The investors include Pawan Borle, senior vice-presidrent, Fly Dubai, Abrar Ahmad, partner at Travel Capitalist Ventures, Nirmal Singh, Sanjay Shah and Ushik Gala who are chartered accountants by profession and serial angel investors in Indian startups.
The funding will be utilised to fuel expansion plans and product innovation. With this, Guiddoo is well positioned to raise Series-A funding within the year, the company said on Wednesday.
The company said its in-destination travel app had curated content for over 300 monuments, attractions and locations around the world. The app has over 100,000 downloads, with seven screens per session usage. The company continues to add 1,000 new users a day.
“With Guiddoo we want to ensure that travellers get timely and trusted advice on where to go, need-to-know travel information and in-city details with information on monuments, parks, ticketing etc. We want to make it easier for a traveler to not only plan the trip but maximise his time during the trip by having all information at his fingertips," said Vineet Budki, founder of Guiddoo.
"The funding will help us create curated content for the top 25 inbound destinations globally and build a solution for India specifically, which will be available in multiple Indian languages. We are also in discussion with leading venture capital Investors for Series-A funding. Dexter Capital Advisors is exclusive advisor for our Series-A funding," he added.