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Travello Lands $5M Investment Round

PHOCUSWIRE - June 2 - Travello, a travel social network, has raised $5M in a Series A investment round. Travello plans to use the investment to drive further growth and take advantage of the post-pandemic demand from millennials for travel experiences. The platform has 1.2M users and is expanding the online travel agency element of its business.

by Linda Fox
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Travello Acquires Backpacker Deals

PHOCUSWIRE – Nov 6 - Travel social network Travello (founded in 2014) has acquired Backpacker Deals for an undisclosed amount. Travello claims Backpacker Deals is the largest online travel agency (OTA) targeting the youth market in Australia and New Zealand and the deal makes the combined companies the largest experienced-based OTA catering for the youth market. Ryan Hanly, CEO of Travello, says Backpacker Deals brings technology around distressed inventory and dynamic pricing for tours and activities. Dinesh Kaku, the founder of Backpacker Deals joins Travello as head of growth.

by Linda Fox
See full article at PhocusWire