Corporate travel management startup Tripeur raises pre-Series A funding
According to the company, the corporate travel market in India is estimated to be worth $36 billion.
Shorebird Technologies Pvt. Ltd, which runs corporate travel management platform Tripeur, has raised a $600,000 (Rs 3.90 crore) pre-Series A round led by Japan-based Incubate Fund.
Existing investors, including early-stage investor Rajul Garg and a few other angels, also participated in the funding round.
Tripeur had secured an undisclosed amount in a seed round led by Grace Grace Techno Ventures LLP in the last quarter of 2016.
According to a company statement, Tripeur will utilise the capital to fund its innovations in artificial intelligence and machine learning algorithms, and drive efficiency. It also aims to grow its revenue 10 times by the end of the calendar year.
Tripeur also announced the appointment of former Via.com senior executive Manish Raj as its co-founder and chief business officer.
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