Online travel platform, QuaQua Experiences Pvt. Ltd has lately raised INR 7.5 crore from Anthill Ventures and other existing investment companies, reported VC Circle.
The Hyderabad-based startup will use the funds to upgrade its platform, expand its booking features and create content for additional tourist destinations within India, QuaQua said in its company's official statement.
Sandesh Reddy and Purav Shah established QuaQua in 2016. In 2019, the company was selected along with 14 other startups for Anthill Ventures' 6 month market access programme A-Scale.
The company claims to have a user base of 2.5 million across 100 nations. It also asserts that its customer traction is enhanced due to pandemic.
"While virtual travel is becoming the norm, short trips and staycations will drive demand in the domestic circuit," Shah, CEO at QuaQua, said in an interview with the cited media agency.
"A content-first travel network is a revolutionary change in the industry and it believes that QuaQua has the DNA to execute this new paradigm," Sailesh Sigatapu, Partner at Anthill Ventures, told the cited media agency.
The Indian travel agency is mainly dominated by MakeMyTrip, Yatra and ClearTrip. In the recent time, a handful of travel startups have grabbed the attention of the investors.