What is VNTRIP?
VNTRIP operates as a comprehensive travel management system (TMS) designed to address the multifaceted needs of modern enterprises. The platform integrates hotel booking, flight procurement, and expense reporting into a centralized, automated interface. By serving over 1,500 corporate clients and providing access to a vast inventory of over 12,000 domestic and 1 million international hotels, the company effectively bridges the gap between traditional travel agency services and modern digital transformation requirements. Its core value proposition lies in the reduction of administrative overhead and the optimization of travel-related expenditures for businesses operating within Vietnam.
How much funding has VNTRIP raised?
VNTRIP has raised a total of $13M across 2 funding rounds:
Series A
$3M
Series B
$10M
Series A (2016): $3M with participation from FengHe Fund Management
Series B (2017): $10M led by Hendale Capital
Key Investors in VNTRIP
Hendale Capital
Hendale Capital is a multi-asset management and growth venture capital firm that provides specialized investment solutions for companies seeking to bridge into the Asian market.
FengHe Fund Management
FengHe Fund Management is an investment firm focused on identifying high-growth opportunities and providing strategic capital to companies within the Asian technology and services landscape.
What's next for VNTRIP?
With the capital secured through its latest financing rounds, VNTRIP is well-positioned to deepen its penetration into the corporate travel sector. The strategic focus will likely shift toward enhancing the platform's algorithmic efficiency and expanding its suite of automated expense management tools. As the Vietnamese digital economy continues to mature, VNTRIP's ability to provide a seamless, end-to-end travel solution will be pivotal in maintaining its market leadership. Future growth will likely involve scaling its TMS infrastructure to accommodate larger enterprise clients and potentially exploring regional expansion opportunities to leverage its existing technological framework.
See full VNTRIP company page
