Go Zayaan, the online travel platform, has closed a new investment round from OS Ventures and BRAC Osiris Impact Ventures. The company did not disclose details about the round.
The new funding would allow the company to expand its services, invest in technology, and spend more on growth. With the new investment, Go Zayaan will expand its service offerings and invest in its in-house developed technology platform" says a press release sent to FS.
Syeed Khan, Partner of the Osiris Group said, “we are extremely excited investing in Go Zayaan. The travel industry is seeing significant growth and technology will drive the user experience as consumers seek high quality, timely and transparent service.”
Founder and CEO of Go Zayaan, Ridwan Hafiz, also known for co-founding the country's first and one of the largest digital marketing agencies, Analyzen, said, "I didn't choose Travel; it chose me. We are working tirelessly to create the perfect travel brand. We don't plan to rest until the whole ecosystem reaches global standards."
Propelled by rising incomes and a growing appetite for exploration, travel is on the rise in Bangladesh. An increasing number of Bangladeshis are now traveling abroad and locally and spending generously. In 2014, some 1.5 million Bangladeshis visited abroad, according to data from the Bangladesh Bank, National Board of Revenue and Bangladesh Institute of Development Studies. Outbound travel spending rose from $404.7 million in FY15 to $436.4 million in FY16, a 7.83 percent rise from the previous year. It shows a sign of the rise of a new middle and upper class in the country. As more people travel, they are also opting for more flexible and convenient options for their travel-related services. This where Go Zayaan aims to play.
Launched in 2017 as a travel aggregation platform, Go Zayaan has gained popularity and trust with thousands of travelers. The company, started with an ambition to become the one-stop online travel solution platform for travelers in Bangladesh, currently offers a host of travel services such as domestic and international flight booking, premium visa processing services, local and international tour packages, customized travel plans and packages and round the clock customer support to assist travelers at any time.
The company says that it aims to provide customers with an unparalleled one-stop online travel solution.