Guiddoo, a one-stop shop for in-destination experiences, has secured capital of $800,000 (6 CR approx.) in the Pre-Series A funding, held in July this year. The funding was led by global investors including Rennie Ratadia (Singapore), Stephen Dmello (Dubai) & Angshuman Sarkar (India). Guiddoo aims to leverage the fresh funding to expand operations, increase destination reach, product portfolio and to further develop its technology platform. It will strengthen its portfolio by adding new destinations under its ‘customised packages’ offering and will beef up teams to manage the increase in operations in the Global and Indian Market.
In terms of the strategy for business growth, the company aims to commence China operations by Feb 2019. Another focus area will be to build a pan India distribution network for the its Tours & Activities & Holidays products.
Vineet Budki, Co-Founder & CEO at Guiddoo said, “From starting afresh after a pivot from the Audio Guide Business Model to garnering 700% YOY revenue growth in the Tours & Activities business, and securing fresh funding from our trusted investors, it has been an incredible journey. It is a reflection of our commitment to make significant contribution to the India Outbound Travel space by delivering innovative product enhancements.
He added, “We are delighted to have secured this significant bridge round of funding. The capital raised will help us expand our footprint, augment our infrastructure and acquire promising talent to implement the blueprint. We are motivated more than ever to build robust products and extend the best services possible to our consumers.”
“We are excited to invest in Guiddoo in their endeavour to bring best-in-class, digital in-destination experiences to travel enthusiasts. We are confident of the team’s potential and are looking forward to the company’s growth story in the near future,” said Stephen DMello who runs successful Investment, Real Estate & Trading businesses in Middle East and Asia.
The Guiddoo app is available on both Android iOS platforms and has a robust web platform for its Travel Agent network. Guiddoo offers its Tours & Activities across 11 international destinations through 4000+ Travel Agents across India and also has institutional partners including Cleartrip & Yatra.
