US-based Thomas Cook May Acquire Mumbai’s Traveljunkie
The US-based popular travel agency Thomas Cook is eyeing to acquire 24% stake in Mumbai-based Traveljunkie, which recommends destinations and help people plan their trips and book activities, hotels and flights.
The startup Traveljunkie basically serves people traveling to Thailand, Indonesia and Turkey. The company was founded in 2015 by IIT-Bombay graduates Ameya Sahasrabudhe and Rahul Singh.
The source of revenue for the startup is the commission that it charges from operators and vendors selling local activities and experiences. The good part is that the users are not charged anything.
“For Thomas Cook, the partnership with Ithaka creates a new channel that reaches and serves millennials, while for Ithaka, the partnership delivers an end-to-end, bookable experience,” said Madhav...