GoFro, an online holiday deals marketplace, has secured around ₹64 crore ($10 million) in its Series B funding round, led by H.I.S. Co. Ltd. — a Japan-based travel company.
Along with H.I.S, the existing investor of the startup, MakeMyTrip, has also invested in the current round. The Japan-based travel company has about 230 overseas branches in 141 cities across 66 countries, in addition to 233 retail outlets in Japan.
With the new capital infusion, the company is now looking to strengthen its technology platform, supply and agent network. It also believes that the partnership with Japan-based HIS will allow the startup to expand into international markets.
Commenting about the investment in GoFro, Akira Hirabayashi, Vice Chairman, H.I.S. Co. Ltd said,
The team has created an amazing technology product and we believe it holds the potential to become the next travel-tech revolution. GoFro platform is globally scalable and we look forward to taking this revolution to the Japanese market.
Amitabh Misra, founder and CEO, GoFro said,
We have received great consumer traction in just a year of operations. We now look forward to H.I.S.’s global reach and experience helping us enhance our global supply network and provide great holiday packages at competitive prices to our customers.
GoFro was founded in 2015 by former Snapdeal CTO Amitabh Misra. The platform currently offers customised and fixed packages for more than 70 destinations across the globe. It connects travellers with suppliers and destination experts for holiday packages.
It aggregates packages from all the leading online and offline travel companies including MakeMyTrip, Yatra, TUI, among others. The company also offers online assisted booking to travellers. The startup believes that its USP lies in allowing users to customise and manage their itinerary.