SUMMARY
- Holiday Tribe raises ₹5.4 Cr seed funding to enhance supply chain, technology, and marketing efforts.
- Founded in 2023, the firm provides personalized travel experiences with partnerships across 1 lakh+ global hotels.
- India’s travel market is expected to reach $18.81B in 2024, driven by strong outbound tourism growth.
Holiday Tribe, a travel-tech firm, has secured ₹5.4 crore in a seed funding round. The fresh funds will be used to improve the brand’s supply chain, technological prowess, and marketing campaigns.
The funding round was led by Powerhouse Ventures and GSF India with involvement from well-known investors such as Actor Gaurav Kapur, Murugavel Janakiraman (BharatMatrimony.com), Dinesh Agarwal (India Mart), and Gulati.
Co-founders Anshu Sharma and Chirag Goyal stated, “Travel witnessed significant growth in the post-covid era. People want to holiday with family and loved ones, and explore newer destinations more than ever. Holiday Tribe was established to meet this growing demand while addressing a key market gap, the lack of accuracy and agility in curating customized solutions for customers. We continue to work towards narrowing this gap with the implementation of robust back-end technology to provide timely solutions, in line with customer preferences. This influx of capital will further our brand-building efforts through better integration of the latest technology, expanding our supply network, and exploring newer destinations. We are excited to embark on this journey with our partners at Powerhouse Ventures and GSF, and are optimistic of emerging as a leisure travel partner of choice for avid travelers.”
Anshu Sharma and Chirag Goyal founded Holiday Tribe in 2023. The Gurgaon-based startup offers personalized vacation experiences in a variety of locations, appealing to adventure seekers, couples on their honeymoon, families, and people who want to see new or undiscovered places. The firm has partnered with over 10 tourism boards and has a vast global supply network comprising over 1 lakh hotels.
India’s outbound tourism market is anticipated to reach US$ 18.81 billion in 2024 and increase at a compound annual growth rate of 11.4% in the ensuing 10 years, to reach roughly US$ 55.38 billion, according to a FICCI-Nangia knowledge paper.
Similarly, the internet travel industry in India is anticipated to expand from US $17.24 billion to US$ 28.40 billion between 2024 and 2029 at a compound annual growth rate of 10.5%. With increased international airline options and visa exemptions supporting India’s travel narrative, the country has a bright future ahead of it, with significant potential for development in both domestic and international tourism in 2024.
