PE Firm Emerging India Invests $50 Mn In Travel Startup Goomo

Mumbai-based omnichannel travel tech startup, Goomo has secured $50 million to enter the OTA market in India. The investment comes from Emerging India, a Mauritius-based fund manager with over $1.5 billion under management.

The company plans to utilise freshly infuse funds to build an online platform, products, marketing and establishing its off-line partner network.

Commenting on the development, a spokesperson from Emerging India said, “Over the last 12 months we have built a great team with a strong foundation. We are excited about the growth prospects of the business and expect the team to create a great India focused travel distribution business in the next 2 – 3 years.”

Goomo Holdings was established after Emerging India acquired Orbit Corporate and Leisure Tours in November 2015, and then launched the online platform, Goomo.com, in March 2017 with an intent to focus on the fast-growing b2c travel segment. Goomo.com launched its services with Flights, Holidays and Trade Fairs and will soon be launching hotels, trains, buses and visas on-line.

“Over the last 12 months, we have successfully integrated Orbit, built a great team with strong industry experience and a robust technology platform.It is early days, but we are already getting great feedback from customers. Given the potential in the travel sector, we aim to establish ourselves as one top 3 travel platforms in India in next 3-5 years,” said Varun Gupta, CEO Goomo.

“Goomo is being built ground up to be an Omni-channel platform that will facilitate corporate and consumer travel booking across online and offline channels.” he added further.

Goomo will distribute travel products and services through its online platform, flagship stores, and partner agents. In addition, management expects to build one of India’s largest retail distribution networks with an objective of touching more than 20 million customers a month.

This round is one of the largest raised by a startup operating in the online travel space, outside the big two players - Nasdaq-listed firm MakeMyTrip and Yatra and therefore it is the evidence of increasing investor participation in the space.

Story Of YatraGenie, An Online Bus Tickeing Cab Booking Firm With 200K Cab Rides Within 10 Months Of Its Inception

What would be the three wishes that a travel enthusiast would ask if he/she was given this chance by a genie? I think, cheap, safe and fast travel options would figure out as top three on the priority list of many. Making these true wishes of travel hungry people come true is a Bangalore based genie called YatraGenie.com.

Started in the year 2013, the company claims to be one of India’s leading online bus ticketing and cab booking platforms. YatraGenie provides a one stop travel solution to travel junkies looking for budget travels. Functioning on the motto of providing best service at the best price to its customers, the startup works on a commission based business model. Further, it differentiates itself in the market by making available hassle free and low-cost bus ticketing service.

For YatraGenie, it's customers security is its priority. Therefore, in the light of this, the startup has paid close attention to the RTA authorities mandated security measures like GPS tracking systems, panic buttons, background checks for certified drivers and live tracking.

[caption id="attachment_102505" align="alignleft" width="310"] Renil Komitla[/caption]

YatraGenie is the result of the great vision of Renil Komitla, CEO and Founder, YatraGenie Services Pvt Ltd. A leader, a dreamer, an idea accelerator and a sharp executor, Komitla is a Founder member of Paxterra Software Solutions. With a rich experience of working with high-profile companies like CISCO, STOKE, and Wichorus on his side, Komitla saw immense potential in the travel industry and came up with YatraGenie.

YatraGenie current services include bus services, cab facilities, hotel booking as well as tour packages. Next, they plan to start an information and deals section which will educate travellers about the possible kind of opportunities and places that they could explore and avail during their travel period.

The Startup has raised Series A funding from a well-known entrepreneur and Silicon Valley investor, Ash Bhardwaj. The funds raised are currently being used towards expansion of the business in Karnataka and to increase the market base in Telangana and Andhra Pradesh.

With current presence across 40 Indian cities and towns, YatraGenie aims to increase this numbers to 100 cities by the end of this year.

The startup has been successful in grabbing a lot of eyeballs in such a short people of time since its launch. Figures like 1,36,198 mobile downloads, more than 7 lakh customers, more than 2,00,000 cab rides and 1 lakh 10 thousand followers on social media rightfully reflect the startup's skyrocketing growth.

Story Of YatraGenie, An Online Bus Tickeing Cab Booking Firm With 200K Cab Rides Within 10 Months Of Its Inception

What would be the three wishes that a travel enthusiast would ask if he/she was given this chance by a genie? I think, cheap, safe and fast travel options would figure out as top three on the priority list of many. Making these true wishes of travel hungry people come true is a Bangalore based genie called YatraGenie.com.

Started in the year 2013, the company claims to be one of India’s leading online bus ticketing and cab booking platforms. YatraGenie provides a one stop travel solution to travel junkies looking for budget travels. Functioning on the motto of providing best service at the best price to its customers, the startup works on a commission based business model. Further, it differentiates itself in the market by making available hassle free and low-cost bus ticketing service.

For YatraGenie, it's customers security is its priority. Therefore, in the light of this, the startup has paid close attention to the RTA authorities mandated security measures like GPS tracking systems, panic buttons, background checks for certified drivers and live tracking.

