Co-founder of Zenga Media, Sumitomo Mitsui exec back travel startup WoVoyage



WoVoyage, a travel startup for women, has raised an undisclosed amount of seed funding from Singapore-based investors Shabir Momin and Rohit Nanda, according to a company statement.

Momin is the co-founder of Zenga Media, an over-the-top digital video platform, while Nanda is a financial professional working for the Sumitomo Mitsui Banking Corporation in Singapore.

The New Delhi-based startup will use the capital to expand its technology-based services and products by developing offers such as booking services, search and planning platforms, on-demand travel and recommendation sites, and the statement has been added.

Run by Wovoyage Travel Pvt Ltd, the startup was founded in 2016 by Rashmi Chadha, an entrepreneur who also founded Women Backpackers.

WoVoyage offers risk-free and safe tours for female foreign travelers by compiling them with female guides and helping them design their tours. It offers group outings, recreational activities and concept tours, such as photography, rejuvenation, yoga, hiking, cycling, etc.

It currently has operations in India and Japan.

"My top priorities are building a well-established platform, which is a one-stop travel destination and takes it one step further each year, and we are working on several new developments to make this platform more dynamic and robust," Chadha said in the statement.

Deals in the travel expert room

In recent months, a number of startups in the travel room have raised money from investors.

Recently, the US-based software company Ebix Inc, the mother of ItzCash Card Ltd, recently acquired luxury travel companies Mercury Travels Ltd and Leisure Corp for about $ 14.2 million (about Rs 95 crore) in total. The deal strengthens Ebix's presence in the luxury, events and sports travel segments.

In July Headout Inc. released in local market experiences $ 10 million (around the Rs 68 crore) in a series A financing round of existing investors Nexus Venture Partners and Version One Ventures.

A number of travel companies have invested venture capital investments in April this year, including Delhi-based online travel marketplace TripShelf, TravelTriangle travel package and Mihuru Pvt. Ltd, a startup offering microloans for air travel.

In March, the corporate travel management platform Tripeur raised $ 600,000 (Rs 3.90 crore) in a pre-Series A round led by the Japan-based Incubate Fund.

Leave your comment


Source link

Leave a Reply