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Travel products brand Escape Plan raised $25 million in a Series A round led by Jungle Ventures, with IndiGo Ventures also coming on board.
Context: Escape Plan builds luggage, accessories, and mobility products for the modern Indian traveller. It sells through its own D2C platform, online marketplaces, and a fast-growing offline retail network.
What’s the deal: The money will be used to scale, better pricing, and expansion.
This comes at a time when demand for organised, branded travel gear is rising fast with air travel and leisure trips bouncing back. The funding gives the company a chance to compete harder with D2C rivals like Mokobara, Nasher Miles, Uppercase, and Acefour.
Zoom out: India is expected to become the world’s third-largest travel and tourism market by 2030. The sector is projected to contribute $450–500 billion to GDP.
Meanwhile, global leisure travel spending is set to nearly double from almost $7.5 trillion in 2024 to over $15 trillion by 2040. Domestic travel makes up the largest share and is growing at a steady 7–8% annual rate.
