Rocketrip, Inc.

Rocketrip, Inc. is an innovative travel management platform that helps companies save on business travel expenses by rewarding employees for spending less. It combines technology with cost-saving strategies to enhance travel efficiency. Rocketrip, Inc.

was founded in 2013 and is headquartered in New York, US. The company operates as a standalone entity and does not have any reported parent companies or subsidiaries. In September 2020, Mondee, Inc. acquired Rocketrip, Inc.

, although financial terms of the deal were not disclosed. The company's founder has a history of entrepreneurship, contributing to its strategic direction and vision. Rocketrip has successfully completed 7 deals to date, with the latest funding round being a Series C, where they raised USD 15. 00 mn led by GV, along with investments from Bessemer Venture Partners and Canaan Partners.

The total amount raised by Rocketrip to date stands at USD 15. 00 mn. Rocketrip, Inc. offers a travel management solution that incentivizes employees to save on travel expenses through a rewards system.

The platform allows companies to set travel budgets while providing employees with the autonomy to make cost-effective travel decisions. It integrates with various travel services to provide users with a seamless booking experience, ultimately helping businesses reduce travel costs while enhancing employee satisfaction. Rocketrip's services are designed to cater to a broad range of corporate clients, promoting efficiency and personalized travel planning. Rocketrip generates revenue through its platform by implementing a transaction-based model, which may include subscription fees and partnerships with corporate clients.

The company earns commissions on the savings achieved through its platform, incentivizing users to engage in cost-saving travel practices. This model emphasizes both user engagement and revenue generation, aligning the interests of employees and employers in managing travel expenses effectively. Going forward, Rocketrip, Inc. plans to leverage its recent acquisition by Mondee, Inc.

to enhance its product offerings and expand into new geographical markets. The company is exploring opportunities to introduce new features and services aimed at improving user experience and integration with existing travel systems. With the funding raised in its most recent Series C round, Rocketrip is expected to enhance its technology platform and potentially expand its reach into European and Asian markets by late 2021. The acquisition by Mondee provides additional resources and strategic support to facilitate these growth initiatives.