TechInAfrica – An Egyptian travel startup, Tripdizer, has announced that it has raised $300,000 in seed funding led by 500 Startups (500 Falcons). The announcement also mentioned that the round was also joined by Innoventures and an angel investor, Jamal El Dabal.
Tripdizer was founded by Ziad El Adawy, Yara Yehia, Sameh Saleh, Hatem Ayoub, and Mohammed Mostafa in 2017. It allows travelers in Egypt to plan and book international trips using their preferences such as budget, purpose, and activities they are interested in. Users are encouraged to submit such information and then, Tripdizer will provide flight and accommodation options that they can choose instantly from the Tripdizer’s website.
“The Middle East is the fastest-growing outbound travel market in the world and we are seeing a high rate of internet and technology adoption. It is expected that over the next 2 years that 50% of the travel bookings will be made online and we want to be at the forefront of such a wave in the region. There has never been a better time for a solution like Tripdizer, not only because it fills a gap in the travel ecosystem but also because the demand is growing for online travel booking services,” said Ziad El Adawy, the Founder and CEO of Tripdizer.
He added, “We have experienced a tremendous increase in demand for personalized trips in recent years and we are proud that we are well-positioned to meet this ever-growing demand for unique and innovative travel experience and itineraries. We would like to thank our investors in believing in our team and our efforts to establish as the leader in the travel tech industry.”
Commenting on the funding, Sharif El-Badawi, Managing Partner at 500 Startups MENA said, “In the MENA region, there has been significant growth in online travel market, as tech-savvy consumers are now looking for an overall travel booking experience where they want to plan and book their accommodation, tickets, tours/activities all on one common platform. In such a market, Tripdizer is strategically positioned to change complicated and intricate travel plans into an exciting, comfortable and memorable travel experience.”
“Since its inception, Tripdizer has been growing steadily at 30% month-on-month, successfully increasing the customer base to thousands of travelers. We are pleased to have led this funding round and look forward to working closely with this remarkable team as they advance to the forefront of the travel industry.”
According to the travel startup, it will use the investment for the development of its product as well as for its regional expansion plan.