TripFactory, a global travel platform with a strong presence in India, has raised $50 million in Series A funding from a prominent International Corporate Group headquartered in India.
Funding is raised by TripFactory parent ORN Ventures, which is also the parent company of Nexus DMC. This investment values the company at $500 million.
Other notable new shareholders who joined the captable in this funding round include Vani Kola (Founder and Managing Director of Kalaari Capital), Mohandas Pai (Former CFO of Infosys), and Ranjan Pai (Chairman of Manipal Education and Medical Group).
The funds will be used to meet the growing demand for vacation surges in India for International travel.
“This investment reinforces our commitment to becoming the world’s largest vacation business. It will allow us to expand our market presence, diversify our product offerings, and elevate customer experiences in both existing and new markets. We remain focused on enhancing our platform’s quality of service,” said Vinay Gupta, Founder & CEO of TripFactory.
“We are excited to invest in and collaborate with TripFactory as they continue to revolutionize leisure travel on a global scale. With their dynamic team, ambitious vision, and strong values, TripFactory is well-positioned as an industry leader with the proven capability to build and scale a profitable global business,” said the corporate investors.
Co-founded in 2014 by Vinay Gupta, Amit Aggarwal and Varun Gupta, TripFactory provides customized vacation planning and seamless travel experiences. TripFactory integrates on-ground logistics and service delivery, ensuring an exceptional travel experience for its customers.
With a presence in over 110 countries, the Singapore-based company partners with travel agents and industry stakeholders to offer customised vacation packages through its advanced platform.
