Tripchamp raises fund to support launch of 'one-stop' corporate travel booking platform - Insights

Tripchamp raises fund to support launch of ‘one-stop’ corporate travel booking platform

Tripchamp logoTripchamp, a one-stop corporate travel booking platform to offer unfettered access to private, public and negotiated air and hotel fares, has announced $2 million in funding from The Bird Group, owners of Amadeus India, a pioneer in providing a global platform to the Indian travel industry by enabling access to travel automation technology. The funding will support the company’s corporate growth, as well as help boost its customer service channels.

Using proprietary technology, Tripchamp finds exactly the right fit for travelers eliminating the need for comparative searches across multiple sites. By offering expanded options, corporate travelers can choose what they want for flights, hotels and cars. As a result, Tripchamp travelers are finding fares that are up to half of what they’d find with other online travel agencies. Tripchamp also learns buyers’ preferences, making the search process more efficient and focused. By conducting a continuous intelligent search based on what a customer says would make a product better (e.g. lower fare, different airline, etc.), Tripchamp delivers results directly to the customer.

Tripchamp is the first of its kind to cater to both sides of the industry – allowing niche sellers who otherwise haven’t been able to participate in an open market have access to a larger pool of potential buyers, including corporations directly and resellers such as travel agents and travel management companies. This innovation and disruption of the $1 trillion business travel industry is gaining the attention of experts in the sector, as evidenced by Tripchamp’s recent awards, including PhocusWrights’s  “People’s Choice Award,” “Austin Company Most Likely to Succeed in Europe in 2016,” semi-finalist in the Oslo 100 Startups, as well as acceptance as a member of the 2016 Virtuoso Incubator class.

“This financing not only validates our capabilities in the travel industry, but it also ensures that Tripchamp can scale its growth and provide the best service and experience possible for our users,” said Alex Greystoke, Tripchamp CEO. “It’s an honor to be seen as one of the leaders bringing change to the travel industry. We think that Tripchamp is truly showing that there is greater value out there for business travelers, in particular.”

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