Skift Take

This week's travel startup funding news, all in one place.

weekly_startup_fundingEach week we create a roundup of travel startups that have received or announced funding that week. The total amount raised this week was $280.6 million.

Here are five company that announced it raised funding this week and see previous roundups here.

>>ibibo Group raised a $250 million venture round from new investors Naspers and Tencent.

ibibo Group is an Indian online travel agency group selling flights, hotels and bus rides and was founded in 2007. The group owns Indian hotel and flight booking site and Indian bus ticketing site The group also has a significant interest in B2B travel aggregator, TravelboutiqueOnline. Goibibo has more than 40,000 hotels bookable on its site and plans to have 100,000 alternative accommodations on the site by next year.

>>JetSmarter raised a $25 million Series C round from the Saudi royal family, an existing investor, bringing the Fort Lauderdale, Florida-based startup’s total funding to $47.8 million.

JetSmarter is a private jet startup with a mobile app connecting travelers to private jets in real-time. It also has a membership program.

>>Immfly raised a $2.6 million seed round from new investor Caixa Capital Risc and this is the Barcelona, Spain-based startup’s first funding round.

Immfly’s mobile app offers in-flight content and e-commerce to travelers through their personal devices.

>>Hepstar raised a $2 million seed round from new investor Amadeus Capital Partners and this is the Cape Town, South Africa’s first funding round.

Founded in 2013, Hepstar helps design travel insurance and sells ancillary products to third-party sites.

>>kimkim raised a $1 million seed round from seven new investors including iAngels, NFX Guild and Baris Gultekin and this is the Palo Alto, California-based startup’s first funding round.

kimkim helps travelers plan and book trips by connecting them to travel experts and was founded in December 2015.


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Tags: funding, vcroundup

Photo credit: Ibibo is an Indian online travel agency selling flights, hotels and bus rides. Ibibo

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