Total amount raised
$3 Millions
Latest funding date
Location
PickYourTrail has successfully raised funding over multiple rounds, attracting notable investors such as Kumar Vembu and Vinay Ahuja. The platform offers a unique service that allows travelers to create, customize, and book international holiday packages tailored to their preferences.
Keep reading to explore the intricacies of PickYourTrail's fundraising journey and the investors backing this innovative travel platform.
What Is PickYourTrail?
PickYourTrail, founded in 2014 by Hari Ganapathy and Srinath Shankar, is a travel company based in Chennai, Tamil Nadu, India. The company operates in the travel and tourism industry, offering personalized international holiday packages.
With an employee count ranging from 251 to 500, PickYourTrail enables travelers to plan and book customized vacations, including honeymoons and family trips. The platform is known for its unique matching algorithm and price comparison engine, ensuring tailored itineraries at competitive prices.
How Much Funding Has PickYourTrail Raised?
- Venture Round
- Amount Raised: Not specified
- Date: March 2022
- Lead Investors: Kumar Vembu, Vinay Ahuja
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen leadership in the leisure travel space and expand globally.
- Series A
- Amount Raised: $3M
- Date: February 2019
- Lead Investors: Kumar Vembu, Shyam Sekhar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product and technology, and expand market presence.
Total Amount Raised: $3M
Current Valuation: Not publicly disclosed
Key Investors
- Kumar Vembu
- Details: Kumar Vembu is the CEO of GoFrugal Technologies, a company specializing in ERP solutions. He is an existing investor in PickYourTrail and has expressed confidence in the company's future growth.
- Investment Focus Areas: Technology, ERP solutions, business software
- Notable Investments: GoFrugal Technologies
- Kunal Shah
- Details: Kunal Shah is the CEO of Cred, a well-known entrepreneur in the Indian startup ecosystem. He participated in the recent funding round for PickYourTrail.
- Investment Focus Areas: Fintech, technology startups
- Notable Investments: Cred, FreeCharge
- Adit Parekh
- Details: Adit Parekh is formerly associated with Blume Ventures, a venture capital firm. He participated in the recent funding round for PickYourTrail.
- Investment Focus Areas: Early-stage startups, technology, innovation
- Notable Investments: Various startups during his tenure at Blume Ventures
- Vinay Ahuja
- Details: Vinay Ahuja is the Executive Director at IIFL Wealth, a leading wealth management firm. He participated in the recent funding round for PickYourTrail.
- Investment Focus Areas: Wealth management, financial services
- Notable Investments: Investments through IIFL Wealth in various sectors
- Shyam Sekhar
- Details: Shyam Sekhar is an investor in PickYourTrail. Specific details about his background are not provided in the sources.
- Investment Focus Areas: Not specified
- Notable Investments: Not specified
What's Next for PickYourTrail?
PickYourTrail is poised for significant growth as it expands into new markets, starting with its new office in Dubai. The company aims to leverage its advanced DIY tech product to attract new-age travelers globally, capitalizing on the recovery of the travel industry post-pandemic.
With the recent funding round, PickYourTrail is well-positioned to strengthen its leadership in the leisure travel space. Future fundraising opportunities seem promising, given the positive investor sentiment and the company's strategic expansion plans. However, challenges such as navigating industry uncertainties and competing with established brands remain.
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