Monday, April 15, 2024
Outlook.com
Outlook India
Outlook Business

Travel Tech

FlixBus, a travel-tech company, is set to collaborate with local bus operators. The partnership aims to leverage FlixBus's proprietary tech platform, empowering local bus operators to improve and streamline their business operations.

Its gross bookings reached $2,088.3 million in Q3 FY24, up from $1,738.2 million in Q3 FY23

Since its inception in 2015, MakeMyTrip Foundation has claimed to focus on impacting destinations, people, and the environment

Prior to EaseMyTrip, Nutun worked with various firms where she helped them to achieve their business goals

Gangtok, Darjeeling, and Shillong in the East; and Lonavala and Mahabaleshwar in the West will also see new OYO hotels, it added

The travel tech platform earned more than Rs 500 crore in revenues from operations

Gross bookings in the fourth quarter were at $1,673.9 million as compared to $1,012.3 million

The company attributed the growth to the travel resurgence in India over the last few years, that widened business opportunities for travel agencies.

The company is seeking to tap into the opportunities provided by the government's initiative to increase the number of airports in India by adding 80 airports over the next three years, taking the number to 220 by 2025

The company reported an adjusted EBITDA of Rs 63 crore in the first half of FY2023 in its filing with Securities and Exchange Board of India (Sebi) in an update to its Draft Red Herring Prospectus (DRHP)