Trip Tap Toe raises Fresh Capital in Exchange of 26% Stake
Travel portal, Trip Tap Toe, achieved another milestone by raising fresh capital in exchange of 26% stake for an undisclosed amount. Mr. R.S Sharma, former Chairman and Managing Director of India’s premier national oil company – Oil and Natural Gas Corporation, made the seed investment. Mr. Sharma, who is also serving as Senior Advisor for McKinsey & Company, saw huge potential in the team, its growth, business plans & their newly launched Trip Tap Toe Concierge App, the chat based travel assistant app.
While the terms of the transaction were not disclosed, the latest round will see the Gurgaon-based company use the funds towards creating a larger sales team, planning new marketing initiatives, further boosting its mobile & web technology platform, hiring the best talent around, as well as building immersive experiences that engage consumers.
Manuraj Singh Johar, Founder & CEO of Trip Tap Toe, says, “ We have received amazing response to our concierge app. Every early stage venture hopes to raise capital and attain strategic assistance to take its product to the market. This fresh seed-funding shot will help us accelerate our efforts and establish credibility in the industry. We also believe that fundraising is about finding good partners, and we are very excited about taking this journey forward with Mr. Sharma. This new partnership will help us improve our technology & bring to our customers an improved flights & hotels booking experience on both mobile & web.”
Founded in 2008, the young team achieved 4000 room nights booking in 15-16. In the current year Trip Tap Toe has seen a growth of more than 50% as compared to the corresponding period last year.
You May Like :- How To Make Your Family Trip More Fun!
About Trip Tap Toe
Trip Tap Toe is an online platform to search, discover and book worldwide hotels, flights, curated itineraries and activities. TTT has global hotel inventory, consolidated from various suppliers and also from their own direct contracting with leading hotels worldwide. Similarly for flights, they part away their commissions as discounts to the end user through their online booking portal.
They have a huge data of itineraries & activities on their portal. Users can search, customise & book them as per individual choice.
With the Trip Tap Toe Concierge App, on both Android & iOS, they have already captured the attention of the millennial traveler. It aims to complete the entire travel cycle of discovery- search – planning – comparisons – negotiations & booking through the chat based app. “ Messaging & artificial intelligence are the next big thing in travel. Although we are still years away from training bots to the best of their intelligence we cannot ignore them” Manuraj adds.
Trip Tap Toe is on its way to disrupt travel with their chat based mobile app dedicated to support & concierge services. The changing trends in travel technology and communication reflect that people wish to get things done with a message. Trip Tap Toe Concierge App on your smartphone is just like having a personal travel assistant at your disposal anytime anywhere. The app lets you personalize your hotel & travel bookings as you want. Be it an early check-in request or web check-in or free travel recommendations, everything can be done on chat!