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Corporate travel management platform Tripeur raises pre-series A funding

ANI  |  New Delhi [India] 

Shorebird Technologies, the makers of Tripeur, the 3rd generation, end-to-end Management platform, co-founded by and raises $600,000 in the pre-of funding, led by Japan-based Angel investors from the company's seed round such as Rajul Garg also participated in this round.

is an end-to-end management platform that uses advanced and algorithms to drive efficiency, ease of use and customization for travel by employees and executives alike.

The funds raised in the seed round (earlier in Q4, 2016) were used to prove Tripeur's platform capabilities and adoption by the market. The milestones set at the seed stage were met 6 months early by the company, which led to pre-series A raise and closure. The pre-series A fund will be used primarily for building the Technology, Sales and Marketing teams of the company.

To grow the and scale rapidly, the company has brought on board Manish Raj, a former from as and Chief Officer. The transaction volume on the platform doubled in February as compared to January 2018. The target now is to grow the business by 10X in 2018 (as compared to 2017).

"We are excited to lead the space into the Third Generation by deploying latest innovations in Artificial Intelligence, and Personalization in various aspects of - be it for the traveller experience or or This round of funding will help our company to further our and grow our business manifold," said founder and CEO, Tripeur,

"in is huge but it is not digitized yet and so much inefficiency exists. Unlike B2C travel, corporate travel involves many processes such as policy implementation, authentification, booking, reflecting to accounting system, etc. Thus, a complete, yet easy-to-use solution is required. is an answer for this situation and we are so excited to join the journey," said Nao Murakami, founder and general partner,

"It is gratifying to see Tripeur getting wide reception in the market - from investors and customers alike. We are excited to see our transaction count double in February compared to January! With this additional investment coming in, we look forward to accelerate our business growth," said Sajit Chacko, founder and COO, Tripeur.

Manish Raj, and chief business officer, Tripeur said "I am excited join the Tripeur team as a and The in is really huge at $36B a year, and we have a strong pipeline of customers to be able to get a chunk of this market. We are building a solid sales team to address the market and grow our business.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 16:35 IST