Etrav Tech Ltd. Secures USD 3.9 Million Investment Led by EaseMyTrip

Etrav Tech Ltd. Secures USD 3.9 Million Funding Led by EaseMyTrip

The strategic utilization of the USD 3.9 Mn funding will play a pivotal position in fueling Etrav Tech’s formidable growth plans.

Etrav Tech Ltd. Secures USD 3.9 Million Investment Led by EaseMyTrip | Check Details Here
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Share Market Information: Etrav Tech Ltd., headquartered in Mumbai, has just lately secured a major funding of $3.9 Mn (INR 33 Cr) in its second spherical of funding, led by EaseMyTrip. This strategic infusion of capital, spearheaded by EaseMyTrip, marks a pivotal second for Etrav Tech, setting the stage for exponential development and innovation.

Specializing in offering complete journey providers to B2B journey brokers nationwide, Etrav Tech covers a big selection of choices together with air tickets, lodge bookings, vacation packages, visa providers, journey insurance coverage, automotive leases, and bus tickets. With a sturdy clientele consisting of over 40,000 + journey brokers, 600 + distributors, and 700 + API/white label shoppers, the corporate primarily generates income from air ticket gross sales.

In the meantime, Etrav Tech has skilled income development, exceeding 100 per cent from FY 2021-22 to 2022-23. Lately, the corporate expanded its horizons by buying UAE’s Eagle Crest DMC, together with its subsidiaries in Thailand, Bali, and Vietnam. This strategic transfer goals to diversifyEtrav’s portfolio and facilitate world growth, thereby enhancing its market presence and contributing to trade development.

The strategic utilization of the USD 3.9 Mn funding will play a pivotal position in fueling Etrav Tech’s formidable growth plans. The corporate goals to reinforce its technological capabilities by investing in cutting-edge expertise infrastructure to streamline processes and improve the consumer expertise for its shoppers.

Moreover, it plans to diversify its product portfolio to supply a broader vary of journey options, catering to the evolving wants of its clientele. Furthermore, Etrav Tech intends to solidify its world presence by strengthening its foothold in key worldwide markets, together with Thailand, Bali, and Vietnam, following the latest acquisition of UAE’s Eagle Crest DMC.

HenielRupaarelia, the Managing Director of Etrav Tech Ltd., launched into his entrepreneurial journey in 2017 with a journey company, subsequently diversifying into journey distribution in 2018 by partnering with a number one OTA. By these ventures, he gained profound insights into the intricacies of the journey trade.

Amidst the challenges posed by the COVID-19 pandemic in 2020, he based Etrav, leveraging his complete understanding to deal with the wants of journey brokers and overcome challenges, thereby demonstrating his dedication to innovation and adaptableness.



Rajesh

Meet Rajesh, our astute reporter dedicated to delivering daily insights into the dynamic world of business. With a keen understanding of market trends and a passion for unraveling the complexities of commerce, Rajesh brings you the latest in the business landscape.

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