# Utrips

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/utrips

- Industry: Internet
- Headquarters: Suzhou, China
- Website: www.utrips.com.cn
- Latest round: Angel (Jun 7, 2017)
- Investors on record: 4

## About

Utrips is a travel technology company offering a suite of itinerary management solutions aimed at enhancing the travel experience for both individual and corporate clients through an intuitive online platform.Utrips, founded in 2016, operates from Suzhou, China, providing innovative travel management solutions. The company has raised funding from notable investors, including Guangdong Homa Appliances Co., Ltd. and Legend Star. Utrips has completed a total of 2 deals, with the most recent deal occurring on June 7, 2017.UTrips.com.cn specializes in providing a comprehensive suite of travel and itinerary management solutions designed to enhance user experience for both individual travelers and corporate clients. The company's core offerings include a user-friendly online platform that allows customers to create, customize, and manage travel itineraries effortlessly. This service aims to solve common travel planning challenges such as itinerary organization, real-time updates, and accessibility of travel information. UTrips has positioned itself within the Asian market, targeting a diverse customer base that includes frequent business travelers, travel agencies, and leisure tourists seeking to optimize their travel plans. Additionally, the platform supports integration with various travel-related services, thus enabling users to streamline their entire travel experience from booking flights to accommodation arrangements.The revenue model for UTrips.com.cn is structured around a subscription-based service that offers different tiers catering to varied customer needs, from individual users to enterprise-level clients. Clients can opt for monthly or yearly subscriptions, allowing them access to premium features such as enhanced itinerary management tools and personalized travel support. Transactions typically occur directly between the company and its clients, facilitating a straightforward purchasing process without intermediary involvement. The flagship services provided by UTrips are supported by strategic partnerships with airlines, hotels, and other service providers, enabling the company to offer bundled travel packages that enhance value for users. Pricing plans are designed to be competitive, reflecting the premium nature of the services offered, thereby ensuring sustainability and growth in the company's revenue streams.Utrips plans to leverage its recent Angel funding raised in June 2017 to further develop innovative products aimed at improving user experience, with specific launches scheduled for late 2023. The company is also targeting expansion into Southeast Asian markets, including countries like Thailand and Vietnam, with a goal to establish a presence by mid-2024. This growth strategy will enhance Utrips' market penetration and increase its customer base in emerging regions.

## Funding rounds

- Angel, Jun 7, 2017 — Legend Star, Guangdong Homa Appliances Co., Ltd.
- Seed, Jun 21, 2016 — Source Capital, Flourish Libra Venture Capital

## Investors

- Source Capital — Seed
- Flourish Libra Venture Capital — Seed
- Legend Star (https://capitalatlas.ai/funds/legend-star) — Angel
- Guangdong Homa Appliances Co., Ltd. — Angel