Etrav Tech Receives Significant Funding Boost from EaseMyTrip (Image Source: iStockphoto)
Etrav Tech Ltd., based in Mumbai, has recently clinched a substantial investment of USD 3.9 million (Rs 33 crore) in its second round of funding, with EaseMyTrip leading the charge. This injection of capital heralds a significant milestone for Etrav Tech, poised to propel its growth trajectory and foster innovation in the travel technology sector.
Specialising in catering to B2B travel agents nationwide, Etrav Tech offers a comprehensive suite of travel services encompassing air tickets, hotel bookings, holiday packages, visa services, travel insurance, car rentals, and bus tickets.
On the Funding, EaseMyTrip’s CEO and cofounder 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.”
Under the stewardship of Managing Director Heniel Rupaarelia, Etrav Tech has witnessed remarkable revenue growth, surpassing 100 per cent from FY 2021-22 to 2022-23. Recently, the company expanded its reach by acquiring Eagle Crest DMC in the UAE, along with its subsidiaries in Thailand, Bali, and Vietnam.
Rupaarelia, who embarked on his entrepreneurial journey in 2017 with a travel agency, transitioned into travel distribution in 2018 by partnering with a leading OTA.
The company plans to fortify its technological infrastructure, enhance user experience, and diversify its product portfolio to cater to evolving client demands. Furthermore, it aims to consolidate its global footprint by solidifying its presence in key international markets, including Thailand, Bali, and Vietnam, following the recent acquisition of Eagle Crest DMC in the UAE.
