Thursday, November 21

Tag: travel

Online Travel Destination Platform Guiddoo Raises 2 Crore Funding
9Jun By AdityaNo Comments
FUNDING

Online Travel Destination Platform Guiddoo Raises 2 Crore Funding

Guiddoo an in-destination platform that offers information on tours and activities, dining and shopping options to Indian travelers going abroad has raised USD 300,000 (about Rs 2 crore) from a clutch of investors. The company would utilise the funds to support product and technology development through its newly-opened technology and data unit based in Pune, according to a statement. Part of the funds would also be utilised towards building pan-India distribution for its tours, activities and holidays products. "Guiddoo has raised funding of USD 300,000 in Pre- Series A funding by existing investors Pawan Borle and Nirmal Singh as well as new investors including Manish Prasad, Vineet Varma, Nick Haulkoury, and Abhai S. Rao," the statement added.
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MakeMyTrip to Raise $330 million From Ctrip and Naspers
3May By AdityaNo Comments
FUNDING

MakeMyTrip to Raise $330 million From Ctrip and Naspers

Online travel firm MakeMyTrip today said it will raise $330 million (over Rs 2,115 crore) through share sale to investors as well as to Ctrip and Naspers’ arm MIH Internet, to fund expansion. The company has entered into share purchase agreements with undisclosed investors for placement of its ordinary shares, which is expected to generate gross proceeds of $165 million. The company will issue 4,583,334 ordinary shares in aggregate to investors at $36 per scrip. Moreover, it has also signed share purchase agreements with Nasdaq-listed Ctrip.com International Ltd and MIH Internet SEA Pte Ltd, a subsidiary of Naspers Ltd for issuance of the company’s ordinary shares and Class B convertible ordinary shares respectively. Under the agreement, MakeMyTrip will issue 9,16,666 ordinary ...
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Why We Must Buy Travel Insurance?
11Apr By No Comments
BLOGS

Why We Must Buy Travel Insurance?

You are not alone if you are ignoring travel insurance while booking the ticket for your upcoming trip. In fact, 90 percent of Indian travellers going abroad know about travel insurance, but only 2 to 5 percent of them prefer to buy one. Usually, people in India do not buy travel insurance unless the country they are travelling makes the policy mandatory. Just because vacation is associated with fun and pleasure, it doesn’t mean, nothing bad will happen during a journey. Remember, travel comes with its fair share of risks, and it is always good to buy travel insurance to have a fun-filled and peaceful trip. Remember an indian evisa if you are planning to travel abroad! Here are a few reasons due to which you should consider buying a travel insurance before your next trip: Lo...
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Indian Online Travel Portal Yatra.com Listed on Nasdaq Today
20Dec By NitishNo Comments
News

Indian Online Travel Portal Yatra.com Listed on Nasdaq Today

Online travel firm Yatra Online Inc has been listed on the American stock exchange, Nasdaq, under the ticker symbol "YTRA" with effect from today. Yatra said it has completed the transaction with Terrapin 3 Acquisition Corporation (TRTL), which will result in TRTL becoming a partially owned subsidiary of Yatra. As a part of this process, Yatra has raised more than USD 92.5 million of primary capital from global investors, and the merged entity, 'Yatra Online Inc', will continue to be led by Yatra's management team, Yatra Online Inc said in a statement. Commenting on the development, Yatra Co-founder and CEO Dhruv Shringi said: "It's a matter of great pride for us to be one of the few Indian companies to be listed on Nasdaq". Over the course of the past decade, Yatra has established i...
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Makemytrip And Ibibo Group Announced Merger
18Oct By NitishNo Comments
ACQUISITION

Makemytrip And Ibibo Group Announced Merger

MakeMyTrip Limited and ibibo Group (owned by global technology group Naspers Limited, have agreed to pursue a transaction that will combine the two businesses under MMYT, creating one of the leading travel groups in India that provides a one-stop shop for all Indian travellers and serves as a critical partner for travel industry suppliers. The combination will bring together a bouquet of leading consumer travel brands, including MakeMyTrip, goibibo, redBus, Ryde and Rightstay, which together processed 34.1 mm transactions during FY2016. The transaction is expected to unlock value for customers, supply partners and shareholders, by combining the complementary strengths of each business. MakeMyTrip brings its strong brand, robust mix of domestic and outbound hotels and packages busines...
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Travel Website Musafir.com Ties Up With Amazon Ahead of the Festive Season
3Oct By AdityaNo Comments
BUSINESS

