SAIF Partners invests Rs 10 cr in TravelTriangle

Venture capital and private equity firm SAIF Partners today announced a funding deal with TravelTriangle worth Rs 10 crore.

TravelTriangle, a registered product of Holiday Triangle Travel, is a marketplace for travel agents who can provide customised tours packages to travellers at the best prices.

TravelTriangle enables customers to connect to multiple local travel agents, get quotations, customise their trips according to their preferences and book through the site directly, SAIF Partners said in a release.

The company is already clocking in around $3.5 million in annual gross transaction value run rate, it added.

"Tours and packages is a large and growing market in India. There is a big pain point around fulfilment and customisation. We liked what TravelTriangle has done so far and would like to participate in the journey of such a great team," SAIF Partners Principal Mukul Singhal said.

TravelTriangle.Com is an international platform, having served customers from 33 countries with the majority being from India.

The company invests heavily in Big Data analysis to empower agents to provide personalised services for travellers and to ensure the best possible leisure trips for their customers.