Holiday Planning Startup WeAreHolidays Raises Series A Funding From Matrix Partners & Existing Investors

Holiday Planning Startup WeAreHolidays Raises Series A Funding From Matrix Partners & Existing Investors

Holiday Planning Startup WeAreHolidays Raises Series A Funding From Matrix Partners & Existing Investors

NCR based holiday planning startup WeAreHolidays has raised a new round of funding led by Matrix Partners and its existing investors Blume and GSF Superangel Investors. MakeMyTrip’s co-founder Sachin Bhatia is also an investor in WeAreHolidays.

The startup was launched in 2011 by 3 ex-MakeMyTrip employees, Deepak Wadhwa, Harkirat Singh, and Mohit Piplani and had raised undisclosed amount in angel funding from Blume Ventures, Mumbai Angels, Sachin Bhatia and GSF India last year.

WeAreHolidays offers users holiday packages that can be booked and customized online.

The new round of funding will be used by the startup to grow its business and deepen its technology and analytics expertise. Currently it growing at 30% MoM.

Indians travelling overseas for leisure alone is a $5-7 Bn market which is growing 40% annually. Out of this, 10% comprise customized holidays – a segment which is growing much faster than other segments. “We believe there is a huge opportunity to leverage technology to re-define the experience of leisure travellers,” Deepak Wadhwa, CEO, WeAreHolidays.

The outbound opportunity from India is significant, especially in the Hotels and Packages segment. The number of Indians travelling overseas is set to rise from 17 Mn to around 50 Mn by 2020, thus room for number of startups to crack this space.

In past few weeks, there has been a lot of funding announcements in regards to this space including – mobile marketplace connecting travelers and locals, SeekSherpa raising seed round of funding from group of angels associated with earlystage accelerator VentureNursery and online marketplace Travel Triangle, that connects agents with best deals as per the customers travel needs, raised INR 10 Cr in a new funding round from Saif Partners.

You have reached your limit of free stories

want to read the full story?

Unlock This Story & Enjoy All Members-Only Benefits With Inc42 Plus.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?

Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Holiday Planning Startup WeAreHolidays Raises Series A Funding From Matrix Partners & Existing Investors-Inc42 Media

How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Holiday Planning Startup WeAreHolidays Raises Series A Funding From Matrix Partners & Existing Investors-Inc42 Media

Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Holiday Planning Startup WeAreHolidays Raises Series A Funding From Matrix Partners & Existing Investors-Inc42 Media

Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Holiday Planning Startup WeAreHolidays Raises Series A Funding From Matrix Partners & Existing Investors-Inc42 Media
Holiday Planning Startup WeAreHolidays Raises Series A Funding From Matrix Partners & Existing Investors-Inc42 Media

You’re in Good company