Travel agents

Trip planning platform Triphobo celebrates moving into profitability

Posted by Lee Hayhurst on
Trip planning platform Triphobo celebrates moving into profitability

Trip planning platform TripHobo has announced a “significant rise in business” has seen it move into profitability.

The India and Palo Alto-based firm says it “has been operationally cash flow positive for the last three months”.

Marking the milestone, it added it has seen a “significant rise in business and we now have a sustainable business model in place”.

Future growth will come from further investment in achieving scale through further investment in its artificial intelligence recommendation platform.

Rushali Ramteke, internet marketing manager, said: “The journey has been full of interesting challenges, but we have remained committed to our mission.

“We continue to improve our understanding of latent unfulfilled needs of an online travel planning user and address them through TripHobo.

“We have seen the online travel space facing significant headwinds in the last few years. On the other hand significant latent user needs connected to planning vacations remained unresolved.

“There have been bits and pieces of solutions in the past that have in a fragmented way addressed these needs.

“However, TripHobo is the first platform to overcome these headwinds and has in a significant way managed to add value to our user’s vacation planning experience.

“The journey from now on is to invest significantly in our AI powered recommendation engine and continue to scale our platform in a sustainable way.”

Ramteke added: “We at TripHobo take this opportunity to thank all our supporters, users, employees and all other stakeholders who have been a part of this exciting journey.

“The battle continues and we have a long way to go, but for now we will be celebrating this milestone.”

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