The Trippie app, founded by Ryan Diew, has transformed the way travelers navigate airports, making it easier to locate amenities, gates, and dining options.
Since its launch, the app has expanded significantly, both in terms of features and reach.
Despite initially facing setbacks on the popular TV show Shark Tank in 2017, Trippie has grown exponentially, reaching new milestones and raising its value to $4.5 million in 2024.
What is Trippie?
Trippie is an innovative app designed to enhance the travel experience by providing real-time navigation for airport terminals.
It helps travelers find their way around large, often confusing airports by offering details about gate locations, amenities, dining options, and more.
Trippie aims to reduce stress during airport navigation, ensuring passengers have a seamless journey from check-in to departure.
Trippie’s Journey on Shark Tank
Trippie first gained widespread attention when it was featured on Shark Tank in 2017. Founder Ryan Diew pitched the app, asking for a $100,000 investment for 10% equity in the business.
Despite not securing a deal, the exposure on the show helped increase the app’s visibility, leading to a surge in downloads and an expansion of its user base.
Key Milestones and Growth
- 2017: Trippie was launched, starting with just four airports.
- 2019: By this time, Trippie had expanded its presence to 120 airports worldwide, including major international hubs such as Tokyo, Sydney, and Frankfurt.
- 2024: The app continues to grow, with a valuation of $4.5 million and generating $3 million in annual revenue. It has maintained a strong 4.1-star rating on the App Store, reflecting its positive user feedback.
How Trippie is Funded?
While Trippie didn’t secure an investment on Shark Tank, it has received crucial support from several sources.
The app was initially funded by a contest at Colgate University, where Ryan Diew earned $32,000 to help kick-start the business.
Additionally, Trippie has benefited from investments by venture capitalists and is supported by the Colgate Entrepreneurs Fund, which has helped the app expand its reach and improve its features.
Current Financial Standing
Trippie is valued at $4.5 million, reflecting its steady growth and continued success. The app generates $3 million annually, which is a significant achievement for a business that started from humble beginnings.
The success of Trippie is a testament to the power of the right idea at the right time, as the app’s navigation features fill an essential gap in the travel industry.
CEO and Founder: Ryan Diew
Ryan Diew, the CEO and founder of Trippie, has played a crucial role in the app’s success. A graduate of Colgate University with a degree in Computer Science, Diew previously worked at Google and Kapor Center before founding Trippie in 2015.
His vision and hands-on approach have been instrumental in the app’s continued growth. As of 2024, Diew’s net worth is estimated at $4.5 million, driven by his dedication to the app and its future.
Impact and Future
Trippie’s growth is a shining example of how a simple yet innovative solution can make a big impact in a crowded market.
With a user-friendly interface, a commitment to improving the traveler’s experience, and a solid foundation of funding, Trippie is poised for even more success in the coming years.
The app’s positive reviews and strong user engagement indicate that it will continue to expand, with potential for further partnerships and growth.
The app’s expansion to airports around the world, along with the growing need for travel convenience, makes it a valuable tool for both frequent flyers and casual travelers alike.
Trippie’s ongoing success proves that with determination, the right product, and strategic investments, it is possible to turn an idea into a globally recognized brand.
