TripFactory, co-founded by Varun Gupta, Vinay Gupta, and Amit Aggarwal, is a leading travel technology company known for its end-to-end online travel solutions. The company offers customizable travel packages, dynamic pricing, and AI-driven itinerary planning tools that cater to both individual and corporate travelers. With a strong presence in India and growing expansion into the Middle East, TripFactory is focused on providing seamless, personalized, and innovative travel experiences backed by robust technology and strategic partnerships.
| Metric | Detail |
|---|---|
| Founding Year | 2013 |
| Revenue FY22 | ₹120 Cr |
| Revenue FY23 | ₹200 Cr |
| Revenue FY24 | ₹260 Cr (proj.) |
| Total Employees FY23 | ~600 |
| Round | Date | Amount Raised | Valuation | Investors |
|---|---|---|---|---|
| Series B | Apr 2016 | $10 million | ~$100 million | Aarin Capital, angel investors |
| Series A | Jan 2014 | $5 million | — | Aarin Capital, Blume Ventures |
TripFactory has demonstrated robust growth, increasing revenue from ₹120 Cr in FY22 to ₹200 Cr in FY23 and projected to ₹260 Cr in FY24. While it continues to operate at a net loss, these losses have been reducing due to operational efficiencies and higher booking volumes. This strong momentum underscores TripFactory’s scalable and tech-driven model in the travel sector.
The expense ratio improved significantly from 95% in FY22 to an expected 80% in FY24, reflecting better cost management and improved operational leverage. This progress indicates the company’s commitment to moving closer to profitability.
TripFactory’s employee base grew from approximately 500 in FY22 to around 600 in FY23 and is expected to reach 700 by FY24. This growth supports its expansion into new markets and ongoing investment in technology and customer support functions.
TripFactory recently partnered with leading airlines and hotel chains to offer exclusive deals. Additionally, the launch of its AI travel assistant has positioned it as an innovator in tech-enabled travel customization.
| Metric | Detail |
|---|---|
| Revenue Growth | ₹120 Cr → ₹200 Cr → ₹260 Cr (projected) |
| Profitability | Losses narrowing, moving towards breakeven |
| Employee Growth | ~500 → ~600 → ~700 (expanding team) |
| Market Expansion | Middle East entry, stronger B2B focus |
TripFactory’s consistent revenue growth, improving operational margins, and technology-led travel services highlight its strong market potential. As it continues to expand globally and enhance its AI capabilities, it positions itself as a dynamic player in the online travel segment. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
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