Etrav Tech Ltd. Secures USD 3.9 Million Investment Led by EaseMyTrip | Check Details Here – India.com

The strategic utilization of the USD 3.9 Mn investment will play a pivotal role in fueling Etrav Tech’s ambitious expansion plans.

Share Market News: Etrav Tech Ltd., headquartered in Mumbai, has recently secured a significant investment of $3.9 Mn (INR 33 Cr) in its second round of funding, led by EaseMyTrip. This strategic infusion of capital, spearheaded by EaseMyTrip, marks a pivotal moment for Etrav Tech, setting the stage for exponential growth and innovation.

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Specializing in providing comprehensive travel services to B2B travel agents nationwide, Etrav Tech covers a wide array of offerings including air tickets, hotel bookings, holiday packages, visa services, travel insurance, car rentals, and bus tickets. With a robust clientele consisting of over 40,000 + travel agents, 600 + distributors, and 700 + API/white label clients, the company primarily generates revenue from air ticket sales.

Meanwhile, Etrav Tech has experienced revenue growth, exceeding 100 per cent from FY 2021-22 to 2022-23. Recently, the company expanded its horizons by acquiring UAE’s Eagle Crest DMC, along with its subsidiaries in Thailand, Bali, and Vietnam. This strategic move aims to diversifyEtrav’s portfolio and facilitate global expansion, thereby enhancing its market presence and contributing to industry growth.

The strategic utilization of the USD 3.9 Mn investment will play a pivotal role in fueling Etrav Tech’s ambitious expansion plans. The company aims to enhance its technological capabilities by investing in cutting-edge technology infrastructure to streamline processes and enhance the user experience for its clients.

Additionally, it plans to diversify its product portfolio to offer a broader range of travel solutions, catering to the evolving needs of its clientele. Moreover, Etrav Tech intends to solidify its global presence by strengthening its foothold in key international markets, including Thailand, Bali, and Vietnam, following the recent acquisition of UAE’s Eagle Crest DMC.

HenielRupaarelia, the Managing Director of Etrav Tech Ltd., embarked on his entrepreneurial journey in 2017 with a travel agency, subsequently diversifying into travel distribution in 2018 by partnering with a leading OTA. Through these ventures, he gained profound insights into the intricacies of the travel industry.

Amidst the challenges posed by the COVID-19 pandemic in 2020, he founded Etrav, leveraging his comprehensive understanding to address the needs of travel agents and overcome challenges, thereby demonstrating his commitment to innovation and adaptability.