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October 17, 2013

Deal Alert: Travel start-up Mygola raises $1.5 M Series A round led by Helion Ventures

Bangalore-based travel start-up Mygola has raised $1.5 million in a Series A funding round led by Helion Venture Partners with participation from existing investor Blumberg Capital. The firm plans to use funding to expand presence in the US, testing marketing channels and growth. Ashish Gupta of Helion has joined the board of the company.

Mygola helps travelers discover travel itineraries that are customizable and instantly bookable. Travelers can tweak itineraries and Mygola’s patent-pending algorithms take care of the logistical details. The portal has created patent-pending algorithms to convert any blog/article into an itinerary and to find the perfect route for a trip. The platform covers more than 20,000 destinations worldwide. The company had earlier raised $1 million funding from 500Startups and Blumberg Capital.

Source: NextBigWhat.com

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