In early 2015, an initial seed of $2.4 million from Great Oaks VC, Baroda Ventures and leading angels helped the development and establishment of what is now known as TRAVO.
TRAVO is a platform used to streamline the reservation process for the unmanaged business traveller. This platform determines the best airfare, lodging and transportation options, then combines them into a perfectly timed itinerary. It saves the travellers a lot of time spent in booking a business trip -- from hours to minutes.
This platform is absolutely free to use and is available globally in the English language. It also supports all currencies.
With the mission to make business travel planning simple, fast and cost effective, TRAVO's platform works in two simple steps:
1. Business travellers enter the date/time they need to be at their meeting or event and how long they plan on staying.
2. TRAVO scans over 800,000 hotels, flights, and ground transportation options (everything from Uber to the commuter rail) and millions of potential itinerary combinations to presents the user with a completely planned itinerary with the option to customize every aspect.
TRAVO was founded by Tae Lee. He also serves as the CEO. Having worked at many fast growing technology startups, he discovered that many small companies did not need large-scale corporate travel management solutions. However, they did need a better solution for planning travel as most were forced to use online travel agencies geared more toward leisure travel. While current leisure travel tools met the basic requirements, the needs and priorities of a business traveller are completely different and Tae saw businesses 'making current options work.'
Although it is fairly new, TRAVO is said to be shooting for the moon.
When asked where the compa will be three years from now, TRAVO and its investors said:
'[We] are shooting for the moon in what is arguably the largest and most competitive industry. So, in three years the company will either be out of business or one of the most successful startups in travel. The founders are obviously betting on the latter, but it won't be easy. The biggest challenge with any travel startup is customer acquisition and how much spending is needed to acquire that customer. The other challenge comes after you've successfully acquired a customer to try your product - how you're going to change user behavior?'
Information obtained from Carly Martinetti/PR Manager for PressFriendly
This article is copyrighted by Travelers Today, the travel news leader
