Tuesday, May 21

Tag: Online Booking

Travel App Ixigo acquires Confirmtkt
ACQUISITION

Travel App Ixigo acquires Confirmtkt

Travel app ixigo acquire 100 percent shares of Bengaluru-based online train discovery and booking platform Confirmtkt in an undisclosed cash and stock deal. The founders of ixigo will join the Confirmtkt board and existing investors of Confirmtkt, including Venture Catalysts, will be exiting the company fully as a part of the deal, ixigo said in a statement on Thursday. Both companies will continue to run independently, post this acquisition. Ixigo and Confirmtkt are official IRCTC B2C premium ticketing partners for online train reservations in India. "This deal will help the group to consolidate its presence in Tier 2/3/4 markets with its combined user base of nearly 200 million Indians", the statement said. Aloke Bajpai and Rajnish Kumar, Co-Founders, ixigo, said, "The combi...
Uber Launches Its First Bus Service in Egypt
MIDDLE EAST

Uber Launches Its First Bus Service in Egypt

Cairo, Egypt, July 20, 2020 - Uber launched its latest intercity Bus service in Egypt, aiming to connect cities together using the Uber app. Built locally, the company chooses Egypt once again to be the first country globally to roll out a new service. The launch comes as part of Uber’s continuous efforts to adapt its technology to build a wide range of products that meet the needs of local markets. Following the Covid-19 lockdown period, Uber is excited to continue expanding its presence in Egypt with a safe and affordable ride.  “We are honored to witness another global product launch from Egypt, especially following the last few tense months across the country and the world. Egypt is an innovation hub and a fantastic environment for testing new products. By leveraging Uber’s tec...
Ebix offers $336 Million to acquire Yatra.com
ACQUISITION

Ebix offers $336 Million to acquire Yatra.com

US-based software firm Ebix Inc Monday said it has offered to acquire Yatra Online Inc, the parent company of online travel firm Yatra.com, for $336 million (over Rs 2,345 crore). The company has sent a letter to the Board of Yatra Online, Inc outlining offer to acquire 100 per cent of the outstanding stock of Yatra Online for $7 per share on a debt-free basis, Ebix Inc said in a statement. Gurugram-based Yatra.com is a major player in the online travel sector and provides services including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, activities and ancillary services. Ebix intends to merge Yatra Online in the company's Indian EbixCash subsidiary set up, it added."The Ebix offer, based on approximately 48 mill...
Saudi Prince Invested $62 Million Dollar in Middle East Based Taxi Aggregator Careem
FUNDING

Saudi Prince Invested $62 Million Dollar in Middle East Based Taxi Aggregator Careem

Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, acquired a 7% stake in ride hailing service Careem through a Secondary Share purchase as well as participating in the latest Round E funding to a total transaction value of $62M. The transaction makes KHC one of the largest holders of Preferred Shares in Careem and will grant KHC a board seat on Careem's board of directors. KHC's CEO Eng. Talal Ibrahim Al Maiman said, "Our investment in Careem is a continuation of our strategy to invest in new technologies as we have done with our investments in Twitter, JD.com and Lyft. As the leading ride hailing company in the region, and positioned with excellent growth prospects, Careem sets an example for regional businesses by providing employment opport...
Paytm Eyes 3X Growth in Train Ticket Bookings This Year
News

Paytm Eyes 3X Growth in Train Ticket Bookings This Year

Digital payments platform, Paytm today said it expects to clock over 3X growth in number of train tickets booked through its platform this financial year. The company is also strengthening its overall travel vertical and will hire more people over the next two quarters. "Paytm is booking over one million train tickets in a month and has become Indias largest platform for train tickets booking, after IRCTC," it said in a statement. The Alibaba-backed company had launched online train ticket bookings in partnership with IRCTC in October last year. "Paytm is now targeting 3X growth this financial year," it said. Currently, 90 per cent of the train ticket bookings on Paytm are done through the mobile platform. "We are extremely overwhelmed by the response received for train t...
OLA Reach Out to Over 1,00,000 Driver Entrepreneurs Across 10 Cities
News

OLA Reach Out to Over 1,00,000 Driver Entrepreneurs Across 10 Cities

Ola, India’s most popular mobile app for transportation, today announced plans to reach out to over 1,00,000 driver entrepreneurs through ‘Auto Driver Partner Melas’ across all major cities and towns in India. This follows the success of the first-ever Auto Driver Partner Mela – ‘Ola Baasha Mela’- that was held in Chennai, Tamil Nadu. The three-day Chennai Mela held between 8th April to 10th April witnessed hundreds and thousands of auto rickshaw driver partners availing the opportunity of becoming micro-entrepreneurs by owning auto rickshaws for the first time. They also benefitted from other value additions such as free vehicle insurance, and garage services, etc., including the unique opportunity to join Ola as a driver partner on the platform. Ola plans to replicate the grand suc...
Railway & Its Travel Insurance- 75 Percent Success Rate
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...
MEDZIN- The Emerging Player in The Indian Healthcare Industry
Story

MEDZIN- The Emerging Player in The Indian Healthcare Industry

Indian healthcare is experiencing a new wave of opportunity. Providers are reinventing existing delivery models to bring healthcare closer to the patient. One of the Leading light in this sector, Medzin (holding company of Medhealix Health Tech Pvt. Ltd.) is a hyper-local healthcare aggregator app connecting the users with the nearest healthcare facilities and services. Catalyzing growth and innovation in the Healthcare sector, one can buy Medicines and Daily Supplements at Your Convenience, Book Appointments Based on Recommendations and Healthcare and Daily Supplements, Book Appointments with Doctors Nearby. According to, Economist Intelligence Unit of World Healthcare Outlook, “Healthcare is a high-cost sector for both end-users and providers, billing at an average of 10.5% of GDP on...
Uber Enter Into Billion Dollar Market “Indian Weddings”, Launched UberWEDDINGS in 12 Cities
News

Uber Enter Into Billion Dollar Market “Indian Weddings”, Launched UberWEDDINGS in 12 Cities

Taxi-hailing app Uber has partnered WedMeGood, a wedding planning website, to offer mobility solutions for wedding-related travel called UberWEDDINGS in 12 Indian cities. UberWEDDINGS will be live till February 2017 and will provide convenient, hassle-free and cashless mobility solution to users in New Delhi, Ahmedabad, Bengaluru, Chandigarh, Chennai, Hyderabad, Jaipur, Kolkata, Ludhiana, Pune, Udaipur and Lucknow, Uber India said in a statement. Apart from India, Uber offers UberWEDDINGS in Washington DC, San Francisco, New York, Boston and LA as well. "Weddings in India are typically an elaborate affair, often spanning month-long planning and week-long celebrations involving family and friends. While we all enjoy the fun and celebration, they also bring in the logistical challen...