In a pre-seed fundraising round, Japan-based Reazon Capital and SGgrow Capital co-led the $550,000 acquisition of travel-tech startup Rimigo. Indian angel investors S Ramadorai, Ravi Nigam, Shashank Deshpande, and Ujjwal Jain also participated in the round.
According to a press statement from Rimigo, the money raised will be utilized to support product development, recruit skilled personnel, and grow its staff of technology and travel specialists.
Sahil Sharma, Shubham Chintalwar, and Aditya Shirole co-founded Rimigo in 2014 with the goal of making international travel easier with AI-driven personalization, curated travel insights, and integrated collaborative tools. With the help of the platform's AI-powered end-to-end vacation planning solution, users only need to choose their destination and preferred activities; it will then create comprehensive itineraries, suggest flights, and select options for lodging, food, and entertainment.
The Bengaluru-based business claims that it tackles important issues that travelers encounter, including intricate procedures, a deluge of information, a lack of personalization, and local knowledge.
According to Rimigo, it will make foreign travel more accessible and pleasurable by fusing collaboration tools, AI-powered advice, and carefully chosen booking possibilities. It intends to develop a novel chance for a customized holiday planning experience with AI advancements.
According to Rimigo, it has already planned more than 120 excursions during its beta phase, with about 50 of those trips already completed. Many users have also referred friends or are arranging their next adventures with us. The planning phase is still ongoing for the remaining 70 visits.
