Home News Kunal Shah, Girish Mathrubootham invest in Chennai startup Pickyourtrail

Kunal Shah, Girish Mathrubootham invest in Chennai startup Pickyourtrail

by Dubai Forum
0 comment

Chennai: Chennai-based travel startup Pickyourtrail has raised an ‘undisclosed amount’ from a group of investors including CRED founder Kunal Shah, Freshworks CEO Girish Mathrubootham, GoFrugal Founder and CEO Kumar Vembu.

This is Shah’s first investment in the travel startup. Mathrubootham and other existing investors including Shyam Sekhar of financial consultancy iThought, deployed follow-up capital in the company through this round.

Pickyourtrail had raised its Series A of Rs 21 crore in 2019 from Vembu and other investors, utilizing the funds towards scaling its proprietary technology platform. With the current round, Pickyourtrail is all set to open its office in Dubai.

The funding comes at a time travel companies are noticing a significant pick-up in business, Pickyourtail co-founder Hari Ganapathy told ET. Pickyourtrail expects its March sales numbers to be at least twice its peak monthly sales figure from its pre-COVID quarters, indicating there is a steady pickup in the travel business. Vembu, according to a release, said the funding round follows an effort on the part of Pickyourtrail to build its product and technology stack by utilizing the downtime during the lockdowns.

Discover the stories of your interest

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.



You may also like

Leave a Comment

About Us

Dubai Forum your daily news roundup covering news from Dubai, the United Arab Emirates and the Middle East region in general.

We share news about #people, #travel, #fashion, #startups and #Dubai #communities #DubaiForum