Travel Triangle Success Story – Business Model, Competitors

Travel Triangle Business Model

TravelTriangle is one of the top online travel marketplaces, serving as a bridge between holiday seekers and over 650 esteemed travel agents. Travel Triangle provides access to a wealth of travel expertise for more than 65 global destinations.

Their mission of Travel Triangle is more than just a simple travel agency; they strive to cultivate a comprehensive holiday ecosystem dedicated to enhancing the traveler experience.

Travel Triangle Overview

PointsDetails
Company NameTravelTriangle
Legal NameHoliday Triangle Travel Private Limited
Founded2010
Founders Sanchit Garg, Prabhat Gupta, Sankalp Agarwal
HeadquartersGurugram, Haryana, India
IndustryTravel Industry
Business TypeOnline Travel Marketplace/ Holiday Marketplace
Services OfferedHoneymoon, Family, Holiday Deals, Luxury Holidays
Operating ModelConnects travellers with verified local travel agents
Revenue ModelCommission-based (5–8% per booking, up to 10%)
Key FeatureCustomizable travel packages
Destinations Covered65+ global destinations

How Travel Triangle Started

Travel Triangle started when the CEOs Sanchit Garg, Prabhat Gupta and Sankalp Agarwal decided to take a trip to Leh in 2010. However, they had a pleasant experience. Despite the experience, they found themselves and many other tourists being cheated by travel agents.

They have always been fascinated by science and innovation and were keen on putting it out in the world. They decided to tap into the issue and make something that would lead to people making out good memories back after travelling from their favourite places.

Although different people told them that this was not the right time to dive into the whole new industry with the recession, etc., the love & passion to create and innovate kept them on their toes, leading to them creating the brand Travel Triangle, India’s first online travel marketplace.

The platform connects travellers with verified expert travel agents, making your trip planning and booking more transparent and reliable.

Funding Rounds of Travel Triangle

TravelTriangle has raised a total funding of $46.4 million across 9 funding rounds.

The company received its first funding in June 2012. Its most recent funding was a Series D round in February 2020, where it raised $1.46 million.

YearRoundFunding RoundsInvestors
June, 2012Angel200KKrishna Motukuri, Neha Singh, Abhishek Goyal, Vikas Saluguti, Akshay Saxena, Amit Ghorawat, Amrita Mahale, Aneesh Reddy Boddu, Sneha Reddy, Michael Massey, Aloke Malik
June, 2014Seed$1.4MElevation Capital, Anvaya Ventures
2015Venture$1.25MInnoven Capital
April, 2015Series A$8MBessemer Venture Partners, Elevation Capital, WGG International
February, 2017Series B$10MRB Investments, Bessemer Venture Partners, Vestech Partners, Elevation Capital, WGG International
April, 2018Series C$12MFundamentum, Bessemer Venture Partners, RB Investments, Vestech Partners, Elevation Capital, WGG International
October, 2018Venture$3MInnoven Capital
October, 2019Series D$13MKB Investment, Fundamentum, RB Investments, Bessemer Venture Partners, Simba Fashions, Fortunex
February, 2020Series D$1.46MVestech Partners, WGG International

Source

Services offered by Travel Triangle

TravelTriangle offers a wide range of travel options through its holiday marketplace, including both predefined and customizable packages in the following categories:

  • Honeymoon Packages 
  • Family Packages
  • Holiday Packages
  • Holiday Deals
  • Luxury Holidays

These packages help travellers plan trips at the best prices while enjoying flexibility and choice. Also, you can read 100s of travel guides, city-wise, recommendations, tips and much more on their blog.

How TravelTriangle Works: Business Model of Travel Triangle

Travel Triangle works hard to keep you happy by offering good quality services and the best travel deals. To make this possible, they use their own SaaS-based customer relationship management software to understand what you need and quickly resolve any issues.

TravelTriangle has built an online marketplace where you, as travellers, receive multiple quotes from verified and trusted travel agents. This gives you the freedom to compare options, customise your trip and plan your holidays at the best prices.

Revenue Model Of Travel Triangle

Travel Triangle earns a commission of 5-8% on each holiday booked, which can go up to 10% in some places. They only have a few costs to run their business, mainly just marketing and operations. This helps them grow their business while keeping costs low, making them a reliable choice for people planning their holidays.

Travel Triangle Competitors

Travel Triangle Organic Competitors are the following,

Apart from that, they do have some indirect competitors like EaseMyTrip, MakeMyTrip, Goibibo, Ixigo, and Yatra.com

Travel Triangle FAQs

1. How to contact the Travel Triangle?

You can reach out to them at [email protected], or you can also call them at 1800 123 5555 during office hours (10 AM – 8 PM)

2. What payment methods does Travel Triangle accept for trip bookings?

Travel Triangle accept almost all types of payment methods,
> Debit Card
> Credit Cards
> NEFT/IMPS
> UPI

3. Who is the owner of Travel Triangle?

Sankalp Agarwal and Prabhat Gupta are the co-founders of TravelTriangle

Travel Triangle’s legal name is “Holiday Triangle Travel Private Limited”.

5. Does Travel Triangle offer international tour packages?

Yes, they offer more than 65+ destinations across the world.

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