Mumbai-based in-destination travel startup Guiddoo has raised USD 300,000 in Pre-Series A funding from existing investors Pawan Borle and Nirmal Singh as well as new Investors including Manish Prasad, Vineet Varma, Nick Haulkoury, and Abhai S. Rao.
The startup plans to deploy the raised fund into product and technology development as well as building Pan-India Distribution for its tours and holidays products.
Vineet Budki co-founder and CEO of Guidoo said, “Guiddoo has seen a strong 12X growth in the past 1-year post its pivot into the In-Destination Experience Model which is an estimated market of USD 20 bn annually. With further strong growth projected, we believe the required funds will help us become a significant player in the Indian Outbound Traveler segment, where our focus is to provide great new experiences with an assurance of service quality to Indian Outbound Travelers through extensive use of technology and ground relationships.”
Founded in 2014 by Nidhi Varma, Vineet Budki, Prashant Choudhary and Biswajeet Karmakar, Guiddoo started as a tour guiding app but pivoted last year into an In-Destination platform offering Tours and Activities, Dining, Shopping and Entertainment options for the Indian International Traveler.
Guiddoo offers unique and targeted experiences with content across 15 destinations that is available to Indian International Travelers through institutional partners like Cleartrip and Yatra, 2000+ Travel Agent Partners as well as its Web and Mobile Products.
The company has already handled over 10,000+ Customers with 40,000+ activities in the past year across its destinations.
Since it is a selective aggregator that has strong ground control leading to unique and consistent experiences bringing a high level of assurance to a traveler’s trip.