Travel Website Musafir.com Ties Up With Amazon Ahead of the Festive Season

Musafir.com, one of India's fastest-growing travel websites has tied up with Amazon India in a unique marketing campaign, this festival season. The company will offer 200 lucky winners, who shop at 'Amazon Great Indian Festival', an all-expense paid couples' trip to Dubai for three nights and four days. "The festive season is all about giving, sharing and experiencing. We are extremely excited to announce our festive association with Amazon India. This unique partnership featuring one of the biggest online sales in the country with one of the biggest holiday giveaways in the history of Indian retail, is our way of wishing everyone a happy festive season and a prosperous year ahead," said Ms. Giya Diwaan, CEO, Musafir.com. Musafir.com is dedicated towards providing an inspiring and premiu...
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Ola Launches Intra-city Rental Service With Hourly Packages
11Aug By PriyankaNo Comments
News

Ola Launches Intra-city Rental Service With Hourly Packages

Taxi aggregator Ola has launched a new category to rent taxis called Ola Rentals to simplify intra-city travel with hourly packages across Ola Lux, Ola Prime (Sedan and SUV) and Ola Mini. Ola Rentals is available in 35 cities and will soon be rolled out in 100 cities across India, the company said in a statement here. It is aimed at servicing Ola Corporate customers and working executives who move from one meeting to the other during the day as well as individuals require the convenience of having a cab on disposal for diverse needs like local sightseeing, or shopping trips, it added. "Launched recently, the (Ola Rentals) category is already growing at a rapid pace and we are now taking it to the next level by introducing it for our customers on the Ola Corporate platform," Ra...
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Yatra Partners Taxi Aggregators to Offer Cab Service
19May By AnkitaNo Comments
News

Yatra Partners Taxi Aggregators to Offer Cab Service

Online travel solutions provider Yatra.com has joined hands with various taxi aggregators to offer cab services in 450 cities across the country, through its mob app. Under the collaboration, the customers can choose from a large range of cars including hatchbacks, sedans, SUV/MUVs and vans. They can take a cab for one-way, round-trip and multi-city trips, Yatra.com said in a release. "The company has built technology to simultaneously showcase the offerings of multiple cab aggregators, allowing the traveller the freedom to choose from a variety of service and price options. "At launch, we have aggregators offering both intra-city hourly cabs and inter-city taxi services," Yatra.com co-founder and Chief Information Officer Manish Amin said. Going forward, Yatra will be also tying u...
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These “On Demand” Travel Apps Become Hit Among Budget Backpackers
29Mar By AnkitaNo Comments
Story

These “On Demand” Travel Apps Become Hit Among Budget Backpackers

(ANI): Foreign travelers are very excited to visit India and explore the enriched and diverse cultures. As it is said "Atithi Devo Bhava" India takes care of its guests and their needs and provide them with the affordable transportation to delve into India. India is a soulful, soul-stirring country, overflowing with cultural treasures, spiritual wonder, and natural beauty. A wondrous land of crowded mega cities, which attracts the travelers to explore India. These 4 Apps have been considered best for travelers to commute: JUGNOO: If you find cabs and taxi expensive you can book a Jugnoo auto from the auto ride application. Jugnoo, a Chandigarh based company, was established in the year 2014. It has ventured into the industry as one of the leading auto-rickshaw aggregators and the ...
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China’s Ctrip invested $180 million in MakeMyTrip
8Jan By AdityaNo Comments
FUNDING

China’s Ctrip invested $180 million in MakeMyTrip

India's leading online travel company, MakeMyTrip Limited (NASDAQ: MMYT),  announced an agreement under which Ctrip.com (NASDAQ: CTRP), a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China, has agreed to make an investment in MakeMyTrip. Upon completion of the transaction, Ctrip will invest US$180 million in MakeMyTrip through convertible bonds. In addition, MakeMyTrip has granted permission to the chinese company to acquire MakeMyTrip shares in the open market, so that combined with shares convertible under the convertible bonds. Ctrip may beneficially own up to 26.6% of MakeMyTrip's outstanding shares. Also it will acquire the rights to appoint a director to the MakeMyTrip board of director...
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Holidify raises angel round to strengthen its technology and expand to more holiday options
17Oct By NitishNo Comments
News

Holidify raises angel round to strengthen its technology and expand to more holiday options

Holidify, a Delhi-based startup founded by IIT Bombay alumni has recently raised an angel round of funding of $100K led by Promoter of Aarti Group (BSE: AARTIIND). The promoter family of Aarti Industries has earlier invested in education startup Places, Bewakoof.com and Humming Whale, creator of Gladius Technology Cricket Bats. The funding round also saw participation from Naman Sarawagi (founder of Findyogi) and Himanshu Sarawagi. (more…)
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