Jobs in Singapore and India!
Super happy for the Travelstop team!
Travelstop, a Singapore-based business travel startup, raises US$3 million in Pre-Series A funding led by Accel, with participation from Strive and SeedPlus
Congrats to Travelstop team – awesome stuff.
BUSINESS TRAVEL MANAGEMENT SERVICES FOR SMALL COMPANIES
Money Raised: $1.2 million
Headline Investors: SeedPlus
Skift Take: TravelPerk and TripActions are popularizing cloud-based business travel management in the U.S. and Europe. The startups offer services for high-growth, midsize businesses that are too small to hire full-service travel management agencies but too large to cope with travel booking hassles on their own. Travelstop aims to bring a locally relevant and uniquely sophisticated version of this concept to Southeast Asia. It can cope with local tax issues and preferred payment methods, and it can offer bookings on most regional and budget carriers. CEO Prashant Kirtane previously co-founded Travelmob, a vacation rental booking service that Expedia Group acquired in 2015.
Awesome to see Travelstop there!
Digging all the new features!
Nice Travelstop mention:
There are others that are either hoping to bypass or complement existing services with their own takes on how to improve business travel such as TravelPerk (most recent raise: $44 million), Travelstop (an Asia-focused spin), and TripActions (most recently valued at $1 billion), to name a few. That speaks to an increasingly crowded market of players that are competing against incumbents like SAP, which owns Concur, Hipmunk and a plethora of other older services.
Lola.com raises $37M to take on SAP and others in the world of business travel | TechCrunch
— Read on techcrunch.com/2019/03/26/lola-raises-37m-to-take-on-sap-and-others-in-the-world-of-business-travel/
One such newcomer is Travelstop, a software-as-a-service travel management platform that launched in Singapore in August 2018. While Asia’s travel market is booming, as many as nine in 10 business trips booked in the region are still totally unmanaged, meaning “not bound by preferred suppliers, and tools, formal policies, and compliance,” as Skift recently reported. (By contrast, about seven in 10 trips are unmanaged in the United States.) The few individuals that do undertake managed trips don’t always follow policy, according to a McKinsey survey on Asian business travel habits, which found that about one in three “business travelers do not always strictly adhere to their company policy.” Such situations raise both cost-overrun and risk management concerns for employers and make life more complicated for travelers.