Traveltech startup Guiddoo raises funds to lure in China’s tourists
Guiddoo also plans to add new destinations in the Middle East and Africa to its portfolio to further attract the Chinese Market.
Mumbai-based travel technology company Guiddoo has raised an undisclosed amount of funding from New Jersey-based global venture capital firm SOSV and Artesian China Fund to expand its services to China.
The company will be using the funds to build its products and offerings specifically for the China market and to strengthen its on ground operations and product development.
Founded in 2013 by Vineet Budki, Vishal Shah, Prashant Choudhary and Nidhi Varma, the startup helps travellers by providing services like guided tours and activities, dining, entertainment and shopping as add-ons.
The company currently offers its services across 15 international destinations and works with over 4,000 travel agents in India. Some of the institutional partners for Guiddoo are Cleartrip and Yatra. It claims to have handled more than 5,000 excursions and over 30,000 customers.
The company last raised $800K in a pre-Series A round in December 2018 and prior to that, $300K in 2017.
Guiddoo also plans to add new destinations in the Middle East and Africa to its portfolio to further attract the Chinese Market. As an aggregator, the firm will also focus on adding independent Chinese travel service providers into the loop.
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