SEPOY.net
No Result
View All Result
Thursday, July 17, 2025
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
No Result
View All Result
SEPOY.NET
No Result
View All Result
Home Travel

Travel App Hopper Secures Another $96 Million From Capital One

Nicholas by Nicholas
November 23, 2022
in Travel
0
Travel App Hopper Secures Another  Million From Capital One

Canadian startup Hopper, a popular travel booking app, announced Monday that it has received a $ 96 million investment from Capitol One to strengthen the long-term partnership between the two companies. Capital One previously led the F Hopper Series round, which raised $ 170 million in March 2021.

READ ALSO

The Rise of Entrepreneurship: Bihar govt launches portal to encourage startups

Adtech startup Quikr reported Rs 45 crore in revenue, with a profit of Rs 2 crore in FY24

“The new funds will be used to accelerate the company’s growth in a variety of areas, including supporting new social commerce initiatives,” Hopper said in a statement to Forbes.

Hopper declined to quantify Capital One’s stake in the company, stating, “This investment and expansion of the partnership demonstrates the strong momentum the company sees one year into the partnership.”

Last year, Hopper and Capital One joined forces to launch Capital One Travel, a Hopper-based travel booking portal that combines cardholder benefits with fintech products such as price blocking, copy protection and l cancellation insurance for any reason.

“Since launch, Capital One Travel has taken travel bookings to record levels, surpassing pre-pandemic industry and volume growth, and repeated use of Capital One Travel continues to grow,” said Hopper.

Hopper, a privately held company with $ 4.5 billion in revenue this year, claims to be North America’s third largest online travel agency (OTA) with nearly 80 million downloads of its free apps.

Businesses are recovering during the Covid-19 pandemic, as uncertainty over travel disruption has fueled travelers’ desire to protect their investment with one or more fintech solutions to protect in-app prices. Nearly 60% of app users purchase at least one fintech product when ordering.

The company has been evasive about its current value. “We are a private company, so we don’t release estimates,” a Hopper spokesperson said. “However, this is a significant increase over our previous lead given all the recent growth outlined in the announcement.” Earlier this year, Forbes reported that Hopper was worth around $ 5 billion.

Despite rumors of a future IPO, Hopper declined to provide a time frame for the IPO. “There are currently no concrete plans for an IPO,” the company said. “We are currently focusing on developing Hopper applications alongside our fintech products and building the Hopper cloud business. Hopper redirects all profits to marketing expenses to accelerate growth. “

https://new.c.mi.com/ph/post/193961
https://new.c.mi.com/ph/post/193479
https://new.c.mi.com/ph/post/193474
https://new.c.mi.com/ph/post/193469
https://new.c.mi.com/ph/post/193143
https://new.c.mi.com/ph/post/195170
https://new.c.mi.com/ph/post/193459
https://new.c.mi.com/ph/post/193133
https://new.c.mi.com/ph/post/193946
https://new.c.mi.com/ph/post/193118
https://new.c.mi.com/ph/post/193444
https://new.c.mi.com/ph/post/193851
https://new.c.mi.com/ph/post/193846
https://new.c.mi.com/ph/post/193841
https://new.c.mi.com/ph/post/193394

Related Posts

The Rise of Entrepreneurship: Bihar govt launches portal to encourage startups
Travel

The Rise of Entrepreneurship: Bihar govt launches portal to encourage startups

July 16, 2025
Adtech startup Quikr reported Rs 45 crore in revenue, with a profit of Rs 2 crore in FY24
Travel

Adtech startup Quikr reported Rs 45 crore in revenue, with a profit of Rs 2 crore in FY24

May 16, 2025
Consumer-services startup Luzo raised 0k from Enrission India Capital and other investors in its seed funding
Travel

Consumer-services startup Luzo raised $550k from Enrission India Capital and other investors in its seed funding

May 15, 2025
Indian startups raised 7 million this week, led by PB Health, Porter, and Routematic 
Travel

Indian startups raised $587 million this week, led by PB Health, Porter, and Routematic 

May 14, 2025
Fintech startup M1xchange secured  million from Filter Capital and others in its ongoing funding round
Travel

Fintech startup M1xchange secured $10 million from Filter Capital and others in its ongoing funding round

May 12, 2025
Zebu, a defense technology startup, raised  million from Bluehill VC at its pre-series A funding round
Travel

Zebu, a defense technology startup, raised $1 million from Bluehill VC at its pre-series A funding round

May 8, 2025
Next Post
Tired Of Flying? Premium Buses Could Be Your Secret To Cheaper And More Comfortable Travel

Tired Of Flying? Premium Buses Could Be Your Secret To Cheaper And More Comfortable Travel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About

Sepoy.net is a perfect place for people who want daily updates on news related to business, technology, entertainment, health, cryptocurrency etc.

Contact: hello@sepoy.net

Major Categories

News

Business

Tech

Economy

 

Recent Posts

  • SuperCat slot machine fire queen Gambling enterprise
  • SuperCat Gambling establishment 60 Gratis casino 40 free spins no deposit bonus Revolves and you can two hundred% Free Extra
  • Extremely free spins 80 no deposit Diamond Exploit Slot machine game Is the newest Free Demo Variation

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • DMCA
  • Home
  • Privacy Policy

© 2023 Sepoy.net

No Result
View All Result
  • Home
  • Business
  • News
  • Health
  • Tech
  • Science
  • Lifestyle
  • Travel

© 2023 Sepoy.net