Travel Junkie Solutions Pvt. Ltd.
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Travel Junkie Solutions Pvt. Ltd. - overview
Established
2015
Location
Mumbai, -, India
Primary Industry
Internet
About
Travel Junkie Solutions Pvt. Ltd. is a digital solutions provider specializing in enhancing online presence and simplifying website management for businesses, catering to various industries with tailored services. Founded in 2015 and headquartered in Mumbai, India, Travel Junkie Solutions Pvt.
Ltd. focuses on offering digital solutions for businesses. The company was founded by Mithilesh Said, who has a background in technology and entrepreneurship. In October 2018, Thomas Cook India Limited acquired a minority stake in the company, as part of their strategic investment initiatives.
This deal marked the company's evolution towards establishing a stronger market presence. The company has successfully raised a total of INR 57. 100 mn, which corresponds to its latest funding round in 2018, representing its total amount raised and current valuation of INR 178. 858 mn.
Travel Junkie Solutions Pvt. Ltd. specializes in providing robust digital solutions aimed at enhancing online presence and simplifying website management for businesses of all sizes. Their core product offerings encompass web hosting services, domain registration, and website-building tools designed for small to medium-sized enterprises (SMEs).
The company's products cater to a diverse clientele, including entrepreneurs and established businesses, particularly in the North American and European markets. Their offerings have evolved over the past decade, incorporating advanced features such as enhanced security protocols and customer support solutions to meet the dynamic needs of their users. In 2021, Travel Junkie Solutions Pvt. Ltd.
reported a revenue of INR 4,926. 7 mn and an EBITDA of INR -26. 1 mn. The company's revenue model is primarily based on subscription services for hosting, domain registration, and related tools.
Customers select hosting plans that fit their business requirements and complete purchases through the company's online platform. This model provides direct access to various pricing tiers based on storage capacity and website performance enhancements, alongside additional services like website security enhancements and marketing tools. Travel Junkie Solutions Pvt. Ltd.
is focused on expanding its product line, with plans to launch several new digital tools aimed at enhancing user interaction and functionality by the end of 2023. The company is also targeting expansion into additional markets in Asia and Europe, aiming to establish a stronger foothold by 2025. Recent funding will be strategically utilized to support these initiatives, enhancing product development and market entry efforts.
Current Investors
Fairbridge, Thomas Cook India Limited
Primary Industry
Internet
Sub Industries
Social Networking & Communication Platform, Conferencing Software
Website
www.ithaka.travel
Verticals
Mobile Apps
Total Amount Raised
Subscriber access only
Travel Junkie Solutions Pvt. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Travel Junkie Solutions Pvt. Ltd. | - |
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