Travel website Goomo Holdings has raised $50 Million funding from a venture firm called Emerging India. With this, Emerging India has acquired a majority stake in the startup.
Goomo, Mumbai based travel website was launched in March, 2017. Name Goomo was originated after the merger between Orbit Corporate and Leisure Tours in 2015. This app provides full control over website, mobile application, multi-lingual call center and a network of travel agents. This company is currently functioning in India and Germany and planning to expand and to provide this service in more countries, so that other people can also avail the facilities.
Varun Gupta, CEO, Goomo, commented that “Goomo is being built ground up to be an Omni channel platform that will facilitate corporate and consumer travel bookings across online and offline channels. This is for professionals and for people who travel frequently”.
Emerging India is a Mauritius-based private equity fund. It is a growth-stage investor and provides funding to companies which are looking for a global expansion. The funds has been invested in across multiple classes. The Indian travel industry provides immense opportunities for growth and consolidation. Over the past 12 months, Emerging India has built a great team with a strong foundation. We are excited about the growth prospects of the business and expect the team to create a great India-focused travel distribution business in the upcoming years.