About Towno
Towno is a company based in Bengaluru (India) founded in 2015 by Ratti Bhalla and Rahul Kesar.. Towno has raised $85.49 thousand across 2 funding rounds from investors including Kapil Daga and CIET. Towno operates in a competitive market with competitors including TF NEXUS and Resell Holidays, among others.
- Headquarter Bengaluru, India
- Founders Ratti Bhalla, Rahul Kesar
- Stage Minicorn
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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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- Legal Name Intellego Tech-Solutions Private Limited
- Date of Incorporation 30 Apr, 2016
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$333.45 K (USD)58.69as on Mar 31, 2023
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Net Profit
$2.09 K (USD)-84.37as on Mar 31, 2023
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EBITDA
$803.66 (USD)-93.25as on Mar 31, 2023
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Total Equity Funding
$85.49 K (USD)
in 2 rounds
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Latest Funding Round
$62.17 K (USD), Seed
Sep 20, 2018
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Investors
CIET
& 1 more
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Employee Count
Employee Count
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Funding Insights of Towno
Towno has successfully raised a total of $85.49K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $62.17 thousand completed in September 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 2
- Last Round Seed — $62,167
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First Round
First Round
(15 Jun 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Seed - Towno | Valuation | CIET | |
| Jun, 2017 | Amount | Seed - Towno | Valuation | CIET |
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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 Towno
Towno has secured backing from 2 investors, including angel and institutional investors. Prominent investors backing the company include Kapil Daga and CIET. 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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Engineering, science, humanities, and business courses are offered by CIET.
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Founded Year | Domain | Location | |
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KD
Kapil Daga |
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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 Towno
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Towno
| 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 |
Towno Comparisons
Competitors of Towno
Towno 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 TF NEXUS and Resell Holidays, 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 |
Offers destination management and travel services across multiple countries globally.
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| domain | founded_year | HQ Location |
Platform for trading pre-owned holiday memberships and travel services.
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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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Frequently Asked Questions about Towno
When was Towno founded?
Towno was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Towno located?
Towno is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Towno?
Rahul Kesar is the current CEO of Towno. They have also founded this company.
Is Towno a funded company?
Towno is a funded company, having raised a total of $85.49K across 2 funding rounds to date. The company's 1st funding round was a Seed of $23.32K, raised on Jun 15, 2017.
What is the annual revenue of Towno?
Annual revenue of Towno is $333.45K as on Mar 31, 2023.
What does Towno do?
Towno was founded in 2015 in Bengaluru, India, as an online platform in the travel sector. Personalized travel packages are provided by local hosts, allowing travelers to plan holidays by submitting destination details and contact numbers. Packages can also be explored on the site, with bookings completed through online payments. Operations focus on facilitating direct connections between travelers and hosts in various destinations.
Who are the top competitors of Towno?
Towno's top competitors include TF NEXUS and Resell Holidays.
Who are Towno's investors?
Towno has 2 investors. Key investors include Kapil Daga, and CIET.
What is Towno's valuation?
The valuation of Towno is $1.2M as of Sep 2018.
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