-
Home » Tech Startup » Travel Technology Startup ‘Guiddoo’ Raises $800K in Pre-Series A Funding

Travel Technology Startup ‘Guiddoo’ Raises $800K in Pre-Series A Funding

Sets sight on future growth, scalability and expansion of operations

Guiddoo, a one-stop shop for in-destination experiences, has  secured capital of $800,000 (6 CR approx.) in the Pre-Series A  funding. The funding was led by global investors including Rennie  Ratadia (Singapore), Stephen Dmello (Dubai) & Angshuman Sarkar (India). Guiddoo aims to leverage the fresh funding to expand operations, increase destination reach, product portfolio  and to further develop its technology platform. It will strengthen its  portfolio by adding new destinations under its ‘customised  packages’ offering and will beef up teams to manage the increase in operations in the Global and Indian Market. In terms of the strategy for business growth, the company aims to commence China  operations by Feb 2019. Another focus area will be to build a pan India distribution network for the its Tours & Activities &  Holidays products.

guiddo

Vineet Budki, Co-Founder & CEO at Guiddoo said, “From starting  afresh after a pivot from the Audio Guide Business Model to  garnering 700% YOY revenue growth in the Tours & Activities business, and securing fresh funding from our trusted investors, it  has been an incredible journey. It is a reflection of our commitment to make significant contribution to the India Outbound Travel space by delivering innovative product enhancements.

He added, “We are delighted to have secured this significant bridge  round of funding. The capital raised will help us expand our  footprint, augment our infrastructure and acquire promising talent to implement the blueprint. We are motivated more than ever to  build robust products and extend the best services possible to our consumers.”

“We are excited to invest in Guiddoo in their endeavour to bring best-in-class, digital in-destination experiences to travel  enthusiasts. We are confident of the team’s potential and are  looking forward to the company’s growth story in the near future,” said Stephen DMello who runs successful Investment, Real Estate & Trading businesses in Middle East and Asia.

Having been an avid traveller, I Saw Indian tourists in all parts of  the world. Guiddoo presents me with a great opportunity to tap into  outbound Indian tourists, I see great potential in this segment with  more and more Indians travelling abroad Every Year” Says Rennie  Ratadia, Global Investor.

Incepted in 2013, the startup has been actively helping travellers by providing seamless services so that they can make the most of  their trips. Guiddoo offers an array of services like Guided Tours  and Activities, Dining, Entertainment and Shopping as add-ons to the Indian Outbound travellers and curates special packages for  them which are unique to the Indian travellers, and are different  from the global products in experience, culinary habits and prices  among others.

The Guiddoo app is available on both Android iOS platforms and  has a robust web platform for its Travel Agent network. Guiddoo  offers its Tours & Activities across 11 international destinations  through 4000+ Travel Agents across India and also has institutional partners including Cleartrip & Yatra.

Check Also

ATT11263

The CoWrks Foundry concludes its first cohort with Demo Day

The CoWrks Foundry, a premier acceleration program, announced the completion of its first cohort, comprising …

Leave a Reply

Your email address will not be published. Required fields are marked *