Middle East-based online travel agency Holidayme on Wednesday announced that it is merging with Malaysia-based travel startup Tripfez to form one of the world’s largest Muslim-focused online travel agencies.
The newly merged entity has also raised $16 million in a Series C funding round led by China and Kuala Lumpur-based venture capital firm Gobi Partners. Other investors in the round include India-based Accel Partners, UAE-based Global Ventures, Egypt’s Algebra Ventures and Lebanon-based B&Y Venture Partners.
“When Faeez and Geet approached me with their plan to come together and scale across multiple Muslim economies, I became very excited. This is one of the biggest opportunities in the travel space. This merger will serve as a catalyst that energises an entire generation of TaqwaTech entrepreneurs,” said Gobi Partners founding partner Thomas Tsao.