Hong Kong Based Travel Tech Startup Trip Guru Raises US$500,000 In Seed Round To Expand To New Markets In Southeast Asia

https://jumpstartmag.com/wp-content/uploads/2018/05/img-132.jpg


29 May 2018, Hong Kong – Hong Kong-based travel tech startup Trip Guru has just closed its seed round after raising US$500,000 from a total of eight (8) investors. The latter range from angel funders and family offices to venture capitals and publicly listed companies on the The Stock Exchange of Hong Kong Limited (SEHK). The startup was able to significantly raise its profile after graduating from the Betatron startup accelerator programme last January.

Trip Guru’s co-founders Sebastian Renzacci and Francesco Piccolo plan to inject the new funding into Market Expansion. The goal is to achieve regional scale in their primary market, Southeast Asia, in the first semester of 2018. Aside from cementing its presence in seven (7) countries and sixteen (16) destinations in the said region, Trip Guru also plans to open tours in new Asian markets including China, India, Nepal and Myanmar.

In addition, Trip Guru will also channel the new funds into the launch of its Progressive Web App (PWA), targeted for the third quarter (Q3) of 2018. The startup plans to transition its current mobile platform into PWA, which delivers an app-like experience to users from their browsers, without them having to download a native app from Google Play / Apple Store.

In line with its expansion plans, Trip Guru will also be growing its team this year. The startup is looking to onboard passionate and tech-savvy talents in marketing, tech and business development for its Hong Kong office.

V Moxie Capital investor Marston Lai said: “Trip Guru caught our attention with their business model that taps into the massive market potential of the online travel booking industry. The founders have the creativity and grit to launch highly differentiated products serving their high potential target consumers. I’m excited to see Trip Guru gaining traction and its customers talking about how much they’ve enjoyed the experiences. I think the venture is redefining quality travel on its own terms. ”

Betatron Startup Accelerator Co-Founder and Partner said: “At Betatron we invest in exceptional founders who execute and show commitment to their mission in tackling big markets. We first met Trip Guru founders Sebastian and Francesco when they applied for Cohort 1 in early 2017, before they launched their product. By the time they applied for Cohort 2 in August 2017, they had a great product and successful launch in Bali while growing month on month. The progress they demonstrated in six months impressed us with their ability to execute and signs of early product/market fit. Although the travel industry is a massive and competitive market segment, the Trip Guru team has demonstrated over the last few months their ability to execute and scale to new markets. We are looking forward to Trip Guru rolling out across the whole Asia this year, which will position them for global expansion.”

Trip Guru CEO and Co-founder Sebastian Renzacci said: “After a year of our product launch, we are honored with the vote of confidence from our investors and the trust of over 5,000 loyal customers who have chosen TripGuru as their partner in discovering memorable experiences. For us, this is just the beginning of our long-term vision. We are committed to transforming traditional travel products into unique experiences based on customers’ feedback, local expertise from our network of travel curators, and the scale of our technology.”

About Trip Guru
Trip Guru is a booking platform that connects travellers via authentic experiences. Its curated group tours appeal to millennial globetrotters in search of social connections and unique activities. The Hong Kong-based travel startup currently operates in sixteen (16) destinations within seven (7) countries including Bali, Chiang Mai, Bangkok, Phuket and Ho Chi Minh. Since Trip Guru’s launch in April 2017, it has become the preferred travel platform with 1,000+ adventures for over 10,000 independent travelers and discerning explorers. For more information about Trip Guru, please visit thetripguru.com

Trip Guru’s Experiences

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

What Should Employees Do in a Crisis

What Should Employees Do in a Crisis?

At the start of January 2023, a drunk man in an Air India flight’s business class urinated over a 72-year-old woman sitting beside him. The man, Shankar Mishra, was the Vice President of the financial services company Wells Fargo (he was fired following the incident). In itself, the incident is disgusting.

Top 5 AI Companies in the World

Top 5 AI Companies in the World

Technological developments are driven by the human need to make life easier and complete tasks faster and more efficiently. The drastic growth of technology in recent years has paved the way for artificial intelligence (AI) to become an integral part of almost every industry—from education and lifestyle to music and sports. It is everywhere. And by the looks of it, it is here to stay.

3 High Demand Metaverse Jobs in Future That Your Kids Should Look into

3 High Demand Metaverse Jobs in Future That Your Kids Should Look into

It’s no wonder why Jumpstart Media named “metaverse” one of the top emerging trends and technologies to look forward to in 2023. With an expected compound annual growth rate (CAGR) of 39.4% from 2022 to 2030, Grand View Research forecasts that the global metaverse market is set to expand exponentially. From fashion shows, gaming, luxury products, sports and travel to art, many industries are tapping into the metaverse’s potential.

4 Most Anticipated Tech IPOs of 2023

4 Most Anticipated Tech IPOs of 2023

The technology industry has been a driving force in shaping the global economy for decades and the initial public offerings (IPOs) of technology companies are often highly-anticipated events. In 2022, the tech IPO market saw a slowdown compared to the previous year, 2021.

5-Luxury-Items-That-Are-Worth-the-Investment

5 Luxury Items That Are Worth the Investment

The world of luxury items is one of elegance and exclusivity, with their value increasing as time passes. They are unattainable and highly coveted by the masses. Plus, luxury products have a Veblen effect on the market—as their price rises, their demand does, too.

How Do You Know When to Give Up on Your Startup?

How Do You Know When to Give Up on Your Startup?

Starting a new business is never an easy task. You put your heart into it and spend countless hours working on what you believe will make someone happy or solve society’s problems. But sometimes, startups don’t work out as planned—this can be both disheartening and discouraging.