Virtual guide platform QuaQua on Tuesday announced that it has secured $1 Mn funding from Anthill Ventures and other existing investors. This is the first round of institutional investment for the Hyderabad headquartered startup.
The company said that it will use the funds for improving its user experience and build an end-to-end AI and content-driven travel platform. Alongside, it will also use the funds to create content for 125 additional tourist destinations within India through effective storytelling and curating of information.
“The effective use of funds is always critical for an organisation’s sustenance in the long run. Being the first metasearch in the world for attractions, activities, and events, QuaQua’s focus has been to create super-engaging content and revenue generation,” said Sandesh Reddy, the Co-founder and Head of Finance Strategy, QuaQua.
Commenting on the funding, Sailesh Sigatapu, Partner, Anthill Ventures, said, “A content-first travel network is a revolutionary change in the industry. We are confident that QuaQua has the DNA to execute this new paradigm and are excited in partnering with them.”
QuaQua was founded in 2016 by Purav Shah and Sandesh Reddy. It is an end-to-end travel platform and covers every stage of a traveller’s lifecycle. The platform essentially allows travelers to plan their vacations meticulously by offering them persona-based inspirational content in 2D, as well as 360-degree virtual reality content.
Over the years, the company has won many awards including ‘Top 10 AR/VR Start-ups in 2019’, ‘India’s 10 Best Travel Tech Companies.’