Middle Eastern OTA HolidaymeReceives US$16mil in funding round led by Gobi Partners and announces merger with Malaysian based OTA Tripfez.
Having met its strategic growth goals for the year, the travel startup is gearing up for more growth in 2018.
The Muslim market is the largest in the travel industry
Malaysian online travel agency and hotel review platform Tripfez, which is focused on halal travel and stay experiences for Muslims, has raised US$750,000 in a seed round led by Gobi Partners and Intres Capital, the latter through the Axiata Digital Innovation Fund (ADIF) it manages.
ADIF, the largest corporate VC fund in Malaysia, has announced its first batch of investments, pumping US$2.9mil into six Malaysian startups.