Summary:

  • Founded in 2023 by Anshu Sharma and Chirag Goyal, both former executives at MakeMyTrip, Holiday Tribe is emerging as a key player in the travel-tech space

  • This round was led by was led by Powerhouse Ventures and GSF.

  • The fresh infusion of capital is set to fuel Holiday Tribe’s growth, allowing the brand to enhance its technology infrastructure

Travel-tech startup Holiday Tribe has successfully secured Rs 5.4 crore in its seed funding round, with the backing of prominent investors including Powerhouse Ventures and GSF. Alongside these institutional investors, notable individuals such as Dinesh Agarwal and Dinesh Gulati from India Mart, Murugavel Janakiraman from BharatMatrimony.com, and actor Gaurav Kapur have also participated in the round. The fresh infusion of capital is set to fuel Holiday Tribe’s growth, allowing the brand to enhance its technology infrastructure, strengthen its supply network, and scale its brand-building efforts.

Founded in 2023 by Anshu Sharma and Chirag Goyal, both former executives at MakeMyTrip, Holiday Tribe is emerging as a key player in the travel-tech space. With a focus on personalization, the platform offers customizable holiday experiences across various types of trips, catering to different customer preferences. Whether travellers are looking for family-friendly holidays, romantic getaways for couples and honeymooners, adrenaline-pumping adventures, or the chance to explore offbeat destinations, Holiday Tribe seeks to provide tailored solutions for each traveler’s needs.

Based in Gurugram, the startup’s core value proposition lies in its ability to offer a wide range of highly customizable holiday packages across the globe. Holiday Tribe claims to have a supply network that includes more than 100,000 hotels worldwide, ensuring that travellers have access to a diverse array of accommodations. Additionally, the brand has partnered with over 10 global tourism boards, including those from Mauritius, Dubai, Switzerland, Qatar, Thailand, Singapore, and Australia. These partnerships allow the startup to curate a wide range of experiences, offering flexibility and variety to its customers.

Currently, Holiday Tribe has curated travel experiences for more than 30 global destinations, with an emphasis on customization at every step of the process. This ability to tailor holidays is a key differentiator in a competitive market, enabling the brand to stand out by catering to the specific needs and preferences of its diverse clientele. Whether customers are seasoned travellers or embarking on a once-in-a-lifetime vacation, the startup’s platform ensures that each trip can be moulded to the unique desires of the traveller.

The growth of Holiday Tribe is well-timed, as the travel and tourism sector, particularly outbound tourism from India, is on the rise. According to a FICCI-Nangia knowledge paper, India’s outbound tourism market is expected to grow significantly in the coming years. It is projected to reach $18.81 billion by 2024 and is forecasted to grow at a compound annual growth rate (CAGR) of 11.4% over the decade between 2024 and 2034, eventually reaching $55.38 billion. This increasing demand for international travel is providing fertile ground for companies like Holiday Tribe to flourish.

At the same time, the online travel market in India is also poised for substantial growth. From 2024 to 2029, this market is expected to grow at a CAGR of 10.5%, expanding from $17.24 billion to $28.40 billion. As more travellers turn to online platforms to plan and book their holidays, companies like Holiday Tribe are well-positioned to capitalize on this trend, offering a seamless and tech-driven experience that appeals to modern consumers.

With its robust supply network, extensive range of partnerships, and a focus on customization, Holiday Tribe is in a strong position to capture a share of India’s growing outbound tourism and online travel markets. As the brand continues to innovate and scale its operations, it could become a go-to platform for travellers seeking personalized, hassle-free holiday experiences. Backed by industry veterans and prominent investors, the startup is set to embark on a journey of rapid growth in the fast-evolving travel-tech landscape.