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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.

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