TravClan, a B2B travel startup that aims to empower travel companies to come out on top in the post-pandemic world, has raised USD 2.2 million in Pre-Series A round. The investment round was led by TheVentures, a Korea and Singapore-based venture capital firm, and Leo Capital, who had also led the seed round in August 2019.
TravClan, which is projected as one of the fastest-growing global B2B travel tech platforms, has grown 10x in the segment since the pandemic hit. The round also saw participation from global and marquee angel investors.
Arun Bagaria, Co-founder and CEO, TravClan, said, “Covid-19 has severely affected the livelihood of more than 100 million people worldwide who lost their jobs due to the pandemic. However, the urge to travel is innate to every human being and we are seeing strong consumer demand as vaccinations pick up.”
At TravClan, we are rebuilding the entire industry, one travel business at a time. We are humbled by the strong customer adoption and the profound impact we have been able to create in the lives of thousands of travels.”
TravelClan is disrupting the B2B travel sector
TravClan is a B2B Travel Platform that brings technology-driven transformation to the US $100 billion offline travel market in India and South East Asia. The Leo Capital funded venture was established in 2018 by Arun Bagaria, Chirag Agarwal, and Ashish Thapliyal, who previously worked in senior leadership roles at startups like Oyo and Cars24.
The company empowers travel agents and new-age travel entrepreneurs to build and grow their travel business online by setting up websites and digitally selling products. It also provides marketing tools that allow its users to generate more demand from social media, and earn more profit by booking flights, hotels, holidays with suppliers worldwide at the best B2B prices on its platform.
Post pandemic journey and technology
Technology played a crucial role in the revival of travel businesses globally after the Covid-19 pandemic severely impacted the industry.
Before the Covid-19 pandemic hit, about 70 percent of the company’s business was from international holidays. Post pandemic, the travel startup has reimagined how travel agents and advisors can restart their business and earn their livelihood. Thousands of travel agents have taken their business online and built their websites using TravClan.
It is reflected in the company’s growth as its monthly bookings have increased nearly ten times compared to pre-COVID levels, and the customer base has more than tripled organically.
The company aims to empower SMBs in travel across the world to grow their business. It aims to bring onboard over 10 million SMBs and enable a GMV of over $10 billion by 2025 on its platform.