goomo
FUNDING

Travel Tech startup Goomo rasies $50 Million from Emerging India

Goomo Holdings Services India Private Limited, which operates online travel and holiday booking platform Goomo, has raised $50 million (Rs 321.6 crore) of fresh funding. The funding round was led by Mauritius-based private equity firm Emerging India. The startup will receive the funding in tranches and already has bagged $25 Million.

The Singapore-Mumbai based startup was started in 2006 as Goomo Holdings India and launched its online platform Goomo.com in March 2017. The travel tech startup is focused on providing travel and mobility solutions to individuals & corporates. Goomo provides 360-degree accessibility through a user-friendly website, mobile applications, a multi-lingual call center, and a network of travel agents.

Varun Gupta, chief executive of the company said, “Goomo is being built ground up to be an omnichannel platform that will facilitate corporate and consumer travel bookings across online and offline channels.”

Goomo has currently over 300 employees across 15 cities in India & Germany. In November 2015, the startup was formed after Emerging India acquired traditional travel-focused company Orbit Corporate and Leisure Tours by investing about $180 Million.

A spokesperson from the investors said: “The travel industry in India offers immense opportunities for growth and consolidation. Over the past 12 months, we have built a great team with a strong foundation. We are excited about the growth prospects of the business and expect the team to create a great India-focused travel distribution business in the next 2-3 years.”

Last month major travel tech startup MakeMyTrip has also raised funding of $330 Million from existing investors from South African technology group Naspers, Chinese travel firm Ctrip.com and other investors. Read more about Indian Startup Ecosystem.

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Travel Tech startup Goomo rasies $50 Million from Emerging India
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