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Travel app firm TripHobo raises USD 3 million

Press Trust of India  |  Mumbai 

User-generated travel itineraries aggragator TripHobo today raised USD 3 million which will be used for research and development, talent acquisition, scaling content and technology integration with the travel ecosystem.

"TripHobo has secured USD 3 million in series B funding, led by incoming investor Mayfield and the existing investor Kalaari Capital. This is the second round of funding after a series-A round in July 2014," the company said in a release.

"Mayfield and Kalaari bring decades of rich experience in working with and guiding startups across the globe and we'll definitely benefit from that," TripHobo chief executive Praveen Kumar said in a statement.

TripHobo is a visual algorithmic trip planner, which allows users to choose where they want to travel, suggests attractions, helps plan each trip day in detail and make bookings of the same through the platform. At the backend, it runs an algorithm to optimise the trip taking into account travel distances, open or close timings, preferred mode of transportation among others.

First Published: Tue, March 31 2015. 17:57 IST