Etrav Tech Ltd. gains investment of $3.9 Mn led by EaseMyTrip, to fuel its forthcoming enhancement plans.
Etrav Tech Ltd. secures investment of $3.9 Mn (INR 33 Cr) in its second round of funding, led by EaseMyTrip. The strategic utilization of the $3.9 Mn investment will play a pivotal role in fueling Etrav Tech’s ambitious expansion plans.
The company aims to enhance its technological capabilities by investing in cutting-edge technology infrastructure to streamline processes and enhance the user experience for its clients. Additionally, it plans to diversify its product portfolio to offer a broader range of travel solutions, catering to the evolving needs of its clientele. Moreover, Etrav Tech intends to solidify its global presence by strengthening its foothold in key international markets, including Thailand, Bali, and Vietnam, following the recent acquisition of UAE’s Eagle Crest DMC.
Heniel Rupaarelia, Managing Director of Etrav Tech Ltd, stated, “This investment marks a significant milestone in our journey towards reshaping the travel tech landscape. With EaseMyTrip’s support, we are well-positioned to unlock new opportunities, drive exponential growth, and redefine the travel experience for our clients globally.”
In the first round of funding in October 2023, the initial valuation was $69.78 Mn, with a post-valuation of $76.13 Mn and funds raised totalling $6.35 Mn from a diverse group of investors. In the second round, conducted in March 2024, the valuation remained at $76.13 Mn, with EaseMyTrip’s investment of $3.9 Mn for a 4.94% stake.
EaseMyTrip’s CEO and Co-Founder Nishant Pitti said in a statement, “We are aiming at diversifying our portfolio in the non-air segments. After investing in hotels, we now intend to enhance our services for our corporate clientele, and investment with ETrav Tech Limited will be pivotal in the same. Leveraging their tech capabilities and expertise in dealing with B2B clients, we are confident to service our clients better with improved offerings.”
Etrav Tech Ltd. Secures $3.9 Mn Investment Led by EaseMyTrip