[caption id="attachment_102505" align="alignleft" width="310"] Renil Komitla[/caption]

YatraGenie is the result of the great vision of Renil Komitla, CEO and Founder, YatraGenie Services Pvt Ltd. A leader, a dreamer, an idea accelerator and a sharp executor, Komitla is a Founder member of Paxterra Software Solutions. With a rich experience of working with high-profile companies like CISCO, STOKE, and Wichorus on his side, Komitla saw immense potential in the travel industry and came up with YatraGenie.

YatraGenie current services include bus services, cab facilities, hotel booking as well as tour packages. Next, they plan to start an information and deals section which will educate travellers about the possible kind of opportunities and places that they could explore and avail during their travel period.

The Startup has raised Series A funding from a well-known entrepreneur and Silicon Valley investor, Ash Bhardwaj. The funds raised are currently being used towards expansion of the business in Karnataka and to increase the market base in Telangana and Andhra Pradesh.

With current presence across 40 Indian cities and towns, YatraGenie aims to increase this numbers to 100 cities by the end of this year.

The startup has been successful in grabbing a lot of eyeballs in such a short people of time since its launch. Figures like 1,36,198 mobile downloads, more than 7 lakh customers, more than 2,00,000 cab rides and 1 lakh 10 thousand followers on social media rightfully reflect the startup's skyrocketing growth.

TravelYaari Claims To Be India's Largest Real Time Bus Tickets Booking Service

Are you a frequent bus traveler but often struggle with getting your tickets and desired seats? Then, this is for you. Travelyaari is an online travel agency which has made travelling by bus an absolutely fun and hazel free ride. The agency prides itself of being the country’s largest real time bus tickets booking service which provides booking at “zero” booking price, which means you will only have to pay your ticket amount and there are no additional charges involved.

The Bangalore based travel agency is a flagship brand of Mantis Technologies Pvt. Ltd, a company which was set up by three industry professionals and IIM Ahmedabad graduates, Prateek Nigam, Aurvind Lama and Parthasarthi Sinha. Travelyaari was a campus startup which was born as a result of numerous hostel and classroom discussions. The main objective behind starting Travelyaari.com was making booking of bus tickets accessible to anyone and everyone at transparent rates and at the same time provide bus travelers with the luxury to choose their own seat in the bus.

Travelyaari began its operations in 2007 and has since then worked very closely on the ground with the bus operators. The online travel agency has helped the bus operators in fully computerizing their booking offices and agency network and this has in return helped Travelyaari in creating a very large pool of 100 percent real time bus tickets inventory all across the country. One thing which makes Travelyaari different from all other online travel agencies is the fact that Travelyaari is not just an ordinary online travel agency but also an enabler of the bus travel industry in India.

The bus travel Industry in India is a very unorganized industry and Travelyaari with its mass computerization of the ground network ensures that its customers get the most possible and accurate real time update about seat availability and price while booking through the online travel agency.

To makes things easier and faster, the online travel agency also has its own Android app. The mobile app provides us with a variety of options like Deluxe, Volvo, Express, and Mercedes Benz etc. to choose from. The app also provides us with the luxury to view booking and cancel tickets from within the app. You can even call the customer care executive from within the app. The app can be downloadedabsolutely free of cost from the Google Play Store.

TravelYaari Claims To Be India's Largest Real Time Bus Tickets Booking Service

Are you a frequent bus traveler but often struggle with getting your tickets and desired seats? Then, this is for you. Travelyaari is an online travel agency which has made travelling by bus an absolutely fun and hazel free ride. The agency prides itself of being the country’s largest real time bus tickets booking service which provides booking at “zero” booking price, which means you will only have to pay your ticket amount and there are no additional charges involved.

The Bangalore based travel agency is a flagship brand of Mantis Technologies Pvt. Ltd, a company which was set up by three industry professionals and IIM Ahmedabad graduates, Prateek Nigam, Aurvind Lama and Parthasarthi Sinha. Travelyaari was a campus startup which was born as a result of numerous hostel and classroom discussions. The main objective behind starting Travelyaari.com was making booking of bus tickets accessible to anyone and everyone at transparent rates and at the same time provide bus travelers with the luxury to choose their own seat in the bus.

Travelyaari began its operations in 2007 and has since then worked very closely on the ground with the bus operators. The online travel agency has helped the bus operators in fully computerizing their booking offices and agency network and this has in return helped Travelyaari in creating a very large pool of 100 percent real time bus tickets inventory all across the country. One thing which makes Travelyaari different from all other online travel agencies is the fact that Travelyaari is not just an ordinary online travel agency but also an enabler of the bus travel industry in India.

The bus travel Industry in India is a very unorganized industry and Travelyaari with its mass computerization of the ground network ensures that its customers get the most possible and accurate real time update about seat availability and price while booking through the online travel agency.

To makes things easier and faster, the online travel agency also has its own Android app. The mobile app provides us with a variety of options like Deluxe, Volvo, Express, and Mercedes Benz etc. to choose from. The app also provides us with the luxury to view booking and cancel tickets from within the app. You can even call the customer care executive from within the app. The app can be downloadedabsolutely free of cost from the Google Play Store.