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Guiddoo, India’s in-destination brand, on Thursday, said it has raised $300,000 in pre-Series A funding by existing investors Pawan Borle and Nirmal Singh and new investors including Manish Prasad, Vineet Varma, Nick Haulkoury, and Abhai S. Rao.
Guiddoo will utilise these funds to support product and technology development through their technology and data unit based in Pune and focus on building pan-India distribution for its tours, activities and holidays products, according to a press release.
Guiddoo offers targeted experiences with content across 15 destinations available to Indian international travellers through institutional partners. This has resulted in Guiddoo seeing a 12 times growth in revenue in the last year and is forecasting another 10 times in sales turnover in the next 12 months, said Vineet Budki, Co-Founder and CEO.
Founded in 2014 by Nidhi Varma, Vineet Budki, Prashant Choudhary and Biswajeet Karmakar, Guiddoo started as a tour guiding app but pivoted last year into an in-destination platform offering tours and activities, dining, shopping and entertainment options for the Indian international traveller.
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