TravelTriangle, an India-based online marketplace, has raised
$12 million in a Series C funding round.
Fundamentum Partnership led the investment, with
existing investors SAIF Partners, Bessemer Venture Partners and RB Investments also
participating.
Launched in 2011, TravelTriangle is an online platform to
connect travelers with local travel agents in their desired destinations.
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The company’s website says it works with a network of more
than 650 travel agents in more than 65 destinations around the world, and it has
more than two million users monthly. The system allows travelers to compare multiple
quotes from multiple travel agents and to create a customized package.
This latest funding is in addition to $20 million raised
earlier, according to the website, and “the company has already achieved
operating profitability, and on track to become EBITDA profitable by next year.”
TravelTriangle will use the funding to develop its
artificial intelligence and machine-learning capabilities and to expand to new
destinations.