Travelyaari raises $7 million in funding round
Advertisement
Online bus booking platform Travelyaari raised $7 million in the Series B investment round, which was led by Gujarat Venture Finance Limited (GVFL), Bennett Coleman & Co. Ltd and other investors.
The online portal will use the fresh funding in product development and business growth.
Mantis Technologies Pvt. Ltd-owned Travelyaari provides real-time, cancellation-proof bookings with timely confirmations and assured refunds.
The company had previously raised a Series A investment of $3 million.
Aurvind Lama, co-founder and CEO, Mantis Technologies Pvt. Ltd, “The latest investment into Travelyaari is yet another reflection of the company’s superior product and deep-rooted supply chain not only in Tier 1, but also in Tier 2 and 3 cities. We will be looking to utilise this fresh induction of capital to further strengthen our B2B & B2C offerings and to achieve greater business growth.”
Travelyaari has also provided technology solutions for State Transport Corporations like PUNBUS/ Punjab Roadways and PRTC. It is in talks with other State Transport Corporations for adoption of its technology solution.
(Image: Thinkstock)
Advertisement
The online portal will use the fresh funding in product development and business growth.
Mantis Technologies Pvt. Ltd-owned Travelyaari provides real-time, cancellation-proof bookings with timely confirmations and assured refunds.
The company had previously raised a Series A investment of $3 million.
Aurvind Lama, co-founder and CEO, Mantis Technologies Pvt. Ltd, “The latest investment into Travelyaari is yet another reflection of the company’s superior product and deep-rooted supply chain not only in Tier 1, but also in Tier 2 and 3 cities. We will be looking to utilise this fresh induction of capital to further strengthen our B2B & B2C offerings and to achieve greater business growth.”
Advertisement
(Image: Thinkstock)
Advertisement
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh