Online Ticket Booking Platform Travelyaari Gets $3M Led By Existing Investor GVFL Ltd

Bangalore-headquartered online ticket booking platform Travelyaari which is owned and operated by Mantis Technologies Pvt Ltd, has raised $3 million in a bridge round of funding led by existing investor GVFL Ltd with participation from some other undisclosed investors. The deal got closed in March, as per DealStreetAsia report.

The company will use the money for its expansion and marketing plans. Around five years ago, GVFL had invested in Travelyaari through its SME Technology Venture Fund.

Travelyaari’s backend system, which is used by more than 1,600 operators for their day-to-day operations, supports annual transaction volume of more than Rs 3,000 crore. Apart from providing online ticketing facility, Mantis Technologies, founded by IIM-Ahmedabad graduates Aurvind Lama and Partha Sinha, also provides technology platforms for bus operators for ticket bookings.

Till date, Travelyaari has raised around Rs 20 crore from Bennett & Coleman and Company Ltd, GVFL and IIM Ahmedabad’s incubator, Centre for Innovation Incubation and Entrepreneurship (CIIE). Founded in 2007, Travelyaari started commercial operations in 2008, provides services through its online products like BusCRS, IamGDS, BusTicketBooking API besides Travelyaari. The firm, which has 200 employees, is looking to triple its headcount. As of December 2015, it had a network of more than 2,100 bus service providers with over 1,43,000 bus options per day on 45,000 routes. Travelyaari is also planning to launch cabs and automobile bookings service.

The company competes with the likes of redBus.in, Paytm and Abhibus.com.

GVFL Ltd, earlier Gujarat Venture Finance Ltd, is also plans to raise its eighth fund of Rs 250 crore. It had received market regulator Securities and Exchange Board of India‘s (SEBI) approval for the new fund in December last tear. GVFL has managed seven venture capital funds since its inception in 1990. It has backed 83 technology and growth stage companies, according to its website. Till date, the VC firm had made around 60 exits.

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TravelYaari Claims To Be India's Largest Real Time Bus Tickets Booking Service

Are you a frequent bus traveler but often struggle with getting your tickets and desired seats? Then, this is for you. Travelyaari is an online travel agency which has made travelling by bus an absolutely fun and hazel free ride. The agency prides itself of being the country’s largest real time bus tickets booking service which provides booking at “zero” booking price, which means you will only have to pay your ticket amount and there are no additional charges involved.

The Bangalore based travel agency is a flagship brand of Mantis Technologies Pvt. Ltd, a company which was set up by three industry professionals and IIM Ahmedabad graduates, Prateek Nigam, Aurvind Lama and Parthasarthi Sinha. Travelyaari was a campus startup which was born as a result of numerous hostel and classroom discussions. The main objective behind starting Travelyaari.com was making booking of bus tickets accessible to anyone and everyone at transparent rates and at the same time provide bus travelers with the luxury to choose their own seat in the bus.

Travelyaari began its operations in 2007 and has since then worked very closely on the ground with the bus operators. The online travel agency has helped the bus operators in fully computerizing their booking offices and agency network and this has in return helped Travelyaari in creating a very large pool of 100 percent real time bus tickets inventory all across the country. One thing which makes Travelyaari different from all other online travel agencies is the fact that Travelyaari is not just an ordinary online travel agency but also an enabler of the bus travel industry in India.

The bus travel Industry in India is a very unorganized industry and Travelyaari with its mass computerization of the ground network ensures that its customers get the most possible and accurate real time update about seat availability and price while booking through the online travel agency.

To makes things easier and faster, the online travel agency also has its own Android app. The mobile app provides us with a variety of options like Deluxe, Volvo, Express, and Mercedes Benz etc. to choose from. The app also provides us with the luxury to view booking and cancel tickets from within the app. You can even call the customer care executive from within the app. The app can be downloadedabsolutely free of cost from the Google Play Store.

TravelYaari Claims To Be India's Largest Real Time Bus Tickets Booking Service

Are you a frequent bus traveler but often struggle with getting your tickets and desired seats? Then, this is for you. Travelyaari is an online travel agency which has made travelling by bus an absolutely fun and hazel free ride. The agency prides itself of being the country’s largest real time bus tickets booking service which provides booking at “zero” booking price, which means you will only have to pay your ticket amount and there are no additional charges involved.

The Bangalore based travel agency is a flagship brand of Mantis Technologies Pvt. Ltd, a company which was set up by three industry professionals and IIM Ahmedabad graduates, Prateek Nigam, Aurvind Lama and Parthasarthi Sinha. Travelyaari was a campus startup which was born as a result of numerous hostel and classroom discussions. The main objective behind starting Travelyaari.com was making booking of bus tickets accessible to anyone and everyone at transparent rates and at the same time provide bus travelers with the luxury to choose their own seat in the bus.

Travelyaari began its operations in 2007 and has since then worked very closely on the ground with the bus operators. The online travel agency has helped the bus operators in fully computerizing their booking offices and agency network and this has in return helped Travelyaari in creating a very large pool of 100 percent real time bus tickets inventory all across the country. One thing which makes Travelyaari different from all other online travel agencies is the fact that Travelyaari is not just an ordinary online travel agency but also an enabler of the bus travel industry in India.

The bus travel Industry in India is a very unorganized industry and Travelyaari with its mass computerization of the ground network ensures that its customers get the most possible and accurate real time update about seat availability and price while booking through the online travel agency.

To makes things easier and faster, the online travel agency also has its own Android app. The mobile app provides us with a variety of options like Deluxe, Volvo, Express, and Mercedes Benz etc. to choose from. The app also provides us with the luxury to view booking and cancel tickets from within the app. You can even call the customer care executive from within the app. The app can be downloadedabsolutely free of cost from the Google Play Store.