TripActions – Travel Management Expert for the Corporate World
Traveling – it leaves you speechless and then turns you into a storyteller. – IbnBatuta
Corporate world and travel are interconnected. People who are part of the corporate world need to travel a lot. However, the traveling experience is not always as good as it is expected owing to the hassles in travel booking, scheduling, tickets, stay and more. TripActions is a travel management company that takes care of all this. And, this blog will give you a clear picture of the company and everything that makes it a leading name in the industry.
How It All Started?
What started as a dream in 2015 is today’s one of the world’s largest corporate travel companies in the world with more than 1000 employees and 10 offices spread across 4 countries. TripActions was started by Ariel Cohen and Ilan Twig after having faced the pitfall of business travel. During the first year of being founded, the company managed to receive a funding of $4 million during a seed round which was led by Zeev Ventures and had participation from Dovi Frances and Lightspeed Venture Partners.
The following year, TripActions received another round of funding led by Oren Zeev Ventures and Lightspeed Venture Partners with participation from Group 11 which amounted for $14.6 million. in the year 2017, the company managed to get a seed funding led by Lightspeed with participation from Zeev Ventures and Group 11 of amount $12.5 million.
Today, with headquarter in Palo Alto and offices spread across various countries in the world, the company stands at over a billion dollar valuation.
Creating a Mission Driven Culture
Since inception, the company has been moving forward with a mission driven culture. Over the years TripActions has managed to:
- Be part of the One of the most innovative companies list – by Fast Company
- LinkedIn Top Startups
- Fastest growing companies list by Grow Jo (Silicon Valley)
- Recognized as Top 20 of the Forbes Cloud 100 award
How it works?
The company offers an all-in-one travel booking experience by being more than just an online travel booking tool. You can build you travel, manage your bookings and easily scale your business travels as and when required. One of the best things is that it lets you measure the carbon impact of your business travel, thereby working as a responsible part of the society.
With its simple interface and innovative approach, TripActions has managed to grow and emerge as the most loved platform for business travel bookings for organization, as is evident from the growth that the company has managed to attain over the years.
The COVID-19 Impact
The entire world is suffering due to the coronavirus outbreak, and TripActions story has not been any different. Although over the years the company has managed to grow in leaps and bounds, it was forced to lay off more than 300 of its employees amidst the COVID-19 pandemic outbreak this year.