Dubai-based business travel platform Tumodo has announced raising $35 million in a pre-Seed round co-led by MENA-focused angel investors.
The startup, founded in 2023, said it will use the fresh funds to bolster its presence in the UAE market, further product development, and new partnership opportunities in the MENA market.
Tumodo is an online business travel platform (B2B travel platform) that combines data science, modern, user-friendly design, and world-class service to bring businesses and their employees the best experience in business travel.
The company’s intuitive platform makes booking a business trip a matter of minutes, saving businesses an average of 35% on their travel expenses.
According to the Global Business Travel Association, the worldwide business travel market reached $933 billion in 2022 and is expected to reach $1.4 trillion pre-pandemic levels by 2024.
Moreover, the MENA’s business travel market is recovering the fastest and, in 2022, has already hit 86% of its 2019 levels.
By staying ahead of the trend, Tumodo makes it easy for businesses to book flights and hotels for several hundred employees within just 2 minutes. Unlike competitors, the Tumodo platform has no hidden fees for users, allowing businesses to manage expenses and increase the transparency of operations.
Moreover, the company is currently developing an AI feature that will simplify the process of trip organization. Tumodo’s technology can be integrated into companies’ HR systems, making it easier to manage internal processes.
“Tumodo is the future of business travel,” said Stan Klyuy, Chief Commercial Officer of Tumodo.
He added: “It is important for us to contribute to the MENA business travel market and make its recovery not only one of the fastest in the world but also to make this market the most technologically advanced.” – AsiaTechDesk.com