#Singapore #TripFactory #travel platform #funding

TripFactory Secures Significant Series A Funding

TripFactory, a leading global travel platform known for its strong presence in India, has successfully raised $50 million in its Series A funding round. This investment comes from a notable international corporate group based in India, bringing the company's valuation to an impressive $500 million. Founded by Vinay Gupta and an adept team of entrepreneurs including Amit Aggarwal, Varun Gupta, and others, TripFactory has rapidly expanded its operations globally in the wake of the COVID-19 pandemic.

With operations in over 110 countries, the Singapore-based company collaborates with travel agencies and industry stakeholders to provide personalized vacation packages through its advanced platform. Travelers now have the ease of booking their dream vacations via the TripFactory website (www.tripfactory.com) or seeking tailored vacation planning from the company’s experts.

The innovative TripFactory platform seamlessly integrates logistics with ground services, ensuring that customers enjoy exceptional travel experiences. The corporate investors expressed their excitement regarding this partnership, highlighting how TripFactory is revolutionizing leisure travel on a global scale. They stated, “With its dynamic team, ambitious vision, and robust values, TripFactory is well-placed as an industry leader capable of building and scaling a profitable global business.”

As demand for travel experiences surges post-pandemic, India has emerged as one of the primary markets for international travel. TripFactory is perfectly positioned to tap into this rising demand with its unique value proposition. In response to this funding, Vinay Gupta, founder and CEO of TripFactory, commented, “This investment reinforces our commitment to becoming the largest travel company in the world. It will enable us to expand our market presence, diversify our product offerings, and enhance customer experiences in both existing and new markets.” Gupta reiterated the company’s focus on elevating service quality on its platform.

This funding round also welcomed new prominent shareholders including Vani Kola, Mohandas Pai, and Ranjan Pai. Founded in 2014, TripFactory has established itself as a leader in customized vacation planning and seamless travel experiences, collaborating with channel partners across 110 countries and 1,700 cities. The company offers vacation packages in 32,000 cities worldwide and employs over 800 people spread across 62 countries. To date, TripFactory has successfully served clients from more than 94 nationalities, exemplifying its global reach.

For more information about TripFactory's offerings, visit www.tripfactory.com.