Business travel is different from standard consumer travel and it has differing requirements. However, due to outdated tools, poor customer service and profit-oriented services, corporate travel can be a daunting experience. But, it doesn’t have to be that way as the Barcelona-based startup TravelPerk has come up with a solution to this problem. The company offers a consumer-grade travel booking experience, which is tailored for businesses and it has now raised €92.3 million in Series C round of funding.
The same investors which participated in the first part of the round announced in October 2018 have again taken part in Series C extension. The investors include Kinnevik, Partners of DST Global, Target Global, Felix Capital, Sunstone, and LocalGlobe.
Avi Meir is the CEO and Co-founder of TravelPerk and he tells us how the company differentiates itself from the competition, what are the major challenges and more.
How TravelPerk stands out from the competition
Corporate travel can turn into a nightmare because of the way traditional corporate travel agents operate. However, Meir says that TravelPerk is different since the company offers the world’s biggest bookable travel inventory that is built for business. It enables reporting, managing, optimising, analysing, invoicing and more, all in one place. In addition, a corporate traveller can select from low-cost airlines, Airbnb, trains, car rental, or virtually anything they would like.