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News In Brief Startups

TravClan Raises $4.7 Million in Pre Series-A Funding Round

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TravClan Raises $4.7 Million in Pre Series-A Funding Round
02 May 2022
min read

News Synopsis

B2B travel agency TravClan has raised $4.7 million in a Pre-Series A expansion funding round led by the Hashed Emergent Fund and angel investors which includes, Nick Talwar, Aayush Phumbra, Travis Katz, Pritesh Gupta, Vikram Chopra, and Mehul Agrawal.

TravClan has expanded to eight cities in India, Dubai, and Singapore and will start operations in the United States and the South East in the next 12 months. Despite the impact of Covid-19, Trav Clan claims to have grown almost 20-fold during the pandemic and is on track to clock a $100 million GMV run rate in this quarter with a positive contribution margin.

TravClan was co-founded by Arun Bagaria, Chirag Agrawal, and Ashish Thapliyal in October 2018. The founders formerly labored in key management roles at Oyo, Travel Triangle, and Cars24 and understood the demanding situations confronted by 300,000 small and medium journey dealers in India.