Trip planner TripHobo Secures Series A funding from Kalaari Capital.
Pune-based Traveling planning startup TripHobo (previously known as JoGuru) has manage to secure an undisclosed amount of Series A financial funding from Kalaari Capital.
Its worth pointing out that a report done by TechCircle cites a top company executive has suggested that TripHobo manage to raise a total of Rs 20 Crore during this round, although the company declined to further comment on this. The company had previously manage to raise a total of $400,000 funding from Pune-based angel investor during 2012.
TripHobo plans to utilize the recently gained investment to increase the number of itineraries and content for travel destinations on its platform as well as improve upon its platform.
Initially founded during 2012 as JoGuru, TripHobo allows travelers to search through a collection of crowd-sourced travel itineraries. user may choose to either make use of the existing travel itineraries or edit the existing travel itineraries to change the listed attraction as per their preference.
It boast to currently contain over more than 25,000 itineraries from around 200 cities globally. In addition, TripHobo also boasts to provide planning related information for over 30,000 points of interest and allows user to book hotels through an affiliate partnership with Booking.com. A mobile application that is currently in development, which is expected to be launched during November of this year.
Other players involved in this space include Mygoloa which has successfully raised $1.5 million from Helion Venture Partners during the past October. Social travel marketplace Touristlink has also raised an undisclosed amount of seed funding from the African accelerator 88mph.ac and a group of private investors during the same month.