your password has been reset successfully, Please login again.

Accel Leads Pre-Series A Round of Singapore-based Company, Travelstop  

Singapore-based travel company, Travelstop has obtained INR 20.66 Crore in a pre-Series A round, which was carried by VC company, Accel. 
BY BEx Bureau
Jul 19, 2019

The Singapore-based travel company, Travelstop has obtained INR 20.66 Crore in a pre-Series A round, which was carried by VC company, Accel, according to a media report.

Other participants in the funding round include Strive (formerly known as GREE Ventures) and existing investor SeedPlus, the company said in its statement, as reported by the daily news, VC Circle.

As per the transaction, Prashanth Prakash, a partner of Accel India, will join the board of Travelstop.

The present funding round has taken place after almost 10 months when Travelstop had gathered $1.2 million in a seed funding round.

It will use the funds to invest in its technological infrastructure and accelerate the adoption of its services across Asia, Travelstop, operated by White Labs Pte. Ltd. told the daily news.

The companys mission is to redefine business travel, and that its services had been adopted by some of Asias fastest-growing brands, Co-founder and CEO of Accel, Prashant Kirtane told the daily news.

Apart from the investment, Travelstop also proclaimed to have partnered with Indonesia-based travel tech firm, Traveloka. Kirtane said this would allow the two to offer business travellers a comprehensive inventory, according to the cited reports.

Please add your Comment
April 07, 2020
In the previous week, Lido garnered $3 million in Series B round, pegging at $10.5 million ...More
By Jaspreet Kaur
March 13, 2020
Caisse de dépôt et placement du Québec has held additional stakes in Azure Power Global Ltd and henc ...More
By Jaspreet Kaur
March 12, 2020
cKers Finance will employ the funds to expand the commercial solar energy and distributed solar segm ...More
By Jaspreet Kaur
March 04, 2020
The New Delhi-based coffee brand will employ the funds to enhance its business operations, reinforce ...More
By Jaspreet Kaur
February 29, 2020
After the acquisition,Tenax India shall become a subsidiary of Pidilite and Tenax Italy, accordingly ...More
By Jaspreet Kaur
February 28, 2020
MinionLabs essentially gives real-time understanding of energy consumption in electric appliances ...More
By Jaspreet Kaur
February 21, 2020
Accion Venture Lab, the seed-stage investment vertical of Accion International led the funding round ...More
By Jaspreet Kaur
February 15, 2020
The round in the United States- and Bengaluru-based Esper was led by Madrona Venture Group ...More
By Jaspreet Kaur
February 14, 2020
Existing investment companies, Accel and Mayfield India also participated in the funding round of Cl ...More
By Jaspreet Kaur
February 11, 2020
Hempstreet Medicare Pvt. Ltd essentially operates a cannabis research-to-retail venture ...More
By Jaspreet Kaur
February 03, 2020
As part of the deal, Reliance, which is an existing stakeholder in Embibe, has been allotted 8,99,19 ...More
By Jaspreet Kaur
February 03, 2020
In a recent union budget meeting, the government surged expenditure for Digital India Programme by 2 ...More
By Jaspreet Kaur