MyGola.com, an online travel planner has raised Series A funding of US$1.5 million from Helion Venture Partners, one of India's largest funds and investor. Existing investor Blumberg Capital also participated in the round. Helion Venture Partners, is also invested in MakeMyTrip and Redbus earlier.
This series of funding brings the total capital raised by MyGola to US$2.6 million so far. Earlier in 2011 MyGola has raised $1 million in seed funding from Dave McClure of 500 Startups, Blumberg Capital, and several other angel investors.
Along with funding Ashish Gupta, co-founder of Helion & also Junglee.com (now amazon) has joined the board of MyGola.com.
Announcing the funding, Co-founder & CEO of MyGola.com Anshuman Bapna said - "Now travel is a tough segment. And travel planning is even worse. It is a fundamentally hard technical problem and often the rewards accrue only to those who manage to be close to the transaction. As a team, we’ve lived, breathed, ate and dreamt travel planning for over three years now. We threw out our first iteration and now after months of staying under wraps, we now have a product that I think is a technical and design tour-de-force."
Ansuman claims on his blog that MyGola let travelers do in 15 minutes what typically takes 6 weeks and MyGola create custom trips in 15 minutes from your chosen itinerary and tweak. MyGola also let its user book hotels and flights in the plan that users create.
Started in 2010, MyGola is based out of Bangalore with offices in US as well and claims to have World's largest collection of curated itineraries.
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