Holiday comparison site on the web, Polama.com, a Bangalore based company, has raised its first round of funding from a consortium of angel investors, lead by Rehan Yar Khan and Blume Ventures. The funds will be used to build operations, customer service and marketing.
Polama is a one stop shop for holidays on the web and has over 5000 holiday packages from several branded providers like SOTC, Travel Tours, Thrillophilia, Yatra and MakeMyTrip. Customers can optimize time, effort and cost by using Polama to find the holiday that best suits their needs.
Polama, was launched in December 2010 by M.D. Ramaswami and his friend and classmate from IIT Madras, Dilip Panicker.
M D Ramaswami, says “We are excited to bring the new investors on board. They are not only very successful entrepreneurs and investors but also come with great background in the online consumer space. Their expertise will hugely contribute to our journey to the next level”.
Karthik Reddy, Managing Director with Blume Ventures said “MD and Dilip make a great team. They’ve married their passion for travel with their deep technical backgrounds and identified gaps in customer preferences and demand. These are important problems to solve as the first generation of online travel pursuits mature to open up more interesting niches. Blume is excited to be associated with them”
“Polama.com has demonstrated all traits for a good investment. A solid, experienced team and a unique value proposition in one of the fastest growing domains,” said Rehan Yar Khan. “We’re excited to help them realize their vision.”