Trip Tap Toe, a New Delhi-based travel portal has received investment from a local businessman in return for a stake of 26% in the company.
The funding amount is undisclosed but a statement says the investment has been made by R.S Sharma, former chairman and managing director of India’s Oil and Natural Gas Corporation.
The company says it plans to use the funds to build a larger sales team, begin new marketing initiatives and invest in its mobile and web platforms.
Trip Tap Toe recently launched a concierge application which enables the search and planning of travel via a chat service.
The statement also says the company is on track to achieve revenue of between £900,000 and £1 million for 2017.