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Jungle Ventures invests in BookMyShow’s Southeast Asia Business

3Dec By PriyankaNo Comments

FUNDING

Jungle Ventures invests in BookMyShow’s Southeast Asia Business

Bigtree Entertainment Singapore Pte Ltd, which owns and operates BookMyShow's South East Asia business said Singapore-based Jungle Ventures has invested in the company. The company however, did not disclose the financial details of the transaction. The capital will be used to strengthen BookMyShow SEA's technology operations and grow its capabilities to cater to the rising entertainment demands in the Southeast Asian region, a company statement said. With this first external fund raise for the firm's Southeast Asian business, BookMyShow SEA will shift its headquarters to Singapore, it added. Pursuant this investment, BookMyShow SEA aims to expand its geographic footprint across the Southeast Asian market to become the leading out-of-home entertainment platform for the region, ...

Viagogo Acquires StubHub from eBay for $4.05 Billion

27Nov By AdityaNo Comments

ACQUISITION

Viagogo Acquires StubHub from eBay for $4.05 Billion

SAN JOSE, California-- eBay and Viagogo have entered into a definitive agreement for eBay to sell StubHub to Viagogo for a purchase price of $4.05 billion in cash. "We believe this transaction is a great outcome and maximizes long-term value for eBay shareholders," said Scott Schenkel, interim chief executive officer of eBay Inc. "Over the past several months, eBay's leadership team and Board of Directors have been engaged in a thorough review of our current strategies and portfolio, and we concluded that this was the best path forward for both eBay and StubHub. We firmly believe in the StubHub business and we are excited about its future growth potential with viagogo as its owner." viagogo is a leading worldwide ticket marketplace for live sport, music and entertainment events, and...

Know About The Technological Advancements Being Made in The Railway Sector

12Jun By Gauri SinghNo Comments

News

Know About The Technological Advancements Being Made in The Railway Sector

With the ever-increasing use of digital technology all over the country, the Indian Railways have now planned to look after and monitor the cleanliness of the trains, easy ticket availability, food problems and other grievances of the passengers with the help of technology-based advancements. TECHNOLOGICAL ADVANCEMENTS IN RAILWAY: 1) Whatsapp Groups to Monitor Cleanliness - One of the busiest railway zones in India, the Northern Railways will now have WhatsApp groups for every railway department including pantry, bedrolls etc, under the supervision of the senior officials, which will update information and status reports on the cleanliness of the trains on a day-to-day basis by onboard housekeeping staff (OBHS). People can send in their requests on the group and the same would ...

2May By Sheldan RungasamyNo Comments

FUNDING

College Event Ticketing Startup Raises $250,000 funding

TheCollegeFever (TCF), a college event ticket booking startup raised a seed funding worth $250,000 (Rs 1.7 crore) from Mumbai-based investment firm 11.2 Advisors. It is the first time that TheCollegeFever is raising funds from external resources and intends on using the capital for customer acquisition and improving technology, its founder Kushal Aralihalli said. The Bengaluru-based company, which is run by Culturo Technology Pvt. Ltd, works in partnership with 2,000 colleges and has sold over 4 lakhs tickets in over 6,000 events amounting to Rs 10 crore, its Aralihalli added. Kushal Aralihalli founded the event ticket startup in 2016 and managed to double its growth since last year. TheCollegeFever operates in a market segment that makes it compete directly with giants BookMyS...

Ebix To Acquire Online Travel Platform Via.com

1Nov By AnkitaNo Comments

ACQUISITION

Ebix To Acquire Online Travel Platform Via.com

Ebix Inc, the parent company of ItzCash, has marked its fifth acquisition in India by acquiring Sequoia backed online travel portal Via.com, it said in a press statement. This acquisition marks U.S. based on demand software supplier Ebix's distribution network to over 224,000 outlets in South-east Asia, besides offering significant cross-selling opportunities for Ebix’s EbixCash (former ItzCash) Financial Exchange portfolio of products, the company said. Bengaluru based Via.com's enterprise value for the transactions was $74.9 million, which is expected to be carried out within few days. Via.com is a travel deals aggregator and ticket booking portal and sells holiday packages. Operated by Flightraja Travels Pvt. Ltd, it was founded back in 2007 by Vinay Gupta and Amit Aggarwal. ...

Flipkart In Talks To Acquire Stake In BookMyShow

16Oct By reutersNo Comments

ACQUISITION

Flipkart In Talks To Acquire Stake In BookMyShow

E-commerce firm Flipkart is in talks for a partnership with online ticketing platform BookMyShow in a bid to build out its services and transaction offering, the Economic Times newspaper reported. The talks are at a preliminary stage and may see Flipkart picking up a significant minority stake in BookMyShow, two people familiar with the discussions told the paper. ALSO READ Metro Cash & Carry To Start Ecommerce For B2B By Dec-End Be Intellectually Honest And Have The Courage To Change Says Apple CEO Tim Cook Flipkart, which secured nearly $2.5 billion in funding from Japan’s SoftBank Group in August, did not respond to a request for comment. BookMyShow, owned by Mumbai-based Bigtree Entertainment Pvt Ltd, was not immediately available...

