About Etraveli Group
Etraveli Group is a company based in Uppsala (Sweden) founded in 2000 was acquired by Booking in November 2021.. Etraveli Group has completed 1 acquisition, including Flygresor.se. Etraveli Group offers products and services including Mytrip, Gotogate, Flightnetwork, and TripStack. Etraveli Group operates in a competitive market with competitors including Dohop, Star Alliance, Twistr, cFares and Voopter, among others.
- Headquarter Uppsala, Sweden
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Sectors
Travel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$196.33 M (USD)71as on Dec 31, 2023
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Net Profit
$31.78 M (USD)-15as on Dec 31, 2023
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EBITDA
$34.92 M (USD)-9as on Dec 31, 2023
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Latest Funding Round
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Investors
KKR
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of Etraveli Group
Etraveli Group offers a comprehensive portfolio of products and services, including Mytrip, Gotogate, Flightnetwork, and TripStack. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers online access to flights, accommodations, and travel services.
Provides affordable flight options and seamless booking experiences.
Simplifies travel bookings for hassle-free connections.
Uses data science for creating cost-effective travel itineraries.
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Software Development Team
62 people
Finance and Accounting
23 people
Leadership Team
15 people
Human Resources and Administration
13 people
Senior Team
11 people
Product Management Team
9 people
Sales and Marketing
7 people
Manager Team
6 people
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Funding Insights of Etraveli Group
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(30 Jun 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Private Equity Round - Etraveli Group | Valuation |
investors |
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| Jan, 2022 | Amount | Grant - Etraveli Group | Valuation |
investors |
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| Jun, 2021 | Amount | Grant - Etraveli Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Etraveli Group
Etraveli Group has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include KKR, CVC and Booking. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Mezzanine financing and equity investments are provided by CVC.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Etraveli Group
Etraveli Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Flygresor.se. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of travel agency services
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Etraveli Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Etraveli Group Comparisons
Competitors of Etraveli Group
Etraveli Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dohop, Star Alliance, Twistr, cFares and Voopter, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Flight meta-search engine
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| domain | founded_year | HQ Location |
Operates an app-based platform for metasearch flight booking services.
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| domain | founded_year | HQ Location |
Online flight ticket booking platform
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| domain | founded_year | HQ Location |
Operates as a meta-search engine for online travel options, simplifying booking comparisons.
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| domain | founded_year | HQ Location |
Travel Price Comparison Engine
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Etraveli Group
Frequently Asked Questions about Etraveli Group
When was Etraveli Group founded?
Etraveli Group was founded in 2000 and raised its 1st funding round 21 years after it was founded.
Where is Etraveli Group located?
Etraveli Group is headquartered in Uppsala, Sweden. It is registered at Uppsala, Uppsala County, Sweden.
Who is the current CEO of Etraveli Group?
Mathias Hedlund is the current CEO of Etraveli Group.
What is the annual revenue of Etraveli Group?
Annual revenue of Etraveli Group is $196.33M as on Dec 31, 2023.
What does Etraveli Group do?
Etraveli Group was established in 2000 in Uppsala, Sweden, within the travel technology sector. An online platform is maintained to aggregate airline ticket data from various booking sources. Core operations involve facilitating comparisons of flight options, with additional services encompassing travel insurance, cancellation policies, ticket modifications, rebooking procedures, and related features. Geographic focus remains centered in Europe, supporting user access to diverse travel arrangements.
Who are the top competitors of Etraveli Group?
What products or services does Etraveli Group offer?
Etraveli Group offers Mytrip, Gotogate, Flightnetwork, and TripStack.
How many acquisitions has Etraveli Group made?
Etraveli Group has made 1 acquisition, including Flygresor.se.
Who are Etraveli Group's investors?
Etraveli Group has 4 investors. Key investors include KKR, CVC, Booking, and European Union.