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Verteil Technologies closes Pre-Series A funding round

Verteil Technologies, an IATA Level 4 certified NDC aggregator transforming airline distribution space, has closed Pre-Series A Investment round for an undisclosed amount.

The round was led by Bluebell Group, a boutique investment banking firm based in Kochi, with investments from Kochouseph Chittilappilly, Chairman Emeritus of V-Guard Industries Ltd, Hassan Kunhi MP, Chairman of Medtech Corporation Qatar, Director of Kannur International Airport & Asset Homes and K.M Varghese, an NRI entrepreneur and social worker based in Qatar.

With the goal of achieving a unicorn status by 2024, Verteil is preparing to start a Series A fund raise of Rs 100 crore.

Founded by Jerrin Jos and Satheesh Satchit, who comes with deep domain experience in mission critical airline IT systems, Verteil Technologies is a travel technology company transforming the 40 years’ old legacy airline distribution space with its state-of-the-art retailing and distribution platform for airlines using the new…

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