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Travel startup Taxidio raises $200,000 as seed investment

Author: Theodore Koumelis / Date: Mon, 04/16/2018 - 09:15
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Taxidio, which offers a wide range of services to these new age travellers will use the capital raised to aggressively build it's brand across borders and expand its content and IT teams.

Mumbai - Taxidio, a Mumbai-based online trip planner has raised $200,000 (INR 1.3 Crores) from undisclosed investors as seed investment. Live since May 2017, the company is soon looking to go for their Series A round of funding.

The age of using online travel services is here and travellers are increasingly more inclined to book their trips on the internet. Taxidio, which offers a wide range of services to these new age travellers will use the capital raised to aggressively build it's brand across borders and expand its content and IT teams.

The Taxidio App is available for free on AppStore and GooglePlay.

Since our website went live last year, we have noticed a stable growth of volume on our tool and assisted a large number to travellers with planning and booking their trips around the globe. We are now looking forward to cater to a larger audience through our Taxidio App which offers a simplified solution to every user’s travel needs.”, says Vishal Kejariwal, Co-founder and CEO of this cutting-edge travel startup.

Travel planning should be all about personalisation and flexibility, and with Taxidio, we want to make travel as accessible and trouble-free as possible. Our website and app are designed to enhance user experience, and with the inflow of funding, we are ready to expand our reach as a reliable platform for a wide range of travel services.”, adds Abhas Desai, Co-founder and CTO of Taxidio.

The global tourism market is about 10% of the world's GDP, close to 54% of which comprise of leisure travelers. The company is currently focused on the Indian market that itself is projected to grow at the rate of 11-11.5% to a $48 billion market by the year 2020, as per a report by Boston Consultancy Group.

ABOUT THE AUTHOR

Theodore Koumelis

Co-Founder & Managing Director

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.