Egyptian travel-tech company Tripdizer raises US$ 300,000 in SEED round

1 week ago - Wed, 11/6/2019, 10:34 AM

Egyptian travel-tech company Tripdizer raises US$ 300,000 in SEED round
Author: Press Release

Tripdizer, a travel-tech company that enables travelers to plan and book curated trips by learning about their personality and desires, has announced today that the company recently closed its seed round of US$ 300,000. The round was led by 500 Startups, one of the most active venture capital firms in the MENA region, with participation from Innoventures and Jamal El Dabal. With the new round of funding, Tripdizer will accelerate its investment to develop a more dynamic product, expand its regional footprint and strengthen its brand name as one of the most innovative travel startups in the region. 

Founded in 2017, by Ziad El Adawy, Yara Yehia, Sameh Saleh, Hatem Ayoub and Mohamed Mostafa, Tripdizer recognised the difficulty and the time-consuming efforts of travelers in organizing trips and sought to provide an enhanced travel service that allows the customer to book an entire trip in a few simple steps at the touch of a button online. Tripdizer successfully managed to transform into a smart technical solution that aims to help travelers in the MENA region improve their experience by connecting with a well-established team of travel experts offering their expertise and knowledge firsthand. 

Ziad Eladawy, the founder and CEO of tripdizer said: “We are at a crossroads in the region; 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 in the forefront of such 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.” 

“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,” he added.

Commenting on the fundraising announcement, 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.”

Earlier this year, Tripdizer was recognised as the most innovative travel startup in the region, by the United Nations World Tourism Organisation (UNWTO) and the ministry of tourism in Egypt at an event organised for tourism startups in the region

Travel is one of the biggest industries in the world, Specially in the MENA region the travel industry has been growing at a rapid speed, especially online bookings. According to Phocuswright, online bookings will continue to grow by double digits for the next few years, reaching $44.5 billion in 2021. 

The user-friendly simple Tripdizer website, helps the traveler to choose from an array of travel options using the preferred itinerary and book a trip in a few short steps. The team assists every customer as per their preferences and budgets, for flights, accommodation and activities. Tripdizer uses machine learning to generate curated trips for travelers within a few minutes

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