Connect with us

Startup

The story of TravelTriangle, an innovative online holiday marketplace

What is TravelTriangle? We all know how fascinating it can be to wander and see new places while accumulating extraordinary memories. It also allows you to take a pause from the monotonous everyday life to go on a get-away. Travelling is an extremely reviving experience that fills you up with energy. It keeps you excited […]

Avatar

Published

on


What is TravelTriangle?

We all know how fascinating it can be to wander and see new places while accumulating extraordinary memories. It also allows you to take a pause from the monotonous everyday life to go on a get-away. Travelling is an extremely reviving experience that fills you up with energy. It keeps you excited and grateful about life. Nonetheless, it’s not similarly thrilling when you think about making appointments for the trip. From transportation to hotel registration, it tends to be extremely tedious and exhausting to discover something reasonable for you. You may even fall into undesirable snares and lose cash to fraudulent agencies. TravelTriangle takes care of all these issues to give you a wonderful holiday.

TravelTriangle (1) is one of the most popular online marketplaces for travellers in India. It was founded in 2011 by a group of three friends – Sanchit Garg, Prabhat Gupta and Sankalp Agarwal. The three IITians came up with the idea while they were on a trip to Leh. It was the summer of 2010 and they had a decent encounter in the hills. Even though they were happy about the journey, they realised a few mistakes they made. After addressing different voyagers, Sanchit, Prabhat and Sankalp discovered that there were bigger offers than the ones they found. 

Different travel planners were offering packages at various costs. This experience is what led to creating a unified platform for people to find travel agents. TravelTriangle owns a network of more than 650 travel agents and a list of around 65 destinations around the globe. The clients can easily search for the places they want to visit and choose the deals which they like best. As of now, around 20 lakh travellers make use of TravelTriangle to plan their holidays. 

 

About the founders

The co-founders of TravelTriangle, Sanchit Garg, Prabhat Gupta and Sankalp Agarwal were tight friends from their school days. Their companionship started because their roll numbers were close, which in turn put them in the same bench. They also had a common adoration for science. All three of them originated from business families and their folks needed them to have all-around successful lives. After their schooling, the trio went on to pursue a degree in computer science from IIT. However, this time they had to separate and go to three different colleges. 

TravelTriangle

Sanchit, Prabhat and Sankalp joined the IITs in Kharagpur, Mumbai and Guwahati respectively. Their skills and qualification allowed them to secure high-earning jobs at famous companies. Prabhat got into Oracle, Sankalp joined Adobe and Sanchit started working for Yahoo. After their trip to Leh, they started working on the idea of a holiday marketplace. Soon their dream of TravelTriangle became successful and well-received around the country. Sankalp Agarwal is currently the Chief Executive Officer at TravelTriangle. Prabhat Gupta is the Chief Technology Officer and Sanchit Garg is the director.

The beginning of TravelTriangle 

After the idea of TravelTriangle was born in their minds, Sankalp, Prabhat and Sanchit quit their jobs to build it. They began their proceedings from a garage which was joined to a three-room apartment in Noida. Sankalp and Sanchit stayed there along with another companion of theirs. This third friend often told them that it was such a bad time to dive into a business. The global economy was experiencing a catastrophe, so they were putting a lot at stake. However, their adoration for innovation and talent for illuminating puzzles kept them going. The trio dealt with many issues and acknowledged the necessary requirements without any hesitation. 

They conducted surveys to discover what tourists needed in today’s world. They also met and saw how travel planners functioned and discovered numerous voids in the market. After a top to bottom examination and heaps of sound judgment, the web-based business platform named TravelTriangle appeared. They were soon able to develop a brilliant business model of their platform. They made it capable of solving the issues of both the travellers and the travel agents. 

For the agents, they manufactured a Customer Relationship Management (CRM) system. It could assist them in overseeing and examining client collaborations and information. TravelTriangle will provide them with wide analytical information regarding the clients. Thus, the travel agents will be able to improve their business associations with the customers by providing personalised deals and services. The customers could use the platform to find the right agents and deals for their holidays. The agents would assist them while planning the itinerary and making the necessary bookings. After the development of such a great product, the next step was to find the right travel agents and clients.

Initial struggles and success

One of the greatest obstacles at first was persuading the travel agents to utilise this opportunity. They were able to secure their first deals with the help of travel blogs and forums. After the travel agents were found the next step was getting adequate human capital. The company was running short on employees. After looking through the job boards and calling for applicants, two individuals showed up for an interview. Soon, more people started applying for jobs with TravelTriangle and their team kept growing. As of now, the company has employees from 20 cities in the country, therefore being home to seven different languages. 

