Holiday Tribe Secures INR 5.4 Cr in Seed Funding from Powerhouse Ventures and GSF

Gurgaon-based travel-tech startup Holiday Tribe has raised INR 5.4 crore in a seed funding round led by Powerhouse Ventures and GSF, with participation from prominent investors such as Dinesh Agarwal and Dinesh Gulati of IndiaMART, Murugavel Janakiraman of BharatMatrimony.com, and actor Gaurav Kapur.

Founded in 2023 by ex-MakeMyTrip executives Anshu Sharma and Chirag Goyal, Holiday Tribe stands out with its customizable holiday experiences catering to families, couples, adventure-seekers, and explorers. The startup is well-positioned to tap into the booming travel market with a robust supply network featuring over 100,000 hotels globally and partnerships with more than 10 tourism boards.

The funds raised will bolster the brand’s technology infrastructure, expand its supply chain, and enhance brand-building initiatives. The founders believe 2024 presents significant opportunities, with travel booming and more Indian travellers venturing internationally.

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According to a FICCI-Nangia report, India’s outbound tourism market is expected to reach US$ 18.81 billion in 2024, with a CAGR of 11.4% over the next decade, driven by rising disposable incomes, visa relaxations, and expanding flight options.

Holiday Tribe is set to play a key role in this growing market, offering unique travel experiences while expanding its domestic and international presence.