Travel technology startup Guiddoo has managed to raise over $800,000 (approx. Rs 6 crore) after hosting a Pre-Series A funding earlier this year. With this much capital, Guiddoo plans to increase its product portfolio and destination reach as it also looks to expand its operations to China during the first quarter of 2019.
Guiddoo will be commencing China operations by Feb 2019 and also strengthen its portfolio by adding new destinations under its ‘customised packages’ offering. Having founded in 2013, Guiddoo offered tourists Guided Tours and Activities, Dining, Entertainment and Shopping. Indian travellers especially got to benefit from curates special packages which are unique to the Indian travellers and are different from the global products in experience.
Speaking about their latest achievement, Guiddoo Co-founder and CEO, Vineet Budki 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. 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”.
Investor and Real Estate trader, Stephen DMello also commented by saying “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”.
The Guiddoo app is available on both Android and iOS platforms and offers Tours & Activities across 11 international destinations through 4000+ Travel Agents across India. It has partnered with Cleartrip & Yatra as its institutional partners in India and abroad.