Within a year of starting business, TravelTriangle the startup raised a heavenly attendant subsidizing of Rs 60 lakh from a number of individual investors. In the same year, NASSCOM selected them as one of the Top 50 Growing Startups. They also received an award for the Website of the Year. In 2012, TravelTriangle received the title Microsoft Biz Spark Startup. Later in July 2014, they were able to raise 1.7 million dollars in a series A round of funding from SAIF Partners. The series B round in April 2015 was led by Bessemer Venture Partners and it raised 8 million dollars. 

They conducted another series B round of funding in February 2017. They were able to obtain 10 million dollars from RB Investments Pte Ltd. TravelTriangle also had a Series C investment of 12 million dollars in 2018 from Fundamentum which is supported by Nandan Nilekani and Sanjeev Aggarwal. The company is on its way to include all the segments of travel and tourism through its profoundly inventive and innovation centred platform. They have also just raised a total sum of $20 Million from SAIF Partners, Bessemer Venture Partners and RB Investments Pte Ltd.  


Nidhia Sebastian is an English literature graduate who looks forward to a career that complements her passion. Her never-ending love for language has brought her to creative writing. Having an open heart to knowledge is what leaves her with a thirst to explore the world. She believes in living life to the fullest and hopes to convey the same enthusiasm through her words.

Source: https://timesnext.com/traveltriangle-startup/

Startup

Italian tech startup Shampora closes €3M in funding to let consumers create and buy customized personal care products online

In 2018, the global haircare market is estimated to be worth about $90 billion, according to the latest data from research firm Statista. Haircare is one of the least appealing verticals for technology startups. However, it’s becoming increasingly difficult for […]

The post Italian tech startup Shampora closes €3M in funding to let consumers create and buy customized personal care products online appeared first on Tech News | Startups News.

Avatar

Published

on

In 2018, the global haircare market is estimated to be worth about $90 billion, according to the latest data from research firm Statista. Haircare is one of the least appealing verticals for technology startups. However, it’s becoming increasingly difficult for consumers to find affordable hair care products that meet their unique needs.

Enter Shampora, an Italian tech startup that provides a platform to let consumers create and buy tailor-made hair care products online, according to your hair characteristics and needs. The startup operates in Italy, France, and Spain.

Today, Shampora announced it has closed a new €3 million funding round. Backers include CDP Venture Capital Sgr, the partners of Italian Angels for Growth (IAG), Finbeauty, Gisev Family Office, and LVenture Group.

Shampora was founded in 2018 by Manuel Corona, Irene Gullotta, and Mirco Peragine to create, produce and buy completely customized personal care products online. Directly from its website, users can take a quick questionnaire of about 30 specific questions about the customer’s hair, skin, lifestyle, habits, and needs. Shampora’s proprietary algorithm analyzes the data and creates a personalized list of ingredients, tailored to the person. Eventually, the information is processed by the system and sent to the laboratory for products that meet all the best quality standards.

In June 2018, Shampora completed the Acceleration Program of LVenture Group LUISS EnLabs. The startup is developing a platform that allows you to create tailor-made personal care products, initially focusing on hair products. A virtual assistant analyzes your data (hair characteristics, as well as the specific needs and lifestyle), and processed it in real-time through the proprietary algorithm, transmitting the information to the laboratory where shampoos, conditioners, and other hair treatments are created: each product is unique, your personal solution out of millions of possible combinations.

In just two years after its launch, the startup has sold over 100,000 customized products in Italy alone, significantly increasing sales in recent months, reaching peaks of 2,000 orders per day. Online shopping recently experienced a boom as an effect of the Covid-19 pandemic (from January to October there were almost 2 million new e-commerce customers, with an estimated sector’s annual growth of 26% ) and the customization of products is highly trending in the beauty market, thanks to new digital technologies.

“The digitalization of sales channels and the product customization are fundamental assets of the evolution of consumption all over the world, since e-commerce, during this health emergency we are experiencing, is often a necessity rather than an option. – comments Stefano Molino, Head of the Accelerators Fund of CDP Venture Capital SGR – Fondo Nazionale Innovazione – With this investment, we are happy to support, together with the other venture capital operators, the growth of an innovative company such as Shampora. Thanks to its technology, it has been able to seize the opportunities in a deeply changing market”.

