2 SaaS Startups in the Business Travel Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Business Travel industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 2 VC funded SaaS startups in the Business Travel industry.

Routespring

To make travel for regular business travelers easier, a group of ardent travelers and technology aficionados got together. RouteSpring, Inc. was founded as a result of the aggravating experience of spending more than 15 minutes waiting to engage in productive discussion with a travel agent at a hefty transaction cost. Our platform enables more convenient employee travel booking, excellent reporting and compliance for travel managers, and strong governance for CFOs in a way that is both efficient and affordable. Our goal is to make enterprise-grade travel solutions and premium services available to all small and medium-sized businesses at competitive prices. In managing highly mobile field crews, we are professionals. To ensure that road warriors successfully complete their business objectives and return safely, our internal customer success team is available 24/7 through a variety of means. Our complete solution includes elements like: - Mobile apps for booking flights, hotels, auto rentals, and trains online - Credit cards - Corporate dashboard and reporting; - Automated expense management Policy management, hierarchical approval, and special requirements - 24/7 duty of care Support for dedicated travel

Company details:
Founders:
Hitesh Sharma, Tarun Upaday
Founded:
2020
Based in:
Bethesda, Maryland, United States
Website:
Routespring
Industries:
Business Travel, Field Support, SaaS, Travel Agency
Latest funding:
$1,300,000
Seed
15 July 2021
Total funding:
$2,500,000
Investors
Panamax Capital

Travelstop

Travelstop is a revolutionary platform aimed at modernizing and simplifying business travel. The company makes it easy to manage business trips, automate expense reporting, and provide meaningful insights to business owners. Founded in 2018, Travelstop is headquartered in Singapore.

Company details:
Founders:
Altaf Dhamani, Prashant Kirtane, Vijay Aggarwal
Founded:
2018
Based in:
Singapore, Central Region, Singapore
Website:
Travelstop
Industries:
Business Travel, Enterprise Software, Internet, SaaS, Software, Travel
Latest funding:
$500,000
Seed
13 January 2022
Total funding:
$4,700,000
Investors
Accel, SeedPlus, STRIVE, David Ko, Dan Lynn

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