Online Corporate Travel Management Company Looking for Funding in Pune
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About Business
The company offers a single platform to all the organisations on a single tie-up, a complete solution to all their travel needs and also offering them credit (Bill to Company) for using any of the services. The company is a pioneer in corporate travel wherein an employee doesn’t have to claim reimbursement for each and every payment, rather our solutions help business put an end to employees making official payments from their own pocket. The company has already boarded quite a few well know corporates in India. Some of them are Titan, Deloitte, HP, Huawei, ICICI and many others. A one-stop tech-enabled digital platform where a corporate traveller utilizes services such as hotels, flights, cabs, Service Apartments, Rail Booking, Visa, Forex Cards, MICE and Conference room or even relocate their office to anywhere in India. The company have an exclusive tie-up with the majority of the airlines, hotels, cars and bus operators. The website has backend software which can generate MIS reports and also keep a track of the travel budget of each employee by getting internal approvals mandatory before the employee’s travel is confirmed. This puts an end to the frustrating bill management and reimbursement process. The office premises is on the lease. The company has a team of 20 people. The website monthly average turnover is INR 25 Lacs(after April 17) and profit margin is 14% The Company has generated INR 2.5 Cr turnover within 8 months at the pre-launch stage with an EBITA margin of 18-20%. The founders have invested 2.Cr plus and are Looking for first-round funding of INR 6 Cr to scale up the team, further develop the product with a big marketing push that will bring them to reach the targets
Reason
Looking at an investment of Rs. 6 Cr. We want to scale up the team, further develop the product with a big marketing push that will bring us to the targets.
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₹10 to ₹200 Cr
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