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Travel Technology Company Spotnana Raises $ 75 Million in Series B Financing Round

Spotnana, a cloud-based travel technology platform, has raised $ 75 million in a funding round led by Durable Capital Partners LP with the participation of existing investors Madrona Venture Group, Blank Ventures, ICONIQ Growth and Mubadala Capital. did.

Spotnana said Series B funding will help adopt and promote the Travel-as-a-Service platform, which provides cloud-based technology to businesses, travel management companies, suppliers and technology providers. Spotnana has raised more than $ 100 million in two years and its employee base has more than doubled since 2021 to more than 200 people.

Spotnana was founded by two Indian entrepreneurs. The company’s CEO, Sarosh Waghmar, who has over 20 years of experience in the travel industry, and Shikhar Agarwal, Chief Technology Officer and former founding engineer of ThoughtSpot, an analytics platform.

“The infrastructure that has been in place for decades creates a huge barrier between suppliers and travelers. Travel, just as Amazon democratized access to computing resources in the cloud. We provide an open platform that enables the entire ecosystem to work together to provide an unparalleled travel experience, “says Waghmar.

“Spotnana is building something new that the travel industry has never seen before. We are bringing together engineers from Microsoft, Google and other technology leaders to build a new high-performance infrastructure for travel. “I will,” said Agarwal.

Steve Singh, Managing Director of Madrona Venture Group and Executive Chairman of Spot Nana, said:

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