About Travel Grid
Travel Grid is a Technology company based in Bengaluru (India) founded in 2003. Corporate travel processes are automated by Travel Grid. It operates in the Technology and Travel & Hospitality sectors. Travel Grid has raised $348.53 thousand across 1 funding round from investors including KITVEN, Poornaprajna Technologies and Mohan Sindhghatta. The company has 4 employees. Travel Grid was last valued at $4.88 million in March 2013. Its Indian entity Channel Mentor It Solutions Private Limited reported revenue of ₹83.4 Lakh. Its focus areas include Consumer, Online Travel, Corporate Travel and Expense Management.
Company details
Founded in 2003 and based in Bengaluru, India, Travel Grid operates in the travel management sector. Automation solutions are provided for corporate travel, including budget control, alerts, coordination with travel desks and agents, invoice handling, audit trails, and integration with HR and finance ERPs. Travel analytics are also supported. Additional products cover customer management, channel management, and educational institution operations.
- Headquarters Bengaluru, India
- Employees 4
- Stage Minicorn
- SectorsTechnologyTravel & Hospitality
- Website travelgrid.in
- Social LinkedIn X Facebook
- Legal Name Channel Mentor It Solutions Private Limited
- Date of Incorporation 09 Dec, 2003
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹83.4 Lakh
FY 2024 · +29% YoY
- Net Profit₹16.7 Lakh
FY 2024 · 20% margin
- EBITDA₹18.4 Lakh
FY 2024 · 22% margin
- Total Equity Funding$348.53K (USD)
in 1 rounds
- Latest Funding Round$348.53K (USD), Seed
Mar 2013
- InvestorsKITVEN
& 18 more
- Employee Count4
Associated legal entities of Travel Grid
Travel Grid operates through Channel Mentor It Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Channel Mentor It Solutions Private Limited CIN U72200KA2003PTC032984 | Active | 09 Dec 2003 | Bangalore, Karnataka | ₹0.8 Cr | 4 | 3 | View details |
Funding Insights of Travel Grid
Travel Grid has successfully raised a total of $348.53K through 1 strategic funding round. The most recent funding activity was a Seed round of $348.53 thousand completed in March 2013. 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 $348,534
- Total Rounds 1
- Last Round Seed — $348,534
- First Round $348,534
(Mar 2013)
- Investors Count 19
All 1 funding rounds of Travel Grid with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2013 | $348,534 | Seed | $4.88M | Mohan Sindhghatta |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2013 | $4.88M | •••••••• |
Last known valuation $4.88M (Mar 2013). 19 investors in total: 2 institutional and 17 angel.
Investors in Travel Grid
Travel Grid has secured backing from 19 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include KITVEN, Poornaprajna Technologies and Mohan Sindhghatta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund backed by government financial institutions focused on early and growth stage startups | 1999 | kitven.in | Bengaluru, India | |
Delivers comprehensive solutions in mobile app, web development, e-commerce, and marketing services. | 2014 | poornaprajnatech.com | Bengaluru, India | |
MS Mohan Sindhghatta | unknown_ec7b437602c146e9a | |||
JN Jyothi N | unknown_5c3e9377fcdd4895a | |||
SK Sreeharsha K R | unknown_b009efe8523147518 | |||
YS Yogesh Shankharnath | unknown_953e3b4301054803a | |||
AS Archana Sharma | unknown_4a48ceb4e70a490aa | |||
MK Manish Kumar | Co-founder of Kuku FM, active angel investor in Indian startups | unknown_6e759a223d22466cb | ||
MN Manjunath N S | unknown_63c465acfaff46009 | |||
P Priyadarshini | unknown_7acc0dd7ef29423f9 |
Investor details for Travel Grid
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Channel Mentor It Solutions Private Limited (Travel Grid)
Channel Mentor It Solutions Private Limited is the primary company behind Travel Grid. The board of Channel Mentor It Solutions Private Limited currently have 3 directors; the longest-serving is Kuluruuliya Rao Girish, appointed in 2011. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kuluruuliya Rao Girish DIN 03548011 | Director | 10 Jun 2011 | 15 yrs 4 mo | Channel Mentor It Solutions Private Limited |
| Archana Harish DIN 08996324 | Director | 19 Nov 2021 | 4 yrs 11 mo | Channel Mentor It Solutions Private Limited |
| Udayabhasker Reddy Mekarthi DIN 09637395 | Director | 14 Jun 2022 | 4 yrs 4 mo | Channel Mentor It Solutions Private Limited |
Financials of Travel Grid
Figures of Channel Mentor It Solutions Private Limited, the primary company behind Travel Grid, for FY 2024. Revenue was ₹83.4 Lakh (+29% year on year). Net profit was ₹16.7 Lakh (20% margin). EBITDA was ₹18.4 Lakh (22% margin). Revenue has grown at a compounded annual rate of +38% over three years and +19% over five years.
- ₹83.4 LakhRevenue · FY 2024 · +29% YoY
- ₹16.7 LakhNet profit · 20% margin
- ₹18.4 LakhEBITDA · 22% margin
- ₹2.13 CrPaid-up capital
- 4Employees (provident fund records)
- +38%Revenue CAGR, 3 years
- +19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Channel Mentor It Solutions Private Limited are on its company page.
Detailed financial statements for Travel Grid
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Travel Grid
3 dated milestones of Travel Grid across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Travel Grid is founded.
- Funding First funding round of $349K.
- Milestone Reaches Minicorn status.
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Frequently Asked Questions about Travel Grid
Travel Grid was founded in 2003 and raised its 1st funding round 10 years after it was founded.
Travel Grid is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Travel Grid is a funded company, having raised a total of $348.53K across 1 funding round to date. The company's 1st funding round was a Seed of $348.53K, raised on Mar 2013.
Travel Grid has 4 employees.
The primary company behind Travel Grid, Channel Mentor It Solutions Private Limited, reported revenue of ₹83.4 Lakh for FY 2024, up 29% year on year.
Founded in 2003 and based in Bengaluru, India, Travel Grid operates in the travel management sector. Automation solutions are provided for corporate travel, including budget control, alerts, coordination with travel desks and agents, invoice handling, audit trails, and integration with HR and finance ERPs. Travel analytics are also supported. Additional products cover customer management, channel management, and educational institution operations.
Travel Grid has 19 investors. Key investors include KITVEN, Poornaprajna Technologies, Mohan Sindhghatta, Jyothi N, and Sreeharsha K R.
The valuation of Travel Grid is $4.88M as of Mar 2013.
Travel Grid operates through Channel Mentor It Solutions Private Limited.
The legal entities of Travel Grid currently have 3 directors, including Kuluruuliya Rao Girish, Udayabhasker Reddy Mekarthi, Archana Harish.