“Shampora is much more than simple e-commerce: it has a competent and enthusiastic team, it relies on solid foundations, combining digital, research, product development, and industrial innovation. It is time to broaden the horizons and take the market. As IAG members, we are very pleased to provide the startup not only with our capital but also with our network’s different skills, experiences, and relationships, to support Shampora in its ambitious growth path”, said Roberto Serafini and Marco Graziani, who coordinated the investment of Italian Angels for Growth (IAG).

“Making tailor-made beauty products affordable for everyone is our challenge and we are very satisfied with the great enthusiasm of our partners and new investors. We want to strengthen our position as an end-to-end company of personalized hair products: right from the beginning research and development, manufacturing, direct-to-consumer marketing, and logistics are all part of an integrated process. We could even come all the way to each customer’s home to apply the products directly to their hair if you ask to do so” said Manuel Corona, CEO of Shampora.


Source: https://techstartups.com/2020/11/24/italian-tech-startup-shampora-closes-e3m-funding-let-consumers-create-buy-customized-personal-care-products-online/

Continue Reading

Startup

Glue raises $8 million in Series A funding to automate customer loyalty programs

According to a survey conducted by Invesp, acquiring a new customer can cost five times more than retaining an existing customer. The survey also finds that increasing customer retention by 5% can increase profits from 25-95%. A customer loyalty program is one […]

The post Glue raises $8 million in Series A funding to automate customer loyalty programs appeared first on Tech News | Startups News.

Avatar

Published

on

According to a survey conducted by Invesp, acquiring a new customer can cost five times more than retaining an existing customer. The survey also finds that increasing customer retention by 5% can increase profits from 25-95%. A customer loyalty program is one of the many approaches used by companies that recognizes and rewards customers who purchase or engage with a brand on a recurring basis.

Implementing a loyalty program can be difficult and time-consuming, especially for small businesses. Glue Loyalty is a tech startup that helps small businesses build a loyalty program that includes the right rewards, coupons, points mechanism, and more. With Glue’s fully automated Loyalty Manager, companies can focus on building their business while Glue does the heavy lifting of the loyalty program.

Today, Glue announced it has raised $8 million in series A funding led by Unicorn Technologies. Glue will use the funding proceeds to help local businesses to adopt loyalty programs.

“Using Glue is like hiring your very own expert loyalty manager, one you can trust, and afford. Completely automatic and totally hassle-free,” Glue said on its website.

Glue was founded in 2014 by Ira Nachtigal after gaining massive amounts of experience and insights about customer loyalty in Bobile LTD. Glue team is comprised of leading data, loyalty, tech, and customer experience experts, all firm believers in standing on the shoulders of giants and using them as a springboard.

That is why we harnessed data from working with over 50,000 SMBs to develop a first of its kind, fully automated loyalty program manager, specifically geared to make SMB’s owners live better. Today, Glue operates in 6 countries around the world, helping businesses everywhere turn their customers into regulars and loyalty into revenues.


Source: https://techstartups.com/2020/11/24/glue-raises-8-million-series-funding-automate-customer-loyalty-programs/

Continue Reading

Startup

Peter Thiel backs Berlin startup ATAI Life Sciences in $125M round to develop psychedelics treatment for people suffering from mental health disorders

Almost a billion people suffer from mental health problems worldwide, according to the World Health Organization. ATAI Life Sciences is a biotechnology startup founded in 2018 in response to the clear and growing unmet needs of mental health patients worldwide. ATAI […]

The post Peter Thiel backs Berlin startup ATAI Life Sciences in $125M round to develop psychedelics treatment for people suffering from mental health disorders appeared first on Tech News | Startups News.

Avatar

Published

on

Almost a billion people suffer from mental health problems worldwide, according to the World Health Organization. ATAI Life Sciences is a biotechnology startup founded in 2018 in response to the clear and growing unmet needs of mental health patients worldwide. ATAI leverages a decentralized, technology- and data-driven platform model to serve millions of people suffering from mental health disorders.

Today, ATAI announced it has closed a $125 million Series C financing round. The round was co-led by Apeiron Investment Group, the family office of ATAI’s founder Christian Angermayer, Peter Thiel, and Catalio Capital Management. Peter Thiel, the tech billionaire who co-founded Palantir and PayPal, made a 10 million euro ($12 million) investment in ATAI Life Sciences through his venture firm, Thiel Capital. Other existing investors participated in the round.

