TripFactory secures $50 million Series A funding from global corporate group

Deal News | Nov 29, 2024 | PR Newswire Cision TripFactory; NexusDMC

TripFactory, a leading global travel platform based in Singapore, has secured $50 million in Series A funding from a prominent international corporate group headquartered in India. This significant investment values the company at $500 million. Founded by Vinay Gupta and an experienced team of entrepreneurs, TripFactory has rapidly expanded its global operations post-COVID-19, with a presence in over 110 countries. The platform partners with travel agencies and industry stakeholders to offer customized holiday packages and exceptional travel experiences through its advanced technology. The investment will enable TripFactory to expand its market presence, diversify its product offerings, and enhance customer experiences across existing and new markets. With India emerging as a major outbound international travel market post-pandemic, TripFactory is poised to capitalize on the growing demand. Key individual investors in this round include Vani Kola, Mohandas Pai, and Ranjan Pai.

Sectors

  • Travel and Tourism
  • Technology

Geography

  • India – The Series A investment group is based in India, and TripFactory targets the growing Indian international travel market.
  • Singapore – TripFactory is headquartered in Singapore, from where it manages its global operations.

Industry

  • Travel and Tourism – TripFactory operates in the travel and tourism industry by providing customized holiday packages and travel experiences.
  • Technology – TripFactory uses an advanced platform to integrate logistics and services for optimal travel experiences.

Financials

  • $50 million – Series A funding raised by TripFactory.
  • $500 million – Valuation of TripFactory after the Series A funding round.

Participants

NameRoleTypeDescription
TripFactoryTarget CompanyCompanyA global travel platform offering personalized holiday packages, based in Singapore.
Vinay GuptaFounder and CEOPersonFounder and CEO of TripFactory, with a vision to expand the company globally.
ORN VenturesParent Company of NexusDMCCompanyOwner of NexusDMC, involved in the Series A funding round for TripFactory.
Vani KolaInvestorPersonProminent investor participating in the Series A funding of TripFactory.
Mohandas PaiInvestorPersonProminent investor participating in the Series A funding of TripFactory.
Ranjan PaiInvestorPersonProminent investor participating in the Series A funding of TripFactory.