Pinktada, a Houston, TX-based travel tech startup, raised USD1.34M in funding.
The round was led by Mandra Capital and Selenean Capital. They joined backers True Global Ventures 4 Plus–which has invested $2M to date–and several members of the New York Angels investment group.
The company intends to us the funds to expand operations and its development efforts.
Pinktada has created a blockchain-based solution for the reservation segment of the hospitality & travel industry, which brings tokenization to the travel market. Guests can choose their room by taking a virtual tour, and swap or sell their reservations if plans change. Hotels receive full payment up front and can show off their amenities and attributes.
Pinktada was founded in 2020 and is headquartered in Houston, TX, with offices in New York, and Pune.