Scoop: GoZayaan raises new round of investment

October 27, 2022

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Online travel-tech platform GoZayaan has raised a new round of funding at an undisclosed valuation, Future Startup has learned from multiple sources. The company’s Crunchbase profile shows an additional $4.6M in funding. Previously, GoZaayan’s total funding stood at $3.5 million. GoZayaan’s Crunchbase profile presently shows an updated total funding of $8.1 million. 

The details: The simple deduction suggests the company raised an additional $4.6m dollar in funding. We’ve reached out to GoZayaan founder and CEO Ridwan Hafiz and are yet to hear back. We’ll update this post once we hear from the company. 

The signs: GoZayaan has been going through a frenzy of new activities of late. The company’s Linkedin profile shows it has been actively recruiting across departments showing both growth and immediate muscle power. We’ve learned from sources that the company has made a number of senior-level hires for upcoming ventures which are still under wraps. 

GoZayaan has been making noise in the Bangladeshi startup scene since the beginning of the year. The company acquired Pakistani online travel marketplace FindMyAdventure back in February 2022 to become the first Bangladeshi travel company to expand beyond the border. 

Reading between the lines: Funding remains difficult for startups given the global economic slowdown. As startup funding dries up across markets, startups continue to struggle to raise investment. The round suggests the strength of GoZayaan’s business and suggests that the Bangladesh market remains attractive to investors. 

As we reported earlier, GoZayaan acquired a Pakistani travel company just a few months ago. With the new round of investment, it remains to be seen whether the company expands into any new market or verticals.

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