About Trip
Trip is a company based in Singapore (Singapore) founded in 1999 was acquired by Ctrip in November 2017.. Trip has completed 1 acquisition, including Travix. Trip offers products and services including Trip.com App, Flight Booking, Hotel Booking, and Car Rental Service. Trip operates in a competitive market with competitors including Traveloka, Priceline, Despegar, MakeMyTrip and Lastminute, among others.
- Headquarter Singapore, Singapore
- Stage Public
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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 Trip.Com Travel Singapore Pte. Ltd.
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Products & Services of Trip
Trip offers a comprehensive portfolio of products and services, including Trip.com App, Flight Booking, Hotel Booking, and Car Rental Service. 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.
App for booking travel services and recommendations
Service to book flights and manage itineraries
Platform for reserving hotels worldwide
Tool for renting cars at various airports
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Funding Insights of Trip
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2021 | Amount | Post-IPO - Trip | 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 Trip
Trip has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Ctrip and Pzena Investment Management. 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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Diversified investment management is provided from New York since 1995.
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Founded Year | Domain | Location | |
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Multiple travel services including flights and hotels are booked online.
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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 Trip
Trip has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Travix. 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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Flight tickets, hotel rooms, and car rentals are booked online.
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2011 |
| 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 - Trip
| 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 |
Trip Comparisons
Competitors of Trip
Trip 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 Traveloka, Priceline, Despegar, MakeMyTrip and Lastminute, 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 |
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| domain | founded_year | HQ Location |
Multiple travel services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Travel services are booked via an AI-powered platform.
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| domain | founded_year | HQ Location |
Multiple travel services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Online bookings for flights, hotels, and travel packages are facilitated.
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| domain | founded_year | HQ Location |
Last-minute bookings for travel and entertainment are facilitated online.
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| domain | founded_year | HQ Location |
Online platform for booking multiple travel services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Trip
Frequently Asked Questions about Trip
When was Trip founded?
Trip was founded in 1999 and raised its 1st funding round 22 years after it was founded.
Where is Trip located?
Trip is headquartered in Singapore, Singapore.
Who is the current CEO of Trip?
Jane Sun is the current CEO of Trip.
What does Trip do?
The company was founded in 1999 and is headquartered in Singapore, operating in the travel sector. An app-based platform is provided for users to browse, compare, and book services such as hotels, flights, trains, cruises, airport transfers, rental cars, tickets, and tours. Travel guides, flight updates, and deals are accessible via the platform, with bookings completed through the app on Android and iOS devices.
Who are the top competitors of Trip?
Trip's top competitors include MakeMyTrip, Ixigo and Despegar.
What products or services does Trip offer?
Trip offers Trip.com App, Flight Booking, Hotel Booking, and Car Rental Service.
How many acquisitions has Trip made?
Trip has made 1 acquisition, including Travix.
Who are Trip's investors?
Trip has 2 investors. Key investors include Ctrip, and Pzena Investment Management.
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