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Travel Fintech Sector in India

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About Travel Fintech sector in India

The Travel Fintech sector in India comprises 41 companies, including 16 funded companies having collectively raised $70M in venture capital money and private equity. Out of these, 6 are Series A+ funded.
Travel Fintech sector in India has seen 4 acquisitions. This represents almost 9.8% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.
This sector includes companies that provide fintech solutions for travel-related needs.
Travel Fintech sector is also known as Travel Fintech Solutions, Advanced Travel Fintech or Digital Travel Fintech.
Fintech companies provide international remittance solutions, insurance solutions, payment solutions, loan solutions for travelers are included in this sector. Companies providing travel solutions that are not related to Financial Services are not included in this feed are excluded.
Key Metrics
Total Companies
Top Companies
Total Funding
Funded Companies
Series A+ Companies
Series C+ Companies
Acquisitions
Also known as
Travel Fintech Solutions or Advanced Travel Fintech

Top Travel Fintech Companies in India

There are 41 Travel Fintech startups in India which include EbixCash, Mihuru, Tripmoney, Thomas Cook Borderless Prepaid Card, Vernost. Out of these, 16 startups are funded, with 6 having secured Series A+ funding.
Over the past 10 years, an average of 1 new company has been launched annually. Notably, several of these startups have been founded by alumni of IIM Ahmedabad, IIM Bangalore and IIT Delhi.

Here is the list of top Travel Fintech startups in India

Provider of foreign exchange, remittance, financial technology, and travel agency services. It offers digital payment solutions, money transfer options, and financial exchange services. The company facilitates travel arrangements, payment processing, and technology-based financial solutions. It also focuses on wallet activation and identity verification processes.

Key facts about EbixCash

Provider of point-of-sale financing solutions for travel bookings, allowing customers to book flights and other travel services now and pay later in installments. It is a provider of travel financing solutions that allows users to book flights, hotels, and holiday packages with small upfront payments and EMIs spread over months.

Key facts about Mihuru

Online marketplace for travel loans. It offers a platform connecting borrowers with lenders for travel loans with lifetime limits, cash card loans for cross-border traveling, and more. It also features personalized insurance for users.

Key facts about Tripmoney

  • Founded Year: 2014
  • Location: Gurugram (India)
  • Stage: Funding Raised
  • Tracxn Score: 38/100 What is this?
  • Competitors Rank: 3 of 16 Competitors
Multi-currency prepaid travel card. It allows international travelers to make transactions in various currencies. It is a multi-currency travel card that enables users to make transactions in various currencies without the need for conversion fees. The card is designed to provide a way for travelers to manage their foreign exchange expenses. With the card, users can load multiple currencies and use them for transactions over various merchants worldwide.

Key facts about Thomas Cook Borderless Prepaid Card

  • Founded Year: 2011
  • Location: Mumbai (India)
  • Stage: Unfunded
  • Tracxn Score: 34/100 What is this?
  • Competitors Rank: 1 of 2 Competitors
Provider of technology solutions for loyalty programs, travel, and payments. The company delivers platforms for digital customer engagement across various industries. It offers software with a service for loyalty, travel, and payment solutions. The business provides platforms to design, implement, and manage technology-driven solutions.

Key facts about Vernost

  • Founded Year: 2014
  • Location: Mumbai (India)
  • Stage: Unfunded
  • Tracxn Score: 32/100 What is this?
  • Competitors Rank: 43 of 219 Competitors

Companies founded year-on-year in the Travel Fintech sector in India

5 Travel Fintech startups in India were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.

Companies founded year-on-year in the Travel Fintech sector in India2026202520242023202220212020201920182017Founded Year012345Count of Number of Companies
  • Total Number of Companies
Year
No. of companies
2026
-
2025
-
2024
2
2023
1
2022
2
2021
5
2020
1
2019
1
2018
5
2017
2

Stage-wise distribution of Travel Fintech sector companies in India

Out of the total 41 Travel Fintech companies in India, 16 have secured funding. Among them, 6 have reached Series A or higher, and 5 to Series B or beyond.

Founded - 41
Funded - 16
Series A+ - 6
Series B+ - 5
Series C+ - 5
Company Stage
No. of companies
Founded
41
Funded
16
Series A+
6
Series B+
5
Series C+
5
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Top Investors in Travel Fintech in India

Gautam Kumar is the top investor in Travel Fintech companies in India based on number of companies invested.
Here are some top investors in Travel Fintech companies in India:
See a more detailed list of investors

M&A activity in Travel Fintech sector in India

In the year 2017, till May 2017, 1 acquisition happened in Travel Fintech sector in India. Last year, in 2016, a total of 2 acquisitions happened in Travel Fintech sector in India.
Here are some recent, important acquisitions in Travel Fintech sector in India:
Company
Acquisition Type
Acquisition Date
Acquirers
Business Acquisition
May 24, 2017
Acqui-Hired
Oct 17, 2016
Acqui-Hired
Mar 21, 2016
Business Acquisition
Jun 07, 2013
See a more detailed list of acquisitions

Acquisition trends in Travel Fintech sector in India

Here are the acquisition trends in Travel Fintech sector in India:

Acquisition trends in Travel Fintech sector in India2026202520242023202220212020201920182017Acquisition Round Date (Yearly)01Number of Acquisitions
  • Total Number of Acquisitions
Year
No. of companies
2026
-
2025
-
2024
-
2023
-
2022
-
2021
-
2020
-
2019
-
2018
-
2017
1

Top News in Travel Fintech in India

EbixCash Travel Reports Robust Business GrowthBusiness Wire IndiaJan 04, 2024EbixCash
View all Top News for Travel Fintech companies in India

FAQs about Travel Fintech sector in India

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