Private Equity Other Private Equity/Strategic Investments
Flipkart acquires minority stake in B2B travel-tech platform TravClan
Source TravClan (opens in a new tab)MoneyControl (opens in a new tab)
Flipkart has acquired a minority stake in New Delhi-based B2B (business-to-business) travel tech platform TravClan .Founded by Arun Bagaria, TravClan provides an outbound leisure travel platform featuring direct supplier listings across various domestic and international destinations. The firm’s technology is claimed to be used by over 15,000 travel agents to customise and manage bookings for hotels, activities, and holiday packages, supported by on-ground customer assistance.TravClan plans to use the capital to invest in its global travel supply, technology infrastructure, and destination operations, while expanding its engineering, business development, and operations teams.
Between Sep 2019 and Apr 2022, TravClan had attracted about $ 8 M from Leo Capital, TheVentures, Hashed Venture Fund, Others.