India’s TravClan raises $4.7M to help agents digitize operations

TravClan, an India-based startup that helps travel agents build their digital capabilities, has raised $4.7 million in pre-Series A funding.

The round comes less than a year after the company raised $2.2 million in July 2021 and was led by Hashed Emergent Fund and several angel investors. 

Founded in 2018, TravClan’s platform enable agents to set up online websites in a matter of seconds to begin selling flights, hotels and packages from suppliers around the world and using built-in payment and credit solutions. Customers also get access to marketing tools to help them generate demand through social media.

The company says it is currently working with 15,000 travel agents, and its bookings have grown 20X compared to pre-COVID levels. TravClan will invest the new capital in developing its product and technology as it looks to grow 10X over the next year.

“COVID has accelerated the need and demand from travel agents to digitize their operations. Our platform is enabling travel companies to rebuild their business faster and earn a better livelihood by generating more demand,” says Arun Bagaria, co-founder and CEO of TravClan.

TravClan has expanded its physical presence in eight cities in India, Dubai and Singapore and plans to launch operations in the United States and Southeast Asia over the next 12 months.

“Payments and trust in the travel ecosystem is a large problem that is being addressed by TravClan. We are excited about the team’s vision to build payments network potentially using blockchain thus saving millions of dollars in fees and building trust in the ecosystem,” says Tak Lee of Hashed Emergent Fund.