curated travel solutions tailored to individual preferences.

With a strong focus on leveraging advanced backend technology, the startup is committed to delivering timely and accurate travel options to meet customer demands.

With the recent funding injection, Holiday Tribe is ready to escalate its brand presence by integrating cutting-edge technology into its operations, expanding its network of travel partners, and exploring new destinations to cater to the evolving needs of travelers.

Also read: Beauté Secrets raises ₹1.6 Cr from Velocity to boost lineup & presence (startuppedia.in)

About the founders

With more than 15 years of travel and hospitality experience across leading brands such as MakeMyTrip.com, Yo! China, cofounder Chirag Goyal has a Hotel Management degree from the Institute of Hotel Management, Catering 

Technology and Applied Nutrition, Mumbai, and a Business Management degree from Indus Business Academy (IBA), Bangalore. He has been the recipient of the “Exemplary Manager of the Year” award in 2019 & 2020 by MakeMyTrip. 

On the other hand, cofounder Ansu Sharma has close to 2 decades of experience in the travel and hospitality industry, across leading brands such as MakeMyTrip.com, and Kuoni. He has an MBA degree from Devi Ahilya Vishwavidyalaya, Indore.

About the investors

Powerhouse Ventures, a Singapore-based venture capital fund with a keen interest in technology startups emerging from India and the US, sees immense potential in collaborating with Holiday Tribe to revolutionize the leisure travel sector in India.

Similarly, GSF, an early-stage VC firm, recognized the exceptional talent and industry expertise of Holiday Tribe's founders, Anshu and Chirag.

Holiday Tribe's offering of customizable holiday experiences spans across various categories, catering to families, couples, adventure enthusiasts, and explorers seeking off-the-beaten-path destinations.

The startup's extensive network of over 100,000 hotels worldwide and partnerships with tourism boards ensure a wide array of options for travelers to choose from, promising unforgettable vacations tailored to their preferences.

As there is a surge in travel interest among Indian globetrotters, Holiday Tribe's strategic focus on technology-driven solutions and personalized customer care, the startup is set to carve a niche for itself as a leading player in the customized travel space.

Read also: Engineer Launches Fashion App to Deliver Trendy Clothes in 60 Minutes (startuppedia.in)