TravClan, a B2B travel business, raised $2.2 million in a pre-Series A financing. TheVentures, a South Korean and Singapore-based venture capital firm, led the round, which also included current investor Leo Capital. The round included participation from a number of well-known angel investors from throughout the world.
The startup, which was founded by Arun, Chirag Agrawal, and Ashish Thapliyal, who previously worked in key leadership roles at startups such as Oyo, Travel Triangle, and Cars24, is leveraging tech capabilities to revive travel businesses around the world by setting up websites and selling products digitally.
Arun assured the startup’s dedication to empowering travel entrepreneurs and enterprises, claiming that it has grown 10x since the COVID-19 outbreak.
Before the epidemic, the Delhi-based travel tech startup helped travel agencies grow their business online by bringing in more than 70% of their revenue from international vacations.