Tripoto raises pre Series A round led by IDG Ventures and Outbox Ventures
Online travel community platform Tripoto has raised its second round of funding led by IDG Ventures India and existing investors Outbox Ventures also participated in the round. The amount invested is undisclosed. Following the round Karan Mohla from IDG Ventures will be joining Tripoto as a board member.
The company funds will be primarily used for rapid growth in mobile, team augmentation and building upon the early success already seen in global expansion.
Founded by Anirudh Gupta and Michael Lyngdoh, Tripoto brings together travellers from around the world to share and discover real, and actionable crowdsourced travel stories. The startup maps every single destination in the story, along with the associated content and pictures.
Launched in early 2014, Tripoto raised a seed investment of 400,000 USD from angel investors led by Outbox Ventures, including Snapdeal’s Founders Kunal Bahl, Rohit Bansal and Sachin Bhatia of Trulymadly in November last year.
"We are excited to have IDG Ventures on board. They bring a lot of experience and access to a global network for Tripoto," said Anirudh Gupta, Co-founder Tripoto. "Most importantly, the IDG Ventures team is entrepreneur- friendly and easy to work with," said Anirudh.
Over the past three months, Tripoto has witnessed 100% growth in web traffic while mobile traffic has seen much higher growth. Tripoto has consistently been rated as one of the top travel apps in both the Android and iOS stores.
At present, the company gets 1.3 million unique pageviews on a monthly basis and has 50K plus downloads on Android and iOS platforms.
Speaking about the thesis behind investment, Karan Mohla said, “We were highly impressed with Tripoto’s dominance and rapid growth. Their mobile app usage and engagement has witnessed phenomenal growth in the months since the launch. This is a strong and cohesive team led by Anirudh and Michael who have clearly demonstrated their ability to build and scale-up a world-class product. The segment of travel content and community is certainly ripe for disruption as it hasn’t seen true innovation in a few years.”
Recommended read: Journey from ISB to co-founding a travel startup – Tripoto
Prior to the launch of Tripoto, Anirudh was part of the founding team of Notion Ink, and also worked for Rocket Internet as an Entrepreneur in Residence (Middle East), while Michael is a serial entrepreneur and earlier founded HST Operations (now known as HST Solar).
Tripoto was launched in early 2014 and as the leading travel content and community sharing platform. The company aims to disrupt the current model in this segment.