'An exciting next phase of growth': Inside Travel Group attracts £20 million in fresh investment
James ChappleInsideJapan and InsideAsia parent, Inside Travel Group, has attracted fresh investment from a B Corp specialist investor and Japan’s sovereign wealth fund – its second major cash injection in a matter of years following a rapid post-Covid rebound and one it says will kick off "an exciting next phase of growth".
After enduring two zero-revenue years during the pandemic, ITG secured an initial investment from Blandford Capital LLP in mid-2022 as its main destination – Japan – began to reopen to the world before going on to achieve B Corp certification last year.
ITG said it had achieved "significant growth" since then, with 2023 revenue running to around £50 million and 2024 departure revenue so far reaching around £65 million – a third more than last year, with 2024 poised to be the operator’s best yet. After slashing headcount during the pandemic, the business now has more than 250 employees.
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James Chapple
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Place of registration: England and Wales.
Company number 08723341.
Registered address: 6th Floor, 2 London Wall Place, London EC2Y 5AU
