BigBreaks in talks to raise Rs 20 cr for expansion

Team Udayavani, Mar 21, 2018, 2:50 PM IST

New Delhi: Online travel startup BigBreaks today said it in talks with various investors to raise about Rs 20 crore to fuel its expansion plans in new geographies.

The funds will be utilised for further technology enhancements, expansion into newer geographies and product diversification, BigBreaks said in a statement.

The company, however, did not name the investors it is banking upon.

“We are in talks and hopeful for new investment and growth. We are continuously looking to join hands with those who can help us provide more comprehensive services, and better value for money to our customers,” BigBreaks.com chairman and MD Kapil Goswamy said.

Launched in 2016, the startup offers domestic and international flights and access to over 5 lakh hotels and car rentals in over 43,000 locations.

The company, which has achieved a turnover of Rs 40 crore so far, said it is targeting to treble its revenues to Rs 120 crore by 2019.