About Rocketrip
Rocketrip is a company based in New York (United States) founded in 2013 was acquired by Mondee in September 2020.. Rocketrip has raised $32.86 million across 8 funding rounds from investors including Bessemer Venture Partners, Mondee and Canaan. The company has 71 employees as of December 31, 2019. Rocketrip offers products and services including Rocketrip Platform and Insights Dashboard. Rocketrip operates in a competitive market with competitors including TravelPerk, Deem, Egencia, Tripeur and Spotnana, among others.
- Headquarter New York, United States
- Employees 71 as on 31 Dec, 2019
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rocketrip, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$32.86 M (USD)
in 8 rounds
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Latest Funding Round
$15 M (USD), Series C
Apr 25, 2018
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Investors
Bessemer Venture Partners
& 7 more
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Employee Count
71
as on Dec 31, 2019
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Acquired by
Mondee
(Sep 09, 2020)
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Products & Services of Rocketrip
Rocketrip offers a comprehensive portfolio of products and services, including Rocketrip Platform and Insights Dashboard. 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.
Tool for forecasting trip costs and rewarding savings in corporate travel.
Dashboard for real-time travel spend tracking and behavioral analysis.
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Funding Insights of Rocketrip
Rocketrip has successfully raised a total of $32.86M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $15 million completed in April 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series C — $15.0M
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First Round
First Round
(31 May 2013)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Series C - Rocketrip | Valuation | Google Ventures | |
| Jun, 2016 | Amount | Series B - Rocketrip | Valuation | Bessemer Venture Partners | |
| Sep, 2015 | Amount | Series A - Rocketrip | Valuation |
investors |
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| 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 Rocketrip
Rocketrip has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Mondee and Canaan. 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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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Canaan is recognized as an early-stage venture capital firm.
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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 Rocketrip
| 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 |
Financial Statements - Rocketrip
| 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 |
Rocketrip Comparisons
Competitors of Rocketrip
Rocketrip 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 TravelPerk, Deem, Egencia, Tripeur and Spotnana, 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 |
SaaS-driven corporate travel management & booking engine platform
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| domain | founded_year | HQ Location |
Provider of corporate travel management solutions
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| domain | founded_year | HQ Location |
Corporate travel solutions are offered to business travelers worldwide.
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| domain | founded_year | HQ Location |
AI and cloud-driven corporate travel management solutions are provided.
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| domain | founded_year | HQ Location |
SaaS API-based travel ecosystem and management solutions are offered.
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| domain | founded_year | HQ Location |
SaaS travel management is offered for business travelers' bookings.
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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 Rocketrip
Frequently Asked Questions about Rocketrip
When was Rocketrip founded?
Rocketrip was founded in 2013.
Where is Rocketrip located?
Rocketrip is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Rocketrip a funded company?
Rocketrip is a funded company, having raised a total of $32.86M across 8 funding rounds to date. The company's 1st funding round was a Series A of $2M, raised on May 31, 2013.
How many employees does Rocketrip have?
As of Dec 31, 2019, the latest employee count at Rocketrip is 71.
What does Rocketrip do?
Founded in 2013 and based in New York, United States, Rocketrip operates in the SaaS sector for corporate travel management. Software is utilized to integrate real-time pricing, company policies, and patented algorithms, enabling customized budget setting and trip cost predictions. Business travelers are supported in achieving savings through options like advance bookings or alternative accommodations, resulting in cost reductions for companies and rewards for employees.
Who are the top competitors of Rocketrip?
Rocketrip's top competitors include TravelPerk, Egencia and Lanes & Planes.
What products or services does Rocketrip offer?
Rocketrip offers Rocketrip Platform and Insights Dashboard.
Who are Rocketrip's investors?
Rocketrip has 8 investors. Key investors include Bessemer Venture Partners, Mondee, Canaan, Google Ventures, and Genacast.
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