HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > NewsTrack
NEWSTRACK

GoFro raises Dollar 10m in Series B Funding led by Japanese Travel company, H.I.S. Co.

Tuesday, September 12, 2017, 10:28 Hrs  [IST]
HBI Staff |New Delhi

GoFro, an online holiday marketplace, has raised funding led by Japanese Travel company, H.I.S. Co. Ltd, along with participation from the existing investor, MakeMyTrip, as part of a $10 million plus Series B round. With this investment, GoFro will further strengthen its technology platform, supply and agent network and expand into international markets.

According to GoFro official release, the company is in advance talks with other investors also who want to participate in this round.

Commenting on the funding, Amitabh Misra, Founder and CEO, GoFro , said, “We are delighted to have H.I.S. as our investor. We are excited about this partnership and our journey forward as we launch the GoFro platform in Japan in the coming months. Support of H.I.S., Japan’s leading travel company, and MakeMyTrip, India’s largest online travel company, is a validation of the tremendous potential of GoFro’s marketplace platform. We have received great consumer traction in just a year of operations. We now look forward to H.I.S.’s global reach and experience helping us enhance our global supply network and provide great holiday packages at competitive prices to our customers.”

Speaking on their investment and partnership with GoFro, Akira Hirabayashi, Vice Chairman, H.I.S. Co Ltd said, “GoFro is poised for great success in the high growth holiday travel market in India. The team has created an amazing technology product and we believe it holds the potential to become the next travel-tech revolution. GoFro platform is globally scalable and we look forward to taking this revolution to Japanese market.”

H.I.S. is Japan’s leading travel company with 230 overseas branches in 141 cities across 66 countries, in addition to 233 retail outlets in Japan. GoFro has been empowering travellers in India with a huge inventory of customised and fixed packages for more than 70 destinations across the globe. As the Company expands its footprints to Japan, it will become India’s first travel marketplace to expand its operations in the international market.

 
Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with del.icio.usdel.icio.us Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
 POST A COMMENT
* Name :    
* Email :    
* Message :  
   
 
CoverStory
Analysis
 
  HSIL’s Moonbow brand conferred 'Asia's Most Promising Brands 2017’ award by WCRC
  Philips Lighting adds one more LightLounge with Hue Premium Zone concept in Bengaluru
 
weekly
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar
Hotelier Summit India
Mumbai
June 5-7, 2017

Tourism Investors Meet 2017
FICCI, New Delhi
July 5-6

CII Tamil Nadu Travel Mart
Chennai
July 6-8, 2017

IATO Convention
Mayfair Convention Centre,
Bhubaneswar
September 7-10, 2017

ITB Asia
Marina Bay Sands,
Singapore
October 25-27, 2017

Business and Luxury Travel Mart
Delhi (BLTM)

Gurgaon,
Delhi-NCR
October 26-27, 2017

IDE Expo Summit
October, 2017
Hyderabad

HIFI
JW Marriott Hotel
Mumbai Sahar
Nov 20-21, 2017
Events
 
 
people
interview
newappoint
expert
© Copyright 2016 Saffron Synergies Pvt Ltd
HOME   |   ABOUT US   |   CONTACT US   |   FEEDBACK   |   DISCLAIMER   |   SITE MAP   |   ARCHIVES