{"id":3043,"date":"2017-01-24T17:25:49","date_gmt":"2017-01-24T17:25:49","guid":{"rendered":"https:\/\/www.rsoftsolution.com\/blog\/tripactions-raises-14-6-million-for-corporate-travel-booking.html"},"modified":"2017-01-24T17:25:49","modified_gmt":"2017-01-24T17:25:49","slug":"tripactions-raises-14-6-million-for-corporate-travel-booking","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/tripactions-raises-14-6-million-for-corporate-travel-booking.html","title":{"rendered":"TripActions raises $14.6 million for corporate travel booking"},"content":{"rendered":"


\n<\/p>\n

Corporations could be a lot more efficient with the travel spend, believes booking platform <\/span>TripActions.<\/span><\/a> And they\u2019re announcing $14.6 million in funding from Zeev Ventures and Lightspeed Venture Partners to fulfill that mission.<\/span><\/p>\n

Premised on the idea that people spend more money when it\u2019s the company\u2019s dime, the startup offers employees rewards for staying under a target budget. The \u201cTripBucks\u201d can be used for Amazon gift cards or other merchandise.<\/p>\n

With clients that include SurveyMonkey and eHarmony, the newly launched TripActions, offers a Kayak-like platform for booking flights and hotels. They hope the simplicity of their platform will help them take on incumbents like Concur.<\/p>\n

TripActions is not the first company to offer a reward-based approach to corporate travel spending. Venture-backed startups <\/span>Rocketrip<\/span><\/a> and <\/span>TravelBank<\/span><\/a> are competing in the space as well.<\/span><\/p>\n

What\u2019s different about TripActions, is the \u201cfocus on mobile\u201d and that they have a \u201cton of inventory,\u201d says Ariel Cohen, CEO and co-founder. They\u2019re also \u201cadding a lot of algorithms on personalization.\u201d<\/p>\n

Arif Janmohamed, partner at Lightspeed, said he liked the idea because \u201cmost people aren\u2019t really happy with the experience\u201d on traditional corporate booking platforms. He felt that TripActions had more \u201cinstant gratification and instant transparency\u201d than the competition, because it is readily apparent what the savings will be.<\/p>\n

The platform is free to use, TripActions just charges companies a booking fee. Some of the others charge clients to use the platform with recurring payments.<\/p>\n

\u201c<\/span>What attracted me was the opportunity to disrupt an industry full of outdated options and provide travelers choice and a modern experience while adding value to their company,\u201d said Oren Zeev of Zeev Ventures about why he invested. \u201cIt brings choice to travelers and gives them a reason to save money.\u201d<\/span><\/p>\n

Menlo Park-based TripActions launched in 2015, but was previously in \u201cstealth mode.\u201d <\/span><\/p>\n

<\/p>\n

Featured Image: Shutterstock<\/a><\/small><\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/jaQkVliMtrI\/<\/p>","protected":false},"excerpt":{"rendered":"

Corporations could be a lot more efficient with the travel spend, believes booking platform TripActions. And they\u2019re announcing $14.6 million in funding from Zeev Ventures and Lightspeed Venture Partners to <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-3043","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t