Commenting on the funding, Thiel said, “ATAI’s great virtue is to take mental illness as seriously as we should have been taking all illness all along. The company’s most valuable asset is its sense of urgency.”

ATAI said it will use the new capital infusion to fund pre-clinical and clinical development of ATAI’s existing mental health programs, to expand its drug candidate pipeline and further advance ATAI’s platform technologies. The Company expects the proceeds to provide the necessary runway to accomplish several key clinical milestones including Phase 2 data readouts for arketamine in treatment-resistant depression at Perception Neuroscience and ibogaine in opioid use disorder at DemeRx, as well as the completion of Phase 1 and initiation of Phase 2 trials at four other programs.

Founded by Christian Angermayer, Florian Brand, and Lars Christian Wilde, ATAI aims to responsibly accelerate the development of new medicines across its business entities, seeking to effectively treat and ultimately heal mental health disorders.

“We are grateful to have the strong support of both new and existing investors, comprised of forward-thinking individuals that share in our belief that innovation in mental healthcare is urgently needed and possible,” said Florian Brand, CEO & Co-Founder of ATAI Life Sciences. “We believe that our psychedelic and non-psychedelic compounds have compelling therapeutic promise based upon a growing body of scientific evidence. This round of funding is another step towards our vision to effectively treat and ultimately prevent mental health disorders, bridging the gap between what the mental health system currently provides and what patients need.”

“With COVID-19 only accentuating the failures of existing standards of care, we are at an inflection point when it comes to seriously addressing this global mental health crisis,” said Christian Angermayer, Founder of ATAI. “I’m excited to continue my support of ATAI alongside an impressive group of investors. I’m proud of the best-in-class technology, tools and top-tier talent that has been established at ATAI to developing promising therapeutics to treat mental health disorders. ATAI’s progress to date has been astounding, and I’m thrilled at what is yet to come.”


Source: https://techstartups.com/2020/11/24/peter-thiel-backs-berlin-biotech-startup-atai-life-sciences-125m-series-c-funding-round-develop-psychedelics-treatment-people-suffering-mental-health-disorders/

Continue Reading
Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Blockchain3 hours ago

Litecoin short-term Price Analysis: 24 November

Blockchain3 hours ago

Egyre több éhező = szárnyaló tőzsdék, hát ki érti ezt?

Press Releases3 hours ago

Casio Unveils Limited-edition Timepiece In Collaboration With World-renowned Esports Gaming Team FaZe Clan

Press Releases3 hours ago

Quantum Integration’s IoT Platform Proves to Be the Ideal Solution for Electronics Hobbyists

Press Releases3 hours ago

Ben Bridge Jeweler Launches Ultimate Seahawks Proposal Sweepstakes

Startup3 hours ago

Italian tech startup Shampora closes €3M in funding to let consumers create and buy customized personal care products online

Press Releases3 hours ago

Dia & Co Launches Dia Holiday Market, A Digital Marketplace to Support Female-Owned Local Businesses This Holiday Season

Press Releases3 hours ago

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of HP Inc. (HPQ) Investors

Press Releases3 hours ago

Dodge//SRT Launches Black Friday ‘Dodge Power Dollars’ on 2021 Durango for a Limited Time

Blockchain3 hours ago

Generating crypto cash flow now a piece of cake

Press Releases3 hours ago

New York Chef Brings Skills to New Jersey Treatment Center to Feed Recovering Addicts

Blockchain3 hours ago

Why The Record $5,000 Bitcoin Monthly Close Could Soon Become The Norm

Blockchain3 hours ago

Chainlink, Dash, Compound Price Analysis: 24 November

Private Equity3 hours ago

Venture Capital: Toast Valued At $8B In Secondary Share Offering By Employees

Blockchain3 hours ago

Ripple-Partner Forte kündigt Zusammenarbeit mit Gaming-Entwicklern an

Press Releases3 hours ago

KnowledgeWave Recognized for 2020 Digital Marketing Excellence

Press Releases3 hours ago

LMI Technologies Adds New Model to Its Series of 5-Megapixel 3D Snapshot Sensors

Press Releases3 hours ago

HubStor Adds Support for Google Drive to Its Backup-as-a-Service Platform

Blockchain3 hours ago

Coinbase Temporarily Goes Down (Again) as XRP Prices Spike

Blockchain4 hours ago

HASHR8 Assesses The World Of Bitcoin Mining With Launch Of Index Reports

Trending