Travel-Tech Startup Holiday Tribe Secures INR 5.4 Crore in Seed Funding
Travel-tech startup Holiday Tribe has successfully raised INR 5.4 crore in its seed funding round. This investment round was spearheaded by Powerhouse Ventures and GSF, with contributions from prominent investors such as Dinesh Agarwal and Dinesh Gulati from India Mart, Murugavel Janakiraman of BharatMatrimony.com and actor Gaurav Kapur.
The funding will be allocated to enhancing the company’s technological capabilities, expanding its supply network and advancing brand development efforts. Based in Gurgaon, Holiday Tribe was established in 2023 by former MakeMyTrip executives Anshu Sharma and Chirag Goyal.
Anshu Sharma and Chirag Goyal, co-founders of Holiday Tribe, said in a joint statement, “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 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 travellers.”
Kshitij Golwalkar, General Partner, Powerhouse Ventures, said, “Partnering with Holiday Tribe has provided us an opportunity to foray into the dynamic category of travel and hospitality. With sound tech integration and optimal human intervention, the brand is poised to change leisure travel in India. Fuelled by the unwavering grit and vision of the brand’s founders, we look forward to driving operational excellence and customer success for Holiday Tribe.”
Rajesh Sawhney, Founder, at early stage VC firm GSF, added, “From the first time we met Anshu and Chirag, we understood this is a uniquely talented team who are bringing together their deep experience in the travel industry to build India’s leading customised holiday travel operator. Today’s holiday maker has unparalleled access to information on the latest trending experiences both in India and abroad and expects a high degree of personalisation for their travels. Tailormade customer delight on every day of their trip – from flights and hotels to food and entertainment – has become the expectation that Holiday Tribe caters to.”
