What is VNTRIP?
VNTRIP is a comprehensive travel and business solutions platform designed for Vietnamese clients, aiming to deliver optimal experiences at competitive costs. The platform boasts an extensive inventory of over 12,000 domestic and more than 1 million international hotels. Serving a clientele of over 1,500 corporate entities across diverse industries, VNTRIP's proprietary Travel Management System (TMS) offers a centralized solution for streamlining approval processes, managing flight and hotel bookings, and simplifying expense reporting. This integrated approach significantly reduces operational processing times and associated costs, positioning VNTRIP as a key player in Vietnam's digital transformation of corporate travel management.
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
FengHe Fund Management
FengHe Fund Management is an investment firm that has participated in VNTRIP's Series A funding. Their involvement suggests a focus on early-stage growth companies within the technology and services sectors.
Hendale Capital
Hendale Capital, a provider of Outsourced CIO services and Growth Venture Capital, led VNTRIP's Series B financing. Their specialization in bridging into the Asian market and focus on innovation indicates a strategic interest in scaling technology platforms within the region.
What's next for VNTRIP?
The substantial enterprise-level funding, particularly the recent major strategic investment, signals VNTRIP's readiness for accelerated growth and market expansion. This capital infusion is expected to fuel further development of its TMS capabilities, enhance its technological infrastructure, and broaden its service offerings to cater to an increasing number of corporate clients. Strategic partnerships and continued innovation will likely be pivotal as VNTRIP solidifies its position as a leader in the Vietnamese travel and business solutions market.
See full VNTRIP company page
