Shorebird Technologies, the makers of Tripeur, the third generation, end-to-end Corporate Travel Management platform, co-founded by Thiagarajan Rajagopalan and Sajit Chacko raises $600,000 in the pre-series A round of funding, led by Japan-based Incubate Fund. Tripeur is an end-to-end corporate travel management platform that uses advanced Artificial Intelligence and Machine Learning algorithms to drive efficiency, ease of use and customization for business travel by employees and executives alike.
The funds that were raised in the seed round were used to prove Tripeur’s platform capabilities and adoption by the market. The pre-series A fund will be used primarily for building the technology, sales and marketing teams of the company. To grow the business, the company has brought on board Manish Raj, a former senior executive from Via.com as Co-Founder and Chief Business Officer. The transaction volume on the Tripeur platform doubled in February as compared to January 2018. The target now is to grow the business by 10X in 2018 (as compared to 2017).
“We are excited to lead the corporate travel space into the Third Generation by deploying latest innovations in Artificial Intelligence, Machine Learning and Personalisation in various aspects of corporate travel space – be it for the traveller experience or travel desk automation or post-travel reconciliation. This round of funding will help our company to further our technology lead and grow our business manifold,” said Thiagarajan Rajagopalan, Founder and CEO, Tripeur.
“Corporate travel market in India is huge but it is not digitised yet and so much inefficiency exists. Unlike B2C travel, corporate travel involves many processes such as policy implementation, authentification, booking, reflecting to accounting system, etc. Thus, a complete, yet easy-to-use solution is required. Tripeur is an answer for this situation and we are so excited to join the journey,” said Nao Murakami, Founder and General Partner, Incubate Fund India.
“It is gratifying to see Tripeur getting wide reception in the market – from investors and customers alike. We are excited to see our transaction count double in February compared to January! With this additional investment coming in, we look forward to accelerate our business growth,” said Sajit Chacko, Founder and COO, Tripeur.
Manish Raj, Co-founder and Chief Business Officer, Tripeur, said “I am excited join the Tripeur team as a co-founder and CBO. The corporate travel market in India is really huge at $36B a year, and we have a strong pipeline of customers to be able to get a chunk of this market. We are building a solid sales team to address the market and grow our business.”