Tumodo Secures USD35 M in Pre-Seed Funding to Expand Business Travel in MENA

Tumodo Secures USD35 M in Pre-Seed Funding to Expand Business Travel in MENA

•  Tumodo Secures $35M in Pre-Seed Funding:  Tumodo, a forward-thinking business travel platform, has raised $35 million in a pre-seed funding round, with co-leadership from MENA-focused angel investors.

•  Strategic Expansion in the UAE and MENA Market: The funding will propel Tumodo’s presence in the UAE market, facilitate further product development, and open doors to new partnerships across the MENA region.

•  Revolutionizing Business Travel with Transparent Solutions: Tumodo stands out by offering businesses a streamlined process to book flights and hotels for hundreds of employees in just two minutes, devoid of hidden fees. 

Dubsi-based business travel platform, Tumodo, announced a pre-seed funding round, raising $35 million with co-leadership from MENA-focused angel investors, according to a statement.

The funding will support Tumodo’s expansion in the UAE, enhance product development, and foster new partnerships across the MENA region. By 2026, the company aims to extend its platform to an additional 25 countries globally.

In line with the Global Business Travel Association’s findings, the global business travel market, valued at $933 billion in 2022, is anticipated to rebound to pre-pandemic levels, reaching $1.4 trillion by 2024. 

The MENA’s business travel market is experiencing rapid recovery, having already achieved 86% of its 2019 levels in 2022.

Tumodo stands out by simplifying the process of booking flights and hotels for hundreds of employees in just two minutes, without hidden fees. The platform is designed to enhance expense management and operational transparency for businesses. 

Additionally, Tumodo is actively developing an AI feature to streamline trip organization, and its technology can seamlessly integrate into companies’ HR systems.

Stan Klyuy, Chief Commercial Officer of Tumodo, emphasized the company’s commitment to revolutionizing the MENA business travel market. 

Tumodo aims to contribute to making it not only one of the fastest-recovering markets globally but also the most technologically advanced. The platform helps companies optimize travel expenses, improve employee productivity, and ensure compliance with travel policies, resulting in an average cost reduction of 35% for clients.

Currently trusted by over 100 businesses in the MENA region, Tumodo is connected to major distribution channels, and global hotel chains, and collaborates with more than 400 airlines worldwide. 

With a customer-centric approach and cutting-edge technology, Tumodo aspires to become the leading business travel platform in the MENA region, striving for a 100% adoption rate. 

The company’s help center specialists are dedicated to assisting in the trip organization and ensuring businesses of all sizes achieve their travel objectives while maximizing return on investment.

Research from the World Travel & Tourism Council highlights that, even during pandemic years, spending on business travel surpassed that on leisure travel. 

The growth of the business travel market outpaced leisure travel by 1-10%, with a notable difference of almost 15% in the Middle East market.

Tumodo’s innovative solutions are poised to modernize and streamline the travel organization process, contributing to the market’s sustained growth.

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