The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
Varun Jain, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur
New kid on the block!!
On 31st March, The Economic Times reported that User generated travel itineraries resource provider, TripHobo, has secured $3 Million in Series B funding led by incoming investor Mayfield and existing investor Kalaari Capital. The funds would be used to primarily invest in R&D, talent acquisition, scaling content and technology integration with the travel ecosystem.
Nikhil Khattau, founding partner commented that, The ambition for Triphobo is to be the central point of the trip planning process by allowing users to plan, optimize and eventually book customized trips by leveraging technology.
The Financial Express noted Mr Praveen Kumar, its chief executive officer commenting that the, Mayfield and Kalaari will bring decades of rich experience in working with and guiding startups across the globe and we’ll definitely benefit from that.
My take on the news is that we are seeing a wave of investment in startups which is encouraging young minds to come up with new ideas into the world of e-commerce. At the same time, it provides the consumers with new and better options and new opportunities.