18 Views

Travelbeta: Get Inspired From Nigeria’s 6 weeks old company that raised $2 million

Spanking new online travel agency, Travelbeta has just raised $2 million seed funding from a group of Nigerian Investors barely 6 weeks after the company launched on the 1st of October.

According to Onyeka Akumah, Travelbeta Co-Founder and CCO, the  group of Nigerian Investors, led by Altheus Limited, believes the company can dominate the Nigerian Travel Industry in the next 3 years, “based on our unique business model, the capability of the team leading this vision and the potential of the market size in Nigeria”.

“We are also in further talks with an increasing number of interested investors outside the country,” says Akumah, “who are beginning to take African and in particular Nigerian travel numbers seriously.

Before its online launch, Travelbeta began operations as a physical agency in July 2015 when the company sold its first Travel ticket to the first customer. “We’ve generated revenue of over $522,000 in the last 4 months,” Akumah told Techpoint.

There is plenty room for growth for Travelbeta, as it is operating in a space that is largely under-utilized; over 21 million Nigerians travelled in and out of the country via the airports in the last 12 months according to the Nigerian Bureau of Statistics. Of this number, only about 3% book their tickets via online travel agencies. With this new capital injection, the company plans to push for aggressive online marketing, improvements to their technology platform especially for mobile, real estate acquisition and boosting of staff strength.

(L-R: Travelbeta.com operations manager David Asuku, Chief commercial officer Onyeka Akumah, Toyin Omotoso and Chief technology officer Wole Ayorinde)

Travelbeta is managed by an all-Nigerian team of industry experts in both the travel and technology space. Serving as the Chief Commercial Officer is Onyeka Akumah. As an experienced digital marketing expert and founder of Anozim, Akumah has an impressive track record, having played lead digital marketing roles at Wakanow, Jumia and Konga (with investment from Naspers and Kinnevick). The Chief Technology Officer is Wale Ayorinde, who has over 13 years experience in technology management with many start-ups in Silicon Valley. The Operations Manager, David Asuku,  has over 15 years experience in the local travel business, 7 years of which were spent in management roles at online agencies including Wakanow and Holloway travels.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Dangerous Infections You Can Get When You Bite Your Nails
Food and Health
25 views
Food and Health
25 views

Dangerous Infections You Can Get When You Bite Your Nails

Mabel - September 22, 2017

Biting your nails might seem like a minor bad habit. The frequency of the habit might lead you to believe that it's no big deal. However, it…

The University Of Ibadan Fixes Resumption Date
General
23 views
General
23 views

The University Of Ibadan Fixes Resumption Date

Mabel - September 22, 2017

The management of the University of Ibadan (UI) Chapter returns back to classrooms, the school authority has notified the students that the second semester lectures of the…

2017 WAFU Cup: Super Eagles Defeat Benin To Set Up A Final Game Against Ghana
Sports
26 views
Sports
26 views

2017 WAFU Cup: Super Eagles Defeat Benin To Set Up A Final Game Against Ghana

Mabel - September 22, 2017

The home based Super Eagles of Nigeria on Thursday advanced top the final of the 2017 WAFU  Cup of Nations defeating  Benin 1-0 in Cape Coast in the…

Checkout Photos Of Nigerian Writer, Chimamanda Adichie’s Husband
Romance and Love
28 views
Romance and Love
28 views

Checkout Photos Of Nigerian Writer, Chimamanda Adichie’s Husband

Mabel - September 22, 2017

Photos of popular Nigerian writer, Chimamanda Adichie and her husband Dr. Ivara Esege have been celebrated on social media. The husband of the award-winning Nigerian writer, Chimamanda…

Ooni Of Ife All Smiles In New Photos As He Attends Event In Abuja
General
22 views
General
22 views

Ooni Of Ife All Smiles In New Photos As He Attends Event In Abuja

Mabel - September 22, 2017

The Ooni of Ife, is definitely in a delightful mood as he was photoed recently following reports of his estrangement to Wuraola Zynab Otiti some weeks back.…

9 Health Benefits Of Sour-Sop Fruit
Food and Health
39 views
Food and Health
39 views

9 Health Benefits Of Sour-Sop Fruit

Mabel - September 22, 2017

Sour-sop is a wonder-working fruit found in the tropical regions of the world. Around the world, it is known with different names such as Graviola, Brazilianawpaw, custard…

How PDP Can Return To Power In 2019
Politics
28 views
Politics
28 views

How PDP Can Return To Power In 2019

PH - September 22, 2017

A former Minister of Education, Prof. Tunde Adeniran, has predicted that the Peoples Democratic Party (PDP) would return to power in 2019. According to him, the party…

