Although going on a holiday might sound like a great idea, but planning it can sometimes become an arduous task. Some might want to go for short trips with an affordable budget, or some might want to take their entire family along. But how can one decide which place is apt for holidaying?
Now you can create your own holiday plan, choose your own destination, hotel type, transportation and more with iTraveller without any hassle.
What is iTraveller?
An innovatively designed travel marketplace launched in order to make the holiday planning smarter and easier. The venture aims to become the world’s largest tech-enabled platform for all the holiday goers who can not only discover new places, but can also plan and book their holiday packages with clarity and ease. iTraveller bridges the gap between the destination suppliers and the end users via their wholly automated platform by eliminating other intermediaries and offering its users with the best holiday packages at affordable prices. Their idea is to instill the trend of discovering places and planning holidays with amongst various travelers and native wholesale suppliers throughout the world.
iTraveller works on an impeccably integrated module that allows them to manage the interaction between the destination suppliers and the end users. The founders at iTraveller believe in working around the philosophy of extreme personalization of the entire travel experience with the use of modern technologies. iTraveller’s technology platform is hosted on cloud, with the Destination Partners being smoothly integrated with the venture in order to provide glitch-free services to its users without falsely promising its users while booking holidays. On the other hand, the users on iTraveller can discover the best holiday prices with the help of the native wholesale suppliers who’re the owners of the inventories. Until date, iTraveller has about 300,000 trips generated by its users, wherein there are about 35 travel destinations listed from all across the globe, and about 110 native wholesale suppliers all over. Making it more convenient is its level of automation that helps in the supply chain of holidays, wherein the users can not only plan and book their holidays, but can also book their travel tickets and hotel rooms.
Talking about the functioning of the Destination Partners, they are assigned in each location to guide the traveler. These DPs are chosen based on their knowledge about the place. These operators function according to iTraveller’s platform that keeps a track of the quality and the process. What makes it easier for the native suppliers is the iTraveller’s platform which they use to coordinate. The platform automates the native suppliers at the back end whereby the iTraveller users can easily book their holidays with the help of real time inventory data. Apart from just this, the users can also discover the best prices with the help of the back end automation.
iTraveller’s revenue model is based on the profit sharing aspect. However, the company is looking forward to enhance its product and consolidating services of lead generation, branding and technology platform. The major revenue generating clients of iTraveller are tour operators and the travel agents, who use the platform based on the pay-per-usage subscription, based technology platform, and therefore pay on their monthly usage. The venture currently has 5 major monetizable modules that help the tour operators at various stages; leads, reservations, sales, client experiences and planning. Their monthly charges range between Rs. 2,000 to Rs. 1,20,000 based on the number of transactions.
iTraveller has successfully achieved its traction by catering to an average of 200 users and generating about 50 lakhs of revenue. However, the company further aims to achieve annual sales of about Rs. 4 crores. Recently, in a ceremony at the Startup Village, the company was awarded as one of the most promising startups by Kris Gopalakrishnan.
Who are the minds behind the launch of iTraveller?
iTraveller was founded in 2012 by the trio- Shiju Radhakrishnan, Prashant Varghese and Chitra Parija.
After a decade long of professional experience in consulting, technology and manufacturing, Shiju Radhakrishnan quit his job to launch iTraveller. Shiju is an Engineer from Mahatma Gandhi University, and an MBA graduate from SP Jain Institute of Management and Research, Mumbai. He is the CEO of iTraveller and has previously worked with on the ERP and automaton platforms such as the Oracle Supply Chain. Furthermore, Shiju has worked with organizations like Ashok Leyland, Cognizant, Wipro and the like.
Chitra who is the Co-founder of iTraveller is a graduate in Commerce from Anna University, Chennai. Her expertise at iTraveller includes handling the clients on board, ensuring that there is seamless coordination and managing operations support within the team. Holding an experience of 7 years, Chitra has earlier worked with ICICI Bank and Bharat Matrimony. Chitra is the Chief Operations Officer at iTraveller.
Nishant Kumar, who is also the Co-founder of iTraveller, is the man behind the complete back end platform of iTraveller. He holds an Engineering degree from Kannur University, Kerala, and is into coding. He is the Chief Technical Architect at iTraveller.
Other advisers of the company include; Himmat Anand, Sijo Kuruvilla, Nishant Verman and Sanjay Jain.
Being one of the first few companies to get incubated at the startup village, Cochin, iTraveller raised about Rs.35 lakhs at the time of its launch. The company has also raised a funding amount of $1 million via the ah! Ventures’ investment network, CLUB ah! Other investors of iTraveller include Mantra Ventures, LetsVenture, Antony Arun Davis, Kerala Financial Corporation and Priyesh Raghavan.