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Guiddoo raises USD 800K in pre-series A funding

ANI  |  New Delhi [India] 

Guiddoo, a one-stop shop for in-destination experiences, has secured capital of $800,000 (6 CR. approx.) in the Pre-Series A funding, held in July this year.

The funding was led by global investors including (Singapore), & Angshuman Sarkar (India). aims to leverage the fresh funding to expand operations, increase destination reach, product portfolio and to further develop its technology platform.

It will strengthen its portfolio by adding new destinations under its 'customised packages' offering and will beef up teams to manage the increase in operations in the Global and Indian Market. In terms of the strategy for growth, the company aims to commence operations by Feb 2019. Another focus area will be to build a pan distribution network for the its & & Holidays products.

Vineet Budki, at said, "From starting afresh after a pivot from the Audio Guide Model to garnering 700% YOY revenue growth in the & business, and securing fresh funding from our trusted investors, it has been an incredible journey. It is a reflection of our commitment to make significant contribution to the Outbound space by delivering innovative product enhancements."

He added, "We are delighted to have secured this significant bridge round of funding. The capital raised will help us expand our footprint, augment our infrastructure and acquire promising talent to implement the blueprint. We are motivated more than ever to build robust products and extend the best services possible to our consumers."

"We are excited to invest in in their endeavour to bring best-in-class, digital in-destination experiences to enthusiasts. We are confident of the team's potential and are looking forward to the company's growth story in the near future," said Stephen DMello who runs successful Investment, Real Estate & Trading businesses in and

"Having been an avid traveller, I saw Indian tourists in all parts of the world. Guiddoo presents me with a great opportunity to tap into outbound Indian tourists, I see great potential in this segment with more and more Indians travelling abroad Every Year," says Rennie Ratadia, Global Investor.

Incepted in 2013, the startup has been actively helping travellers by providing seamless services so that they can make the most of their trips. Guiddoo offers an array of services like Guided and Activities, Dining, Entertainment and Shopping as add-ons to the Indian Outbound travellers and curates special packages for them which are unique to the Indian travellers, and are different from the global products in experience, culinary habits and prices among others.

The Guiddoo app is available on both iOS platforms and has a robust for its Agent network. Guiddoo offers its Tours & across 11 international destinations through 4000+ Travel Agents across and also has institutional partners including &

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

First Published: Tue, December 04 2018. 14:30 IST
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