Vntrip
E-commerce company that aims to build and develop the largest and most modern online portal in the field of tourism in vietnam.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 Valuation: €0.0 4.4x EV/Revenue | round | |
* | N/A | Late VC | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 7 % | 5 % | - | (2 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Vntrip is a Vietnamese travel technology company established in 2014 by co-founders Lê Đắc Lâm and Nguyen Le Hoai Nam. Initially launched as a consumer-facing online travel agency (OTA) for hotel and flight bookings, the Hanoi-based firm has strategically pivoted to address the corporate travel sector. This shift was driven by the observation that Vietnam's corporate travel market was fragmented and lacked a dominant player. Lê Đắc Lâm, who serves as the company's chairman, graduated from the University of Washington with a degree in Business Administration and spent years gaining experience in business and management before launching Vntrip.
The company's core offering is the Vntrip Travel Management System (TMS), a platform designed to digitize and streamline business travel for corporate clients. This system enables companies to manage bookings, approvals, and expenses in one integrated solution, which helps save time and reduce costs. The platform allows employees to book their own flights and hotels within company policies, while managers can monitor and approve travel plans and expenses through automated workflows and real-time analytics. Vntrip serves over 1,500 corporate clients, including major companies like Unilever, FPT, and VPBank.
Vntrip generates revenue through its B2B travel solutions. The platform provides access to an extensive inventory, including over 12,000 domestic and one million international hotels, and direct connections to major airlines. A significant milestone in its growth was the 2018 merger with Atadi.vn, a popular site for finding cheap airfares, which expanded its capabilities in the flight booking segment. The company has successfully raised a total of $24 million over seven funding rounds from investors such as Hendale Capital, FengHe Group, IHAG Holding, and Ctrip co-founder Fan Min.
Keywords: corporate travel management, B2B travel, travel technology, online travel agency, business travel solutions, expense management, flight booking, hotel booking, Vietnam travel, travel management system, SaaS, corporate booking tool, travel and expense, Lê Đắc Lâm, Vntrip TMS, Atadi.vn, business travel platform, travel digitalization, corporate solutions, FPT, Unilever