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Mauritius-based investment company, Frontline Strategy Limited and CCube Angels, an angel investors community in Singapore have acquired minority stake in New Delhi-based Kulmin Trocializing India, which owns and operates budget custom travel portal Wetravelsolo.com.
Wetravelsolo, founded in June 2014 by Shefali Walia, is an online platform that focuses on combining online and real time travelling at pocket-friendly prices, where trips are hand-crafted for a solo traveller.
CCube currently has more than 65 members, mainly from the capital markets and the financial services sector. It is an invite-only investment forum with more than 200 members and invests between $500,000 and $3 million in its portfolio companies.
"We are really excited to have Frontline Strategy as our seed investors who have not just invested in us but have given us new direction. To accept something as revolutionary as strangers traveling together in India needs faith, and a very fine observation. We are very glad to have our investors' faith in us and we intend to build the space and our product better with the investment," founder and chief executive officer Walia said in a statement.