What Some Devils in APC are Doing to Frustrate President Buhari – Katsina Governor
Politics
34 views
Politics
34 views

What Some Devils in APC are Doing to Frustrate President Buhari – Katsina Governor

PH - September 22, 2017

The Governor of Katsina State, Aminu Bello Masari, has alleged that some “devils” have infiltrated the All Progressives Congress, APC, with the aim of “pitching the electorate…

What IPOB, Nnamdi Kanu Should Do About Proscription
Politics
24 views
Politics
24 views

What IPOB, Nnamdi Kanu Should Do About Proscription

PH - September 22, 2017

Vice President of the Nigerian Bar Association, NBA, Monday Ubani has called on the Indigenous People of Biafra, IPOB, to challenge its proscription in a competent court…

President Muhammadu Buhari Now In London
Politics
31 views
Politics
31 views

President Muhammadu Buhari Now In London

Mabel - September 22, 2017

Nigerian President who departed New York from the 72nd UN General Assembly for the United Kingdom has arrived safely, Femi Adesina, the Special Adviser on Media and Publicity…

What Oritsefemi’s Wife, Nabila Said About Her Mother-In-Law Is Thought-provoking
Entertainment
32 views
Entertainment
32 views

What Oritsefemi’s Wife, Nabila Said About Her Mother-In-Law Is Thought-provoking

MT - September 22, 2017

Nigerian singer Oritsefemi recently shared a photo of his mother and wife, Nabila, together, and their resemblance was is overwhelming. Nabila then reacted after re-sharing the photo via her…

Video: Watch Mayorkun Refuting Reports That His ‘Mama’ Song Was A Copy Of Davido’s ‘Fall’
Entertainment
25 views
Entertainment
25 views

Video: Watch Mayorkun Refuting Reports That His ‘Mama’ Song Was A Copy Of Davido’s ‘Fall’

MT - September 22, 2017

  DMW artiste Mayorkun has responded to claims that his hit song “Mama” was a copy of Davido’s hit song “Fall” with similar beats. According to him, people shouldn’t be fast to judge as they…

Actress Eniola Badmus Finally Forgives Davido’s Babymama: ‘Go And Sin No More…..’
Entertainment
31 views
Entertainment
31 views

Actress Eniola Badmus Finally Forgives Davido’s Babymama: ‘Go And Sin No More…..’

MT - September 22, 2017

  Eniola Badmus has finally forgiven Sophia Momodu, and this comes days after the mother of Davido’s daughter took to SnapChat to body-shame the actress. It all…

Peter Okoye Goes Solo? Read His Latest Tweet Here.
Entertainment
37 views
Entertainment
37 views

Peter Okoye Goes Solo? Read His Latest Tweet Here.

MT - September 22, 2017

  Amidst speculations that the PSquare twin brothers, Paul and Peter Okoye are fighting again, Peter has unveiled his solo Youtube channel. Peter Okoye announced on his…

Kemi Olunloyo Directly Shades Tonto Dike’s Estranged Husband Churchill – “You Can Hang Out With 2000 Women”
Entertainment
42 views
Entertainment
42 views

Kemi Olunloyo Directly Shades Tonto Dike’s Estranged Husband Churchill – “You Can Hang Out With 2000 Women”

MT - September 22, 2017

Miss Kemi Olunloyo in her pursuit for a no domestic violence society, addressed Tonto Dikeh’s ex husband Oladunni Churchill in a recent post on her IG. According…

Top 10 Nigerian Artistes That Have Lost Their Musical Touch, Do You Agree With The List?
Entertainment
32 views
Entertainment
32 views

Top 10 Nigerian Artistes That Have Lost Their Musical Touch, Do You Agree With The List?

MT - September 22, 2017

Undoubtedly the Nigerian music industry is west Africa’s biggest depot of young/old talented, creative, successful and wealthy musical artist that have taking the art of singing music…

Triple MG boss, Ubi Franklin Did The Unthinkable For One His Female Staff, Nicole.
Entertainment
25 views
Entertainment
25 views

Triple MG boss, Ubi Franklin Did The Unthinkable For One His Female Staff, Nicole.

MT - September 22, 2017

Triple MG boss, Ubi Franklin shared this Photos of his female staff, Nicole who was proposed to by a lady in his Abuja office. Her boyfriend sent…

See Why You Could Be Beaten Black And Blue In Ondo State If You Mention Or Defend Asiwaju Tinubu’s Name
Politics
48 views
Politics
48 views

See Why You Could Be Beaten Black And Blue In Ondo State If You Mention Or Defend Asiwaju Tinubu’s Name

MT - September 22, 2017

The mention or the defense of the name of the celebrated national leader of the APC, in the person of Asiwaju Bola Ahmed Tinubu, the Jagaban of…

Loading...