IRCTC Offers mVisa Payment Solution For Travellers

14Jun By Press Trust of IndiaNo Comments

INDIA

IRCTC Offers mVisa Payment Solution For Travellers

Rail travellers can now book tickets by mVisa payment method which allows them to scan a quick response (QR) code and pay through smartphones. Users can securely link their visa debit, credit or prepaid account to the mVisa application on their smartphones and make their travel bookings by simply scanning their mVisa QR code on the Indian Railway Catering and Tourism Corporation website. IRCTC, a subsidiary of the Indian Railways, is offering a promotion offer until September 4 that will give Rs 50 cashback to consumers booking their tickets through mVisa scan and pay on the IRCTC website. "The key to our success as Indias largest e-commerce organisation has been our ability to embrace new technologies that help us drive consumer engagement across our platform," IRCTC CMD AK Manoc...

10May By AnkitaNo Comments

INDIA

Indian Railway Started Delivery of Train Tickets at Doorstep

IRCTC has offered delivery of rail tickets allowing passengers to make payment through any payment mode, including cash. Broad-basing the customer service, the Indian Railway Catering and Tourism Corporation has now introduced pay-on- delivery service allowing passengers to book train tickets online and pay at the time of delivery. IRCTC through its website and mobile app has now introduced pay-on-delivery as one of the payment options for its customers, said a senior IRCTC official. Delivering tickets at the consumers doorstep by offering the pay-on-delivery (PoD) option will facilitate those consumers who book through travel agents to move to online medium. It will also encourage people who book at railway reservation counters to move to online medium as there is a cost and e...

2Mar By NitishNo Comments

INDIA

Soon, Aadhaar Will Be Mandatory For Booking Indian Train Tickets Online

The Railways will soon move towards Aadhaar-based online ticketing system to prevent touts from blocking a bulk of tickets, end fraudulent bookings and curb cases of impersonation. Aadhaar number has been made mandatory for senior citizens to avail concessions in train tickets from April 1. A three-month trial run for this is going on. As per the new business plan 2017-18, unveiled by Railway Minister Suresh Prabhu today, besides the Aadhaar-based ticketing system, the Railways will move towards cashless ticketing system by installing 6,000 point-of-sale machines and 1,000 automatic ticket vending machines across the country. An integrated ticketing app will also be launched by May to promote cashless transaction. "Aadhaar number will be required for one-time registration at the I...

Railway & Its Travel Insurance- 75 Percent Success Rate

10Feb By No Comments

BLOGS

Railway & Its Travel Insurance- 75 Percent Success Rate

As compared to life insurance and health insurance, there are limited buyers for travel insurance. As per a recent report by the Insurance Regulatory and Development Authority of India (IRDAI), in the fiscal year 2014-15, only 1.4 million domestic travel insurance plans were issued in India. Travel Insurance is often neglected by people! But its significance is only realized after mishaps like train accidents, flight accidents happen. But why do most people wait for something wrong to happen and then realize that they should have taken the travel insurance cover? As discussed above, often people don’t buy travel cover. And the ones, who buy travel insurance, don’t buy adequate coverage. They cover themselves for matters pertaining to baggage loss and flight/train delays. Insu...

28Dec By NitishNo Comments

News

BookMyShow Sets New Records, Sells 1 Million Tickets a Day

BookMyShow has created history by alone selling over 3 million movie tickets for the Christmas weekend from Friday to Sunday, which also was the opening weekend of mega blockbuster Dangal. This massive achievement indeed makes BookMyShow the most loved online entertainment ticketing brand in the country. For shows on Saturday and Sunday, BookMyShow sold over 1 million tickets a day, thereby contributing to over 35% of Dangal's overall opening weekend collection in India. As a way to celebrate this, BookMyShow has also extended its Blockbuster Week offer till 1st January 2017, wherein users will be able to avail massive discounts on movie ticket bookings while also standing a chance to win fabulous gifts and assured prizes. Ashish Saksena, COO-Cinemas, BookMyShow said, "The year 2016 ...

IRCTC Launched New App “IRCTC Connect” For Hassle Free Journey

30Oct By Press Trust of IndiaNo Comments

News

IRCTC Launched New App “IRCTC Connect” For Hassle Free Journey

To make train journeys pleasant and hassle-free, railways will launch an integrated mobile app for availing all travel-related services such as hiring taxis, porters and booking retiring rooms and lounges at stations among others. The app "IRCTC Connect" which aims to provide a one stop solution for various services can be used for booking tickets, ordering food from a favourite restaurant or finding hotel rooms of passengers' choice outside the stations. The application is likely to be launched early next year as the required ground work for it is underway, a senior Railway Ministry official said. Currently, a few apps are operational for booking tickets and food but there is no such app for availing multiple services. As per plan, the app will offer 17 services like porter, whee...