The Indian Wire » Startups » Singapore’s Travelstop raises $3 million in pre-Series A funding led by Accel Partners

Singapore’s Travelstop raises $3 million in pre-Series A funding led by Accel Partners

Travelstop, an expense and business travel firm, based out of Singapore, has raised $3 million (approx ₹20 crore) in the funding round of pre-Series A led by the Accel Partners. The round also saw participation from some of the existing management investors of SeedPlus and Strive.
The travel firm will use the funds to build out its product and sign up for more large clients.“Traditional business travel management tools have not kept pace with modern times. They’re complicated, disjointed, expensive, and they don’t offer choice – we want to change that,” said Prashant Kirtane, co-founder and CEO at Travelstop.Travelstop, based out of Singapore, was founded by Prashant Kirtane in 2017. Travelstop is a revolutionary platform aimed at modernising and simplifying business travel. Using advanced technology and consumer-centric design, Travelstop offers tools that simplify and automate the entire business travel experience–right from trip planning to expense reimbursements. 

The company uses Artificial Intelligence-driven personalization to customize the experience of booking travel by corporate employees. It also builds the tools for the more efficient management of travel arrangements and expenses by employers.

The startup as of now provides its product as a localized offering in seven markets across Asia.

Some of the significant travel startups includes MakeMyTrip, Yatra, Travel Guru, Treebo, and many more.

Also read: Accel Partners leads seed round funding with $2.5 million in VComply

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