Rimigo is an online trip-planning platform offering travel tech startup that has secured 550k USD from Japanese-based Reazon Capital and SGgrow in its pre-seed round. The round was also joined by Indian angel investors such as Ravi Nigam, Shashank Deshpande, Ujjwal Jain, and S Ramadorai. The company plans to use these fresh proceeds to expand its operations, build its team, recruit additional staff, and speed up product development.

The company will utilize part of this investment to upgrade its platform to provide a seamless user interface. Rimigo is an online platform that streamlines international travel by applying artificial intelligence-powered personalization and integrated collaboration tools. The startup provides features like end-to-end vacation planning solutions. The platform uses artificial intelligence to provide customized planning based on the user’s destination and vacation preferences. 

The Bengaluru-based startup claims to address key challenges like limited personalization, complex processes, and local expertise. The new fund will enable the startup to expand its technological team. The platform takes user input of their preference and generates a detailed guide, flight recommendations, accommodation, dining, and other activities. Rimigo also allows users to search transportation services through information on destinations and dates.

The company has been unfunded; this pre-seed funding is the first funding round of the firm since its inception. Rimigo plans to combine artificial intelligence-based guidance and curated booking options for more enjoyable and accessible international travel. The company believes that advancements in AI will help them develop more unique opportunities for personalized vacation planning. The startup has organized over 120 vacations, and 50 of which have been completed, with 70 still in the planning stage. 

The company aims to use some of this fund to improve its platform and expand its services while developing its market presence. The Bengaluru-based travel tech platform intends to use this amount to fuel its product development and improve its services. The development came just after the travel tech sector saw increased investor interest. This investment shows investors’ trust in Rimigo’s market potential and business model. Rimigo faces competition from other travel-tech platforms such as Travefy, Eddy Travels, and Key Concierge. 

Conclusion:

Rimigo is a Bengaluru-based travel tech startup that offers an international trip-planning platform. The startup raised fresh capital of 550,000 USD from the Japanese-based firm Reazon Capital and SGgrow Capital. The funding round saw the participation from angel investors such as Ravi Nigam, S Ramadorai, Ujjwal Jain, and Shashank Deshpande. Rimigo competes with other startups in the same market segment, such as Travefy.

The company plans to use this amount to hire more talent, expand its services, scale its operations, and improve its online platform. The development came just after the travel tech industry saw increased public interest. The travel tech firm provides personalized information regarding accommodations, flights, trains, activities, and related services. The startup plans to strengthen its position in the travel tech market segment.