VeLOCITY.travel Secures $7 Million Investment from Angel Investor Raj Shah Ahead of ZIPPY Launch
VELOCITY.travel, a leading provider of AI-powered holiday planning solutions, has secured an angel round funding of $7 million from New York-based investor Raj Shah at a valuation of $10 million pre-money. The company aims to revolutionize the corporate travel and lifestyle management landscape globally with its groundbreaking ZIPPY platform set to launch in April 2025.
Founded in 2013, VELOCITY.travel started as a bootstrap startup, which later became India's first free flight cancellation platform, offering unparalleled flexibility to travelers. Over the years, the company expanded into AI-powered holiday planning, disrupting leisure travel with smart technology solutions. In 2023, VELOCITY.travel launched its flagship product VELOCITY.travel, focusing exclusively on solving the pain points of business travel.
"We're overjoyed about this investment from Raj Shah, which is not just a financial milestone but also a vote of confidence in our mission to redefine corporate travel," said Varun Sarda, CEO of VELOCITY.travel. "We've come a long way since our inception, and with ZIPPY, we're poised to take the industry by storm."
CEOs Vedant Sarda and Varun Sarda shared that the funding will help them double down on creating a product that sets the benchmark for the industry, "Our focus has always been on solving real problems for businesses. VELOCITY.travel simplifies corporate travel with robust workflows, approval mechanisms, and seamless multi-entity functionality. With ZIPPY, we're taking this transformation to the next level, enabling our users to access a single platform for every aspect of their travel and lifestyle needs."
Investor Raj Shah expressed his vision behind backing VELOCITY.travel: "Business travel is a $1.5 trillion industry, ripe for innovation. When I first saw the VELOCITY.travel platform, I was mindblown by its sophistication, ease of use, and problem-solving capabilities. This platform addresses challenges in a way that hasn't been done before, and their potential to scale globally was immediately clear to me."
VELOCITY.travel's ZIPPY platform is set to launch in Q1 2025, marking the company's debut into the concierge market exclusively aimed at frequent fliers, small businesses, and organizations. With ZIPPY, users will have access to a seamless experience for managing travel and lifestyle needs, including booking flights, hotels, and car rentals, venue reservations, lifestyle management, secure event invitations, and personalized travel insights tailored to optimize costs and enhance efficiency.
"With the launch of ZIPPY, we're poised to revolutionize the way corporations manage their employees' lifestyles and provide unparalleled convenience to business travelers worldwide," said Varun Sarda.