Mumbai Angels, a premium platform for private investments, has invested in Travel Buddy, the world's first social travel network. The travel platform offers solutions like trusted Travel Buddy Finder, Local Experts across popular destinations and a direct-to-consumer marketplace. The Travel Buddy team plans to spend 55 per cent of the funds on improving technology and building a strong foundation to assist more than 240 Million users by 2025-26. With plans for further product development, integration of a booking engine into the D2C marketplace, and introduction of a host of curated services on cards, Travel Buddy envisions ramping up its future revenue stream with new funds.
Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels, said, “After a brief lull, the travel market is buoyant with accelerating demands. Travel Buddy has ensured trust and an exhilarated experience for its travelers through a unique solution that holds immense potential to address the pain points inherent in the travel industry. Looking forward to seeing Saurav, Vijay and the team take great strides in scaling up their reach and impact with the fresh funds.”
While commenting on the startup’s future plans, Saurav Chakraborty, Founder-Travel Buddy, said,“It will be our focus to open a new arena of exclusive deals in Travel buddy, in creating a win-win situation for both our travelers and the service providers. We are confident that the fresh funds will tailwind the execution of Travel Buddy's planned initiatives for the future.”
He further added, “There cannot be a better validation than Mumbai Angels Network accepting us as their portfolio company. The support from Mumbai Angles comes at the time when our product goes cross-platform and starts expanding the D2C marketplace for travel brands is enthralling. We are extremely thankful to the network